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Perkasie Borough Two-Unit Farmhouse

327 North 5th Street Perkasie, PA 18944

327 North 5th Street, Perkasie, PA, 18944
$470,000
For Sale
Claim this Listing
$470,000

c1880's farmhouse with two units and detached garage.

Property Size2,540 SF
Lot Size0.40 Acres
Price / SF$185.04
AddedMay 18
Days on Market59
Last RefreshJul 3 at 5:40 am

Property Features for 327 North 5th Street

General Information

Standard status
Active
Size
2,540 SF
Lot size
0.40 Acres
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1880

Listing office Narrow Gate Real Estate LLC

Listing date May 18, 2026

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Narrow Gate Real Estate LLC


Investment Insights

Based on property information with market context.

This c1880's masonry farmhouse, located in Perkasie Borough, features two units. Situated on the corner of 5th and Callowhill, the property occupies over 4/10ths of an acre in an in-town setting. The building offers over 2500 square feet of living area and can be used as a two-unit property, a single-family home, or as a live-in/rent-out arrangement. The property includes one two-bedroom unit and one three-bedroom unit. A detached, four-car barn/garage provides over 1000 square feet of space with separate electric service, suitable for additional income or personal use. The property also features a walk-up attic and separated basement areas. Each unit has separate electric, water, sewer, and trash services, paid by the tenants. Unit #1 was updated in 2021 with fresh paint and flooring. Unit #2 was updated with new flooring in 2021, and the electric service and meter base were updated in 2020. Additional updates include a standing seam front metal roof in 2021, a chimney liner in February 2023, and a new main roof with remaining standing seam porch roofs scheduled for replacement in July 2024. The garage/barn roof was painted and repaired in 2024, with new electric service to the garage/barn planned for December 2025 and new garage doors scheduled for February 2026. The property is located in the Pennridge School District.

Key Highlights

  • Two‑unit property: live in one, rent the other, or convert to single‑family.
  • Large detached 4‑car barn/garage with separate electric service offers income potential.
  • Updated units: Fresh paint and flooring in Unit #1 (2021), new flooring in Unit #2 (2021), and updated electric service (2020).

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $59.1k $23.28
− Vacancy −$2.0k −$0.77
EGI $57.2k $22.51
− OpEx −$25.7k −$10.13
NOI $31.4k $12.38
2,540 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$449.3K
$393.1K – $524.2K (±1% cap)
NOI $31,449 @ 7.0% cap · market cap 6.69%
Second Best
Multifamily LT 5
$430.5K
$376.7K – $502.3K (±1% cap)
NOI $30,137 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$770.1K
$673.8K – $898.5K (±1% cap)
NOI $53,907 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Dental Office Accounting Firm (Bike/Boat/Book/etc) Store Real Estate Agency Daycare Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - c1880's farmhouse with two units and detached garage.
Where is this duplex located?
The property is located at 327 North 5th Street Perkasie, PA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two‑unit property: live in one, rent the other, or convert to single‑family.; Large detached 4‑car barn/garage with separate electric service offers income potential.; Updated units: Fresh paint and flooring in Unit #1 (2021), new flooring in Unit #2 (2021), and updated electric service (2020).
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