Duplex with Second-Floor
For Sale
$710,000
34 BUTTERNUT Drive, Hatboro, PA 19040
Multi-Family, HATBORO, PA
Property Size3,180 SF
Lot Size0.34 Acres
Price / SF$223.27
Days on Market53
Property Features for 34 BUTTERNUT Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement, Dining Room, Family Room
Parking features
Driveway
Interior features
Additional Stairway, Attic, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Formal/Separate Dining Room, Primary Bath(s)
Appliances
Dishwasher, Dryer, Washer
Subdivision
HALLOWELL
Elementary school
HALLOWELL
Middle school
KEITH VALLEY
High school
HATBORO-HORSHAM SENIOR
Elementary school district
HATBORO-HORSHAM
Middle school district
HATBORO-HORSHAM
High school district
HATBORO-HORSHAM
Standard status
Active
Size
3,180 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
7427
Utilities
Heating system
Heat Pump (Heating), Electric (Heating), Forced Air, Hot Water(Heating), Zoned, Baseboard, Central
Cooling system
Central Air
Amenities
covered patio
private deck
fenced backyard
first-floor laundry
mudroom
walk-in closet
en-suite bath
glass-enclosed shower
wet bar
breakfast bar
stainless-steel appliances
dedicated HVAC
walk-in attic
laundry hookups
Building Details
Year built
1955
Number of units
2
Building materials
Vinyl Siding, Brick, Block
Architectural style
Rambler, Colonial
Listing Agency:
Coldwell Banker Hearthside-Doylestown · Coldwell Banker Real Estate
(215) 340-3500
Listed By:
Moya Shea · License #AB068133
(267) 278-2018
Added: Aug 16
Changed: Oct 7
Last Checked: Oct 7 at 10:06PM
MLS# PAMC2191334
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,180-square-foot duplex has six bedrooms and three full bathrooms across two living areas. The upper-level apartment includes two bedrooms, a full bath, a living room, laundry hookups, a wet bar with an island, and its own deck. Residents can reach it by an interior staircase or a separate exterior entrance. Dedicated HVAC serves the apartment, while the main residence has its own zoned system. The home was built in 1955 and renovated in 2016, with the work including a roof and window replacement.
The main level includes an open kitchen with a peninsula breakfast bar, a great room, formal dining room, laundry room, mudroom, and primary suite with a walk-in closet and en-suite bath. Outside, the 0.3403-acre lot features a fenced, level backyard and a covered patio extending along the home. The property is in the Hatboro-Horsham School District.
The main level includes an open kitchen with a peninsula breakfast bar, a great room, formal dining room, laundry room, mudroom, and primary suite with a walk-in closet and en-suite bath. Outside, the 0.3403-acre lot features a fenced, level backyard and a covered patio extending along the home. The property is in the Hatboro-Horsham School District.
Key Highlights
- Two living areas within a 3,180‑square‑foot duplex
- Upper apartment has 2 bedrooms, a full bath, living room, laundry hookups, wet bar with island, and private deck
- Separate exterior entrance and dedicated HVAC for the second‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,205
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,100
$924.1K
Cap Rate 7%
$660,071
$660.1K
Cap Rate 9%
$513,389
$513.4K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$70.6K $22.20/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$66.0K $20.76/SF
− OpEx
−$19.8K −$6.23/SF
NOI
$46.2K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,100
Cap Rate 7%
$660,071
Cap Rate 9%
$513,389
Alternative Uses
Best Use
Multifamily LT 5
$660.1K
$577.6K – $770.1K
NOI $46,205 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$613.8K
$537.0K – $716.1K
NOI $42,963 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $128,042 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
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Business Placement
Demographics for 19040, PA
22,396
Population
8,277
Households
2.7
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
3,796
Density / Sq Mi
$109,207
Median Household Income
$53,603
Median Earnings
$1,657
Median Rent
$367,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A separate entrance, dedicated HVAC, and private outdoor deck support independent living on the upper level.
Where is this duplex located?
The property is located at 34 BUTTERNUT Drive Hatboro, PA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Two living areas within a 3,180‑square‑foot duplex; Upper apartment has 2 bedrooms, a full bath, living room, laundry hookups, wet bar with island, and private deck; Separate exterior entrance and dedicated HVAC for the second‑floor apartment
