Detached Duplex with Off-Street
343 SUMMER Avenue Horsham, PA 19044
New
For Sale
$500,000
MULTI_FAMILY - Colonial - HORSHAM, PA
Property Size2,016 SF
Lot Size0.66 Acres
Price / SF$248.02
Days on Market3
Property Features for 343 SUMMER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Driveway
- Standard status
- Active
- Size
- 2,016 SF
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6157
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Wall Unit(s), Window Unit(s)
Building Details
- Year built
- 1968
- Number of units
- 2
- Building materials
- Asbestos
- Architectural style
- Colonial
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Pierre Mark Eade · License #RS351771
(215) 584-3769
Added: Jul 25
Last Checked: Jul 27 at 5:06AM
MLS# PAMC2188432
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.
Detached duplex on 0.66 acres offering two separate apartments with individual systems. Apartment A includes a spacious living room, dining room, kitchen, full bathroom, two bedrooms, and interior access to the full basement. Apartment B includes a large living room, eat-in kitchen, full bathroom, and two bedrooms. Each unit has separate heating, hot water, and in-unit laundry.
The property has off-street parking for four vehicles, along with a large, level backyard. Recent improvements include a new roof, replacement windows, updated exterior doors, new Bilco basement doors, recessed lighting, new interior doors, flooring upgrades, and updates to the kitchen and bathroom in Apartment B.
Tenants are responsible for all utilities, including water, sewer, and trash, while the owner pays real estate taxes and insurance. The duplex will be conveyed fully occupied, providing rental income from day one.
The property has off-street parking for four vehicles, along with a large, level backyard. Recent improvements include a new roof, replacement windows, updated exterior doors, new Bilco basement doors, recessed lighting, new interior doors, flooring upgrades, and updates to the kitchen and bathroom in Apartment B.
Tenants are responsible for all utilities, including water, sewer, and trash, while the owner pays real estate taxes and insurance. The duplex will be conveyed fully occupied, providing rental income from day one.
Key Highlights
- Detached duplex on 0.66 acres in Horsham Township, Hatboro‑Horsham School District; conveyed fully occupied for rental income.
- Off‑street parking for four vehicles plus a large, level backyard on a quiet street.
- Apartment A: two bedrooms and full bath with interior access to the full basement; includes separate heating/hot water and in‑unit laundry.
Financial Insights For Multifamily LT 5
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 | $44.8k | $22.20 |
| − Vacancy | −$2.9k | −$1.44 |
| EGI | $41.8k | $20.76 |
| − OpEx | −$12.6k | −$6.23 |
| NOI | $29.3k | $14.53 |
2,016 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.5K
$366.2K – $488.2K
NOI $29,292 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$389.1K
$340.5K – $454.0K
NOI $27,237 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,174 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Detached duplex with two separate, two-bedroom units, in-unit laundry, and off-street parking for four vehicles.
Where is this duplex located?
The property is located at 343 SUMMER Avenue Horsham, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Detached duplex on 0.66 acres in Horsham Township, Hatboro‑Horsham School District; conveyed fully occupied for rental income.; Off‑street parking for four vehicles plus a large, level backyard on a quiet street.; Apartment A: two bedrooms and full bath with interior access to the full basement; includes separate heating/hot water and in‑unit laundry.
