Three-Unit Triplex with
New
For Sale
$750,000
350 ELMHURST AVE, Sellersville, PA 18960
Fully occupied residential income property with an attached garage, public utilities, and on-site parking.
Property Size3,360 SF
Price / SF$223.21
Days on Market2
Property Features for 350 ELMHURST AVE
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multi-Family
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Nisan Miah · License #RS375158
(267) 399-6225
Source:
Hostetterrealty
Added: Sep 7
Last Checked: Sep 7 at 2:39PM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This 3,360-square-foot triplex contains two two-bedroom units and a one-bedroom apartment above the garage. The first-floor residence includes hardwood flooring, a brick fireplace with hearth, front-porch access, a galley kitchen, basement access, and Garage #1 with an electric opener. The second apartment offers carpeting, ceiling fans, generous closet space, and a galley kitchen. The upper unit includes a walk-in closet, galley kitchen, and in-unit washer and dryer. Washer and dryer hookups are also available in the basement.
All three units are occupied by long-term tenants. The property includes an attached garage, a new driveway with parking for up to 8 vehicles, public water and sewer, and access to shopping, schools, a library, and major commuter routes. Township approval has been obtained to convert the garage into an additional two-bedroom unit. The property is located in Sellersville Borough within the Pennridge School District.
All three units are occupied by long-term tenants. The property includes an attached garage, a new driveway with parking for up to 8 vehicles, public water and sewer, and access to shopping, schools, a library, and major commuter routes. Township approval has been obtained to convert the garage into an additional two-bedroom unit. The property is located in Sellersville Borough within the Pennridge School District.
Key Highlights
- Three‑unit triplex with 3,360 square feet of building area
- All units occupied by long‑term tenants
- Two two‑bedroom units plus one one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,602
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$832,040
$832.0K
Cap Rate 7%
$594,314
$594.3K
Cap Rate 9%
$462,244
$462.2K
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$78.2K $23.28/SF
− Vacancy
−$2.6K −$0.77/SF
EGI
$75.6K $22.51/SF
− OpEx
−$34.0K −$10.13/SF
NOI
$41.6K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$832,040
Cap Rate 7%
$594,314
Cap Rate 9%
$462,244
Alternative Uses
Best Use
Apartment 5plus
$594.3K
$520.0K – $693.4K
NOI $41,602 @ 7.0% cap · market cap 5.55%
Second Best
Multifamily LT 5
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.02M
$891.4K – $1.19M
NOI $71,310 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 18960, PA
13,561
Population
5,264
Households
2.6
Avg Household Size
44
Median Age
40%
College-Educated
96%
High-School Grad
19.1 sq mi
ZIP Area
710
Density / Sq Mi
$103,594
Median Household Income
$52,215
Median Earnings
$1,361
Median Rent
$373,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied residential income property with an attached garage, public utilities, and on-site parking.
Where is this triplex located?
The property is located at 350 ELMHURST AVE Sellersville, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,360 square feet of building area; All units occupied by long‑term tenants; Two two‑bedroom units plus one one‑bedroom apartment
