Three-Unit Triplex with
For Sale
$679,900
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$202.35
Days on Market47
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
Changed: Oct 21
Last Checked: Oct 23 at 6:26AM
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
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Investment Insights
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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 / Yr
$41,602
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
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
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 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 6.12%
Second Best
Multifamily LT 5
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.02M
$891.4K – $1.19M
NOI $71,310 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $679,900.
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
