Occupied 3-Unit
For Sale
$750,000
350 ELMHURST Avenue, Sellersville, PA 18960
Multi-Family, SELLERSVILLE, PA
Property Size3,360 SF
Lot Size0.41 Acres
Price / SF$223.21
Days on Market92
Property Features for 350 ELMHURST Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
10
Parking features
Garage - Attached, Driveway
Fireplace
1
Elementary school district
PENNRIDGE
Middle school district
PENNRIDGE
High school district
PENNRIDGE
Standard status
Active
Size
3,360 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
7937
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Ceiling Fan(s)
Building Details
Year built
1990
Number of units
3
Building materials
Frame, Brick, Vinyl Siding
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Nisan Miah · License #RS375158
(267) 399-6225
Added: May 30
Changed: Aug 19
Last Checked: Aug 29 at 5:06AM
MLS# PABU2121854
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 3,360-square-foot triplex contains three occupied apartments in a frame, brick, and vinyl-sided building constructed in 1990. The primary first-floor residence includes two bedrooms, hardwood flooring, a brick fireplace, front porch access, a galley kitchen, basement access, and use of Garage #1. The second apartment mirrors the main layout and adds carpeting, ceiling fans, generous closet space, and electric cooking. Above the garage, the one-bedroom third unit offers a walk-in closet, galley kitchen, and in-unit washer and dryer.
The property occupies 0.4132 acres in Sellersville Borough and includes a new driveway with parking for up to 8 vehicles, an attached garage, public water, and public sewer. Shopping, schools, the library, and major commuter routes are accessible from the property, which is within the Pennridge School District. Township approval has been obtained to convert the garage into an additional two-bedroom unit.
The property occupies 0.4132 acres in Sellersville Borough and includes a new driveway with parking for up to 8 vehicles, an attached garage, public water, and public sewer. Shopping, schools, the library, and major commuter routes are accessible from the property, which is within the Pennridge School District. Township approval has been obtained to convert the garage into an additional two-bedroom unit.
Key Highlights
- Three occupied apartments totaling 3,360 square feet
- 0.4132‑acre property in Sellersville Borough within the Pennridge School District
- New driveway with parking for up to 8 vehicles
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
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
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 - Three occupied apartments with an attached garage, driveway parking, and public water and sewer.
Where is this triplex located?
The property is located at 350 ELMHURST Avenue 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 occupied apartments totaling 3,360 square feet; 0.4132‑acre property in Sellersville Borough within the Pennridge School District; New driveway with parking for up to 8 vehicles
