C-3 Zoned Quadplex
For Sale
$650,000
3808 MAIN STREET, Morgantown, PA 19543
Four-unit residential rental on a C-3 Highway Commercial site near a busy intersection and traffic light.
Property Size2,980 SF
Lot Size0.47 Acres
Price / SF$218.12
Days on Market101
Property Features for 3808 MAIN STREET
General Information
Standard status
Active
Size
2,980 SF
Lot size
0.47 Acres
Property subtype
Commercial
Zoning
C-3 Highway Commercial
Additional Details
Multifamily Units
4
Building Details
Year Built
1955
Listing Agency:
Century 21 Gold
(610) 779-2500
Listed By:
Joshua J Haines · License #RS322462
(610) 898-6268
Source:
Cummingsrealtors
Added: Jul 24
Changed: Oct 31
Last Checked: Nov 1 at 5:49AM
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 Century 21 Gold
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Investment Insights
Based on property information with market context.
This quadplex is currently configured as a 4-unit residential rental property. The property sits on 0.47 acres and offers flexible options for buyers looking to retain the existing residential setup or explore other uses subject to zoning requirements.
Located very close to a busy intersection with a traffic light, the site benefits from convenient access and high visibility for prospective tenants or customers. The property is zoned C-3 Highway Commercial, and the seller notes that you should inquire for additional information regarding potential uses.
Offered for sale at $750,000, this is a multi-family income property with highway commercial zoning that may support a residential or mixed-use direction, depending on approvals.
Located very close to a busy intersection with a traffic light, the site benefits from convenient access and high visibility for prospective tenants or customers. The property is zoned C-3 Highway Commercial, and the seller notes that you should inquire for additional information regarding potential uses.
Offered for sale at $750,000, this is a multi-family income property with highway commercial zoning that may support a residential or mixed-use direction, depending on approvals.
Key Highlights
- 4‑unit residential rental property on a 0.47‑acre site
- Year built: 1955
- Zoned C‑3 Highway Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,379
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,580
$587.6K
Cap Rate 7%
$419,700
$419.7K
Cap Rate 9%
$326,433
$326.4K
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$43.6K $14.64/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$42.0K $14.08/SF
− OpEx
−$12.6K −$4.23/SF
NOI
$29.4K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,580
Cap Rate 7%
$419,700
Cap Rate 9%
$326,433
Alternative Uses
Best Use
Multifamily LT 5
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$366.8K
$321.0K – $428.0K
NOI $25,679 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$489.2K
$428.1K – $570.7K
NOI $34,244 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
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Business Placement
Demographics for 19543, PA
6,256
Population
2,075
Households
3
Avg Household Size
38
Median Age
40%
College-Educated
93%
High-School Grad
21.4 sq mi
ZIP Area
292
Density / Sq Mi
$111,917
Median Household Income
$58,231
Median Earnings
$1,273
Median Rent
$335,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential rental on a C-3 Highway Commercial site near a busy intersection and traffic light.
Where is this quadplex located?
The property is located at 3808 MAIN STREET Morgantown, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4‑unit residential rental property on a 0.47‑acre site; Year built: 1955; Zoned C‑3 Highway Commercial
