Two-Bedroom Residential
For Sale
$300,000
Pending
3940 ASHLAND DRIVE Unit 146, Harleysville, PA 19438
An assigned garage space and elevator access serve this first-floor home with a balcony.
Property Size1,004 SF
Days on Market204
Property Features for 3940 ASHLAND DRIVE Unit 146
General Information
Standard status
Pending
Size
1,004 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,652
Building Details
Building Size
1,004 SF
Year Built
2013
Listing Agency:
BHHS Keystone Properties
Listed By:
Reeves C Miller · License #RM048821A
(267) 866-2119
Source:
Thejrsrealtygroup
Added: Apr 14
Changed: Nov 3
Last Checked: Nov 3 at 8:53AM
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 BHHS Keystone Properties
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Investment Insights
Based on property information with market context.
This 1,004-square-foot, first-floor residence was built in 2013 and has two bedrooms and two bathrooms. The living and dining areas connect to a balcony, while the kitchen features granite countertops and ample cabinetry. The primary bedroom has a walk-in closet and private bathroom; the second bedroom includes a ceiling fan. Elevator access serves the building and garage parking area, where the unit has an assigned space.
Restaurants and shops in Skippack’s historic village are within easy walking distance, and the community exit opens into downtown Skippack.
Restaurants and shops in Skippack’s historic village are within easy walking distance, and the community exit opens into downtown Skippack.
Key Highlights
- 1,004 square feet with two bedrooms and two bathrooms
- Built in 2013
- First‑floor layout with balcony access from the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,564
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,280
$271.3K
Cap Rate 7%
$193,771
$193.8K
Cap Rate 9%
$150,711
$150.7K
Market Conditions
NOI Build-Up for 1,004 SF
Gross rent
$26.3K $26.16/SF
− Vacancy
−$1.6K −$1.60/SF
EGI
$24.7K $24.56/SF
− OpEx
−$11.1K −$11.05/SF
NOI
$13.6K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,280
Cap Rate 7%
$193,771
Cap Rate 9%
$150,711
Alternative Uses
Best Use
Apartment 5plus
$193.8K
$169.6K – $226.1K
NOI $13,564 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$577.5K
$505.3K – $673.8K
NOI $40,426 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
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Business Placement
Demographics for 19438, PA
25,134
Population
9,572
Households
2.6
Avg Household Size
44
Median Age
52%
College-Educated
97%
High-School Grad
22.2 sq mi
ZIP Area
1,132
Density / Sq Mi
$138,955
Median Household Income
$67,748
Median Earnings
$1,697
Median Rent
$455,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An assigned garage space and elevator access serve this first-floor home with a balcony.
Where is this residential income property located?
The property is located at 3940 ASHLAND DRIVE Unit 146 Harleysville, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,004 square feet with two bedrooms and two bathrooms; Built in 2013; First‑floor layout with balcony access from the living area
