Turn-Key Triplex Investment
407 Castello Avenue, Hatboro, PA 19040
New
Well-maintained, income-producing triplex with recent renovations and ample parking.
Type:Multi-Family / Fee Simple
Property size:
3,789 SFPrice / SF:
$211/SF- Added:
- May 21, 2026
- Days on Market:
- 6
- Last Refresh:
- May 21 at 10:40 am
Property Features for 407 Castello Avenue
General Information
- Standard status
- Active
- Size
- 3,789 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1938
Listing agent Emily Ann Bartolillo License #RS354497 (267) 718-6714
Listing office RE/MAX Centre Realtors (267) 718-6714
Listing date May 21, 2026
Source Compass
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 RE/MAX Centre Realtors
HighLights
- Income‑producing triplex with strong rental potential.
- Turn‑key investment opportunity with a fully renovated, move‑in ready vacant unit.
- Each unit has dedicated laundry and private basement storage.
- New roof and ample parking.
- Two units are renovated with new windows, flooring, bathrooms, and appliances.
- Unit C offers a spacious 3‑bedroom layout with a front porch and enclosed sunroom.
Overview
This well-maintained triplex presents a turn-key investment opportunity. The property features a new roof, new private storage areas, dedicated laundry for each unit, and ample parking. Two of the three units are currently occupied, while the vacant unit has been fully renovated and is move-in ready. Unit C, located on the main level, features 3 bedrooms and 1 full bath, offering a spacious layout with the feel of a single-family home, a front porch and enclosed sunroom, a large family room and dining room, an eat-in kitchen, three generously sized bedrooms, dedicated basement storage, and a private laundry room. Unit B, on the second level, includes 2 bedrooms and 1 full bath, and has been completely renovated with brand new windows, fresh paint, brand new luxury vinyl plank flooring, a brand-new full bathroom, new appliances, dedicated basement storage, and a private laundry room. Unit A, also on the second level, features 2 bedrooms and 1 full bath, and has been completely renovated with brand new windows, brand new luxury vinyl plank flooring, a brand new full bath, new appliances, converted attic space used as a second bedroom and walk-in closet, dedicated basement storage, and a private laundry room. Additional features include driveway and street parking and a private yard area. The property is located in a desirable neighborhood within Upper Moreland Township. The property falls within the HATBORO-HORSHAM School District.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$611.7K
NOI $55,054 @ 9.00% cap · cautious / downside scenario
Moderate
$786.5K
NOI $55,054 @ 7.00% cap · market / base-case scenario
Aggressive
$1.10M
NOI $55,054 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.1k | $22.20 |
| − Vacancy | −$5.5k | −$1.44 |
| EGI | $78.6k | $20.76 |
| − OpEx | −$23.6k | −$6.23 |
| NOI | $55.1k | $14.53 |
3,789 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$786.5K
$688.2K – $917.6K
NOI $55,054 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$731.3K
$639.9K – $853.2K
NOI $51,191 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,563 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Hatboro
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.118164
- Latitude
- 40.17358
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained, income-producing triplex with recent renovations and ample parking.
Where is this triplex located?
The property is located at 407 Castello Avenue Hatboro, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Income‑producing triplex with strong rental potential.; Turn‑key investment opportunity with a fully renovated, move‑in ready vacant unit.; Each unit has dedicated laundry and private basement storage.
