Turn-Key Triplex Investment Opportunity

407 Castello Avenue Hatboro, PA 19040

Claim this Listing
For Sale
$800,000

Well-maintained, income-producing triplex with recent renovations and ample parking.

Type:Multi-Family / Fee Simple
Property size:
3,789 SF
Price / SF:
$211/SF
Added:
May 21, 2026
Days on Market:
52
Last Refresh:
Jul 3 at 5:39 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 office RE/MAX Centre Realtors

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


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

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.

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 Uses

Best Use
Multifamily LT 5
$786.5K
$688.2K – $917.6K (±1% cap)
NOI $55,054 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$731.3K
$639.9K – $853.2K (±1% cap)
NOI $51,191 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M (±1% cap)
NOI $152,563 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Spa & Massage Center Storage Facility Garden Center Cafe & Coffee Shop Hair Salon Daycare Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

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.
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