Four-Unit Brick
For Sale
$775,000
434 W Walnut St, North Wales, PA 19454
Occupied residences include on-site laundry, a detached garage, and surface parking.
Property Size3,310 SF
Price / SF$234.14
Days on Market52
Property Features for 434 W Walnut St
General Information
Standard status
Active
Size
3,310 SF
Total Parking Spaces
7
Property subtype
Multi-Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
opportunities for thoughtful interior updates
Units
Unit Mix
3 x 1BR, 1 x 2BR + den
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
coin-operated on-site laundry
Building Details
Year Built
1900
Construction
brick
Abandoned
No
Listing Agency:
TCS Management, LLC
Listed By:
Alex C Prince · License #RS322309
(215) 431-5652
Source:
Upgradebymichaud
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 24 at 8:13PM
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 TCS Management, LLC
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Investment Insights
Based on property information with market context.
This 3,310-square-foot brick quadplex, built in 1900, contains four occupied residences: three one-bedroom units and one two-bedroom unit with a den. The property includes a detached two-car garage, five surface parking spaces, and coin-operated laundry on site. Interior improvement potential includes kitchens, bathrooms, flooring, and fixtures.
Located at 434 W Walnut St in North Wales Borough, the property offers access to major roadways and SEPTA’s North Wales Station. Its unit mix, parking, garage, and on-site laundry provide a practical configuration for a multifamily property in an established borough setting.
Located at 434 W Walnut St in North Wales Borough, the property offers access to major roadways and SEPTA’s North Wales Station. Its unit mix, parking, garage, and on-site laundry provide a practical configuration for a multifamily property in an established borough setting.
Key Highlights
- Four occupied units: three one‑bedroom residences and one two‑bedroom residence with a den
- 3,310 square feet on a 0.19‑acre parcel
- Detached two‑car garage plus five surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,094
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,880
$961.9K
Cap Rate 7%
$687,057
$687.1K
Cap Rate 9%
$534,378
$534.4K
Market Conditions
NOI Build-Up for 3,310 SF
Gross rent
$73.5K $22.20/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$68.7K $20.76/SF
− OpEx
−$20.6K −$6.23/SF
NOI
$48.1K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,880
Cap Rate 7%
$687,057
Cap Rate 9%
$534,378
Alternative Uses
Best Use
Multifamily LT 5
$687.1K
$601.2K – $801.6K
NOI $48,094 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$638.8K
$559.0K – $745.3K
NOI $44,719 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,276 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 19454, PA
28,833
Population
11,212
Households
2.6
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
2,344
Density / Sq Mi
$114,323
Median Household Income
$61,287
Median Earnings
$1,762
Median Rent
$438,200
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 - Occupied residences include on-site laundry, a detached garage, and surface parking.
Where is this quadplex located?
The property is located at 434 W Walnut St North Wales, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four occupied units: three one‑bedroom residences and one two‑bedroom residence with a den; 3,310 square feet on a 0.19‑acre parcel; Detached two‑car garage plus five surface parking spaces
