Turnkey Mixed-Use Income
507 Delaware Ave Mount Bethel, PA 18343
For Sale
$550,000
Turnkey building with four residential units and an occupied storefront, all currently rented.
Property Size4,500 SF
Price / SF$122.22
Days on Market90
Property Features for 507 Delaware Ave
General Information
Standard status
Active
Size
4,500 SF
Listing Agency:
Realty Solutions of Pa
(610) 349-5059
Listed By:
Faith Sarisky
(610) 349-5059
Source:
Exprealty
Added: May 1
Changed: Jul 27
Last Checked: Jul 27 at 11:48PM
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 Realty Solutions of Pa
Investment Insights
Based on property information with market context.
This turnkey, income-producing property contains five total units, including three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a chocolate shop. The building is maintained with documented recent upgrades, including new electrical panel boxes in the three second-floor units, new flooring in the hall, upgraded lighting in the second-floor hallway, and installation of emergency lighting and illuminated exit signs. Additional work includes new electric service at the meter box, sewer pipes in the basement converted to PVC, installed missing GFCI outlets, and handrail and guard rail installations on front and rear/basement steps. Unit 2A was fully remodeled in 2022, and Unit 2C was also remodeled.
The property is described as offering views of the Delaware River and the walking bridge from the second floor, and it is located in Historic Portland.
With all units currently rented and long-term established tenants, the building presents a stabilized residential and retail mix, with approval for a facade improvement grant noted as potentially transferable to a new owner.
The property is described as offering views of the Delaware River and the walking bridge from the second floor, and it is located in Historic Portland.
With all units currently rented and long-term established tenants, the building presents a stabilized residential and retail mix, with approval for a facade improvement grant noted as potentially transferable to a new owner.
Key Highlights
- Income‑producing building with 5 total units: 4 residential apartments plus an occupied commercial storefront
- All units currently rented, including long‑term established tenants
- Residential layout: three 1‑bedroom units on the second floor and one 2‑bedroom unit on the first floor
Financial Insights For Retail
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 | $54.0k | $12.00 |
| − Vacancy | −$4.2k | −$0.94 |
| EGI | $49.8k | $11.06 |
| − OpEx | −$14.9k | −$3.32 |
| NOI | $34.9k | $7.74 |
4,500 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$497.9K
$435.7K – $580.9K
NOI $34,852 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K
NOI $27,383 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$853.5K
$746.8K – $995.8K
NOI $59,746 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey building with four residential units and an occupied storefront, all currently rented.
Where is this apartment building located?
The property is located at 507 Delaware Ave Mount Bethel, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Income‑producing building with 5 total units: 4 residential apartments plus an occupied commercial storefront; All units currently rented, including long‑term established tenants; Residential layout: three 1‑bedroom units on the second floor and one 2‑bedroom unit on the first floor
