Renovated Duplex with Off-Street
New
For Sale
$550,000
51 S MAIN Street, Quakertown, PA 18951
Multi-Family, QUAKERTOWN, PA
Property Size3,024 SF
Lot Size0.22 Acres
Price / SF$181.88
Days on Market2
Property Features for 51 S MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking
9
Parking features
On Street, Off Street, Driveway
Interior features
Additional Stairway, Bathroom - Stall Shower, Bathroom - Tub Shower, Built-Ins, Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Kitchen - Eat-In, Primary Bath(s), Recessed Lighting, Stove - Wood, Wood Floors
Fireplace
1
Appliances
Built-In Microwave, Dishwasher, Energy Efficient Appliances, Oven - Self Cleaning, Oven/Range - Electric, Stainless Steel Appliances
Subdivision
NONE AVAILABLE
High school
QUAKERTOWN COMMUNITY SENIOR
Elementary school district
QUAKERTOWN COMMUNITY
Middle school district
QUAKERTOWN COMMUNITY
High school district
QUAKERTOWN COMMUNITY
Standard status
Active
Size
3,024 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
4407
Utilities
Heating system
Hot Water(Heating), Other (Heating), Zoned
Cooling system
Ductless
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Colonial
Listing Agency:
Iron Valley Real Estate Legacy
(215) 660-7200
Listed By:
Cheryl Savini · License #RS286330
(610) 217-6420
Added: Sep 10
Last Checked: Sep 11 at 2:06AM
MLS# PABU2130746
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated duplex at 51 S MAIN Street in Quakertown includes 3024 square feet across three stories. The property contains two separate living spaces, with a combined 4 bedrooms and 4 full baths. The first-floor residence features vintage pine flooring, a dining room with built-in bookshelves, a fireplace, wood stove, updated kitchen finishes, laundry facilities, and access to a partially fenced backyard. The second residence includes two bedrooms, an updated kitchen, hardwood flooring, and two third-floor bonus rooms with an additional full bath.
Each apartment is equipped with four mini-split heating and cooling units, supplemented by oil-fired hot-water backup heat. The property also provides basement storage, separate outdoor areas, and off-street parking for up to 7 vehicles. Built in 1920 with masonry construction and Colonial styling, the duplex occupies 0.2231 acres in Bucks County, PA.
Each apartment is equipped with four mini-split heating and cooling units, supplemented by oil-fired hot-water backup heat. The property also provides basement storage, separate outdoor areas, and off-street parking for up to 7 vehicles. Built in 1920 with masonry construction and Colonial styling, the duplex occupies 0.2231 acres in Bucks County, PA.
Key Highlights
- Two‑unit duplex with 3024 square feet across three stories
- 4 bedrooms and 4 full baths
- Four mini‑split heating and cooling units in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$748,840
$748.8K
Cap Rate 7%
$534,886
$534.9K
Cap Rate 9%
$416,022
$416.0K
Market Conditions
NOI Build-Up for 3,024 SF
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.
Gross rent
$70.4K $23.28/SF
− Vacancy
−$2.3K −$0.77/SF
EGI
$68.1K $22.51/SF
− OpEx
−$30.6K −$10.13/SF
NOI
$37.4K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$748,840
Cap Rate 7%
$534,886
Cap Rate 9%
$416,022
Alternative Uses
Best Use
Apartment 5plus
$534.9K
$468.0K – $624.0K
NOI $37,442 @ 7.0% cap · market cap 6.81%
Second Best
Multifamily LT 5
$512.6K
$448.5K – $598.0K
NOI $35,880 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$916.8K
$802.2K – $1.07M
NOI $64,179 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 18951, PA
36,111
Population
14,862
Households
2.4
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
71.7 sq mi
ZIP Area
504
Density / Sq Mi
$95,084
Median Household Income
$49,570
Median Earnings
$1,341
Median Rent
$339,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer updated interiors, separate outdoor areas, and driveway parking in a flexible multifamily property.
Where is this duplex located?
The property is located at 51 S MAIN Street Quakertown, 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: Two‑unit duplex with 3024 square feet across three stories; 4 bedrooms and 4 full baths; Four mini‑split heating and cooling units in each apartment
