Leased Residential Income
514-530 GRAVEL PIKE Collegeville, PA 19426
For Sale
$2,550,000
Pending
MULTI_FAMILY - COLLEGEVILLE, PA
Property Size10,580 SF
Lot Size2.81 Acres
Days on Market430
Property Features for 514-530 GRAVEL PIKE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Pending
- Size
- 10,580 SF
- Lot size
- 2.81 Acres
Building Details
- Year built
- 1940
Listing Agency:
BHHS Fox & Roach Wayne-Devon Sales Office
(610) 651-2700
Listed By:
Bob Kline CRS · License #AB060459L
(610) 804-9716
Added: May 20, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:06PM
MLS# PAMC2141186
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Perkiomen Creek Village is a leased residential income community made up of 12 units across eight buildings set on 2.81 acres. The mix includes six single cottage homes, a twin/duplex, and a four-unit main house. Each unit is separately metered with 100-amp electric service, and units are served by public sewer and on-site well water. Heating and hot water are provided via gas heat and hot water for the majority of units, with one unit using oil heat and four units using electric hot water.
The community offers in-unit appliances including washer, dryer, dishwasher, gas range, and refrigerator. Several units have private basements, including the cottages, waterfront house, and twin/duplex units, while the quad uses a shared basement. The six single homes were fully renovated in 2023, with improvements including granite counters, stainless steel appliances, new cabinets, LVP flooring, and new HVAC with central air.
Additional updates include repainting and LVP installation for the twin/duplex units in June 2025.
The community offers in-unit appliances including washer, dryer, dishwasher, gas range, and refrigerator. Several units have private basements, including the cottages, waterfront house, and twin/duplex units, while the quad uses a shared basement. The six single homes were fully renovated in 2023, with improvements including granite counters, stainless steel appliances, new cabinets, LVP flooring, and new HVAC with central air.
Additional updates include repainting and LVP installation for the twin/duplex units in June 2025.
Key Highlights
- Cluster of 12 units in 8 buildings on 2.81 acres in Perkiomen Creek Village
- Reported 7.4% CAP rate; complex is 100% leased
- 6 single homes were fully renovated in 2023 with granite counters, S/S appliances, new cabinets, LVP flooring, and new HVAC w/ C/A
Financial Insights For Apartment 5plus
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 | $276.8k | $26.16 |
| − Vacancy | −$16.9k | −$1.60 |
| EGI | $259.9k | $24.56 |
| − OpEx | −$117.0k | −$11.05 |
| NOI | $142.9k | $13.51 |
10,580 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,939 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.09M
$5.33M – $7.10M
NOI $426,001 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multifamily property featuring 12 separately metered units in multiple cottage-style buildings on well and public sewer.
Where is this apartment building located?
The property is located at 514-530 GRAVEL PIKE Collegeville, PA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Cluster of 12 units in 8 buildings on 2.81 acres in Perkiomen Creek Village; Reported 7.4% CAP rate; complex is 100% leased; 6 single homes were fully renovated in 2023 with granite counters, S/S appliances, new cabinets, LVP flooring, and new HVAC w/ C/A
