Residential Income
624 West Bridge Street Morrisville, PA 19067
624 West Bridge Street, Morrisville, PA, 19067
$249,900
For Sale
$249,900
Duplex with two residential units, rear shared parking, and recent interior updates on the first floor.
Property Size1,228 SF
Price / SF$203.50
Days on Market105
Property Features for 624 West Bridge Street
General Information
- Standard status
- Active
- Size
- 1,228 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1923
Listing agency
Anthony Messina Real Estate, LLC
(215) 820-8669
Listed by
Janine A. Allan · License #RM424999
(215) 820-8669
Source
Compass
Added: Apr 8 Updated: Jul 20 at 5:39PM Checked: Jul 20 at 5:39PM
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 Anthony Messina Real Estate, LLC
Investment Insights
Based on property information with market context.
This duplex residential income property includes two units. The first-floor unit features fresh paint, cleaned carpeting, updated kitchen finishes, and a newly refinished bathroom tub with new toilet and new flooring. The first-floor bedroom is described as move-in ready, and the unit is noted as having a tenant in place for April 20. The second-floor unit is a one-bedroom arrangement with month-to-month occupancy.
A rear parking lot is shared, with parking available on a first-come, first-served basis.
The property is located in Morrisville Borough, within the Morrisville Borough School District.
A rear parking lot is shared, with parking available on a first-come, first-served basis.
The property is located in Morrisville Borough, within the Morrisville Borough School District.
Key Highlights
- Duplex with two residential units in Morrisville Borough (10124), Bucks County
- First‑floor unit has fresh paint, cleaned carpeting, and windows for natural sunlight
- First‑floor kitchen updates include new cabinetry, granite countertops, subway tile backsplash, and new flooring
Local 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 | $28.6k | $23.28 |
| − Vacancy | −$943 | −$0.77 |
| EGI | $27.6k | $22.51 |
| − OpEx | −$12.4k | −$10.13 |
| NOI | $15.2k | $12.38 |
1,228 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$217.2K
$190.1K – $253.4K
NOI $15,204 @ 7.0% cap · market cap 6.08%
Second Best
Multifamily LT 5
$208.1K
$182.1K – $242.8K
NOI $14,570 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$372.3K
$325.8K – $434.4K
NOI $26,062 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two residential units, rear shared parking, and recent interior updates on the first floor.
Where is this duplex located?
The property is located at 624 West Bridge Street Morrisville, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex with two residential units in Morrisville Borough (10124), Bucks County; First‑floor unit has fresh paint, cleaned carpeting, and windows for natural sunlight; First‑floor kitchen updates include new cabinetry, granite countertops, subway tile backsplash, and new flooring
