Updated Two-Unit
New
For Sale
$650,000
63 WILSON AVENUE, Warminster, PA 18974
Two occupied three-bedroom residences provide established rental activity, with tenants covering utilities other than water.
Property Size3,102 SF
Price / SF$209.54
Days on Market4
Property Features for 63 WILSON AVENUE
General Information
Standard status
Active
Size
3,102 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Gross Income
$56,400
Tenant in Place
Yes
Building Details
Year Built
1920
Listing Agency:
Innovate Real Estate
(267) 367-6626
Listed By:
Amanda Moeser · License #RS336042
(215) 495-5913
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:44PM
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 Innovate Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two updated units, each with three bedrooms. The 3,102-square-foot property is situated on a corner lot, and both residences are tenant-occupied.
The owner pays for water; tenants are responsible for the remaining utilities. The property is located in Ivyland Borough, within a neighborhood described as historic.
The owner pays for water; tenants are responsible for the remaining utilities. The property is located in Ivyland Borough, within a neighborhood described as historic.
Key Highlights
- Two updated units, each with 3 bedrooms
- 3,102‑square‑foot duplex built in 1920
- Both units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,407
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,140
$768.1K
Cap Rate 7%
$548,671
$548.7K
Cap Rate 9%
$426,744
$426.7K
Market Conditions
NOI Build-Up for 3,102 SF
Gross rent
$72.2K $23.28/SF
− Vacancy
−$2.4K −$0.77/SF
EGI
$69.8K $22.51/SF
− OpEx
−$31.4K −$10.13/SF
NOI
$38.4K $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 Rate 5%
$768,140
Cap Rate 7%
$548,671
Cap Rate 9%
$426,744
Alternative Uses
Best Use
Apartment 5plus
$548.7K
$480.1K – $640.1K
NOI $38,407 @ 7.0% cap · market cap 5.91%
Second Best
Multifamily LT 5
$525.8K
$460.1K – $613.4K
NOI $36,806 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$940.5K
$822.9K – $1.10M
NOI $65,835 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 18974, PA
42,507
Population
17,970
Households
2.4
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
2,158
Density / Sq Mi
$99,724
Median Household Income
$57,726
Median Earnings
$1,634
Median Rent
$407,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied three-bedroom residences provide established rental activity, with tenants covering utilities other than water.
Where is this duplex located?
The property is located at 63 WILSON AVENUE Warminster, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two updated units, each with 3 bedrooms; 3,102‑square‑foot duplex built in 1920; Both units are tenant‑occupied
