Triplex With Detached
For Sale
$519,900
Pending
716 FAIRHILL ROAD, Hatfield, PA 19440
Separate electric meters and private laundry hookups support practical apartment operations.
Property Size3,108 SF
Days on Market14
Property Features for 716 FAIRHILL ROAD
General Information
Standard status
Pending
Size
3,108 SF
Property subtype
Triplex
Units
Unit Mix
1 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
3
Building Details
Year Built
1909
Listing Agency:
RE/MAX 440 - Perkasie
(215) 453-7653
Listed By:
Thomas E. Skiffington · License #RM051427A
(215) 453-7653
Source:
Cummingsrealtors
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 24 at 5:00AM
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 RE/MAX 440 - Perkasie
Investment Insights
Based on property information with market context.
This multifamily property contains three apartments with a one-bedroom, two-bedroom, and three-bedroom configuration. The units include private laundry hookups and individual electric meters, while updated kitchens, bathrooms, flooring, carpeting, windows, and heating equipment contribute to the property’s ongoing functionality. Apartment 1 includes basement access, an eat-in kitchen, bedroom, office, and updated bathroom. Apartment 2 offers an eat-in kitchen, living room, updated bath, and three bedrooms. Storage is available in the basement and upper level.
The property at 716 Fairhill Road in Hatfield, PA, includes a detached two-car garage with an opener and a large parking lot. The location is described as near major routes, shopping, and a school. Built in 1909, the property provides a varied unit mix with additional garage and parking improvements.
The property at 716 Fairhill Road in Hatfield, PA, includes a detached two-car garage with an opener and a large parking lot. The location is described as near major routes, shopping, and a school. Built in 1909, the property provides a varied unit mix with additional garage and parking improvements.
Key Highlights
- Three apartments with one-, two-, and three‑bedroom layouts
- 3,108‑square‑foot multifamily property built in 1909
- Detached 2‑car garage with opener
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
$45,159
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
8.69%
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%
$903,180
$903.2K
Cap Rate 7%
$645,129
$645.1K
Cap Rate 9%
$501,767
$501.8K
Market Conditions
NOI Build-Up for 3,108 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
$69.0K $22.20/SF
− Vacancy
−$4.5K −$1.44/SF
EGI
$64.5K $20.76/SF
− OpEx
−$19.4K −$6.23/SF
NOI
$45.2K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$903,180
Cap Rate 7%
$645,129
Cap Rate 9%
$501,767
Alternative Uses
Best Use
Multifamily LT 5
$645.1K
$564.5K – $752.7K
NOI $45,159 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$599.9K
$524.9K – $699.8K
NOI $41,990 @ 7.0% cap · market cap 8.08%
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.09M
NOI $125,143 @ 7.0% cap · market cap 24.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 19440, PA
19,683
Population
7,635
Households
2.6
Avg Household Size
43
Median Age
47%
College-Educated
95%
High-School Grad
11.3 sq mi
ZIP Area
1,742
Density / Sq Mi
$101,654
Median Household Income
$53,118
Median Earnings
$1,391
Median Rent
$413,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate electric meters and private laundry hookups support practical apartment operations.
Where is this triplex located?
The property is located at 716 FAIRHILL ROAD Hatfield, PA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Three apartments with one-, two-, and three‑bedroom layouts; 3,108‑square‑foot multifamily property built in 1909; Detached 2‑car garage with opener
