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    7640 TOHICKON HILL Road Point Pleasant, PA 18950

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    For Sale
    $1,975,000

    MULTI_FAMILY - Contemporary - POINT PLEASANT, PA

    Property size:
    5,000 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $395/SF
    Added:
    Sep 30, 2025
    Days on Market:
    212
    Last Refresh:
    Apr 29 at 6:06 pm

    Property Features for 7640 TOHICKON HILL Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway
    Interior features
    Primary Bath(s), Skylight(s), Ceiling Fan(s), WhirlPool/HotTub
    Appliances
    Range Hood, Washer, Dryer, Dishwasher
    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10141

    Utilities

    Heating system
    Radiant, Zoned, Other (Heating), Baseboard, Electric (Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    1975
    Number of units
    4
    Building materials
    Wood Siding
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Dana Lansing

    Listing agent Dana Lansing License #RS273236

    Listing office Kurfiss Sotheby's International Realty 6038 Lower York Road, New Hope, PA

    Listing date Sep 30, 2025

    MLS# PABU2106442 Listing URL

    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.

    Overview

    Bucks County Multi-Unit Property

    This Bucks County property features four units, offering possibilities for creative living, extended family, or entrepreneurial ventures. Situated on a hillside, the estate provides panoramic nature views and seasonal glimpses of the Delaware River. The main house is a modern, spacious 3-bedroom home with views overlooking the river valley. The carriage house includes a garage and studio above. The gable house is a 2-bedroom dwelling full of character, suitable for income production or accommodating extended family and guests. The barn house is a versatile building featuring a studio apartment and a 2-bedroom apartment, ideal for rentals, workspaces, or artist residencies. The property is suited for multi-generational families, collaborative households, or those seeking live/work flexibility. It offers space to create, host, or generate income. The property is located a short walk from the Delaware River and the riverside village of Point Pleasant, with direct access to the towpath for biking and hiking. Nearby are the cultural scenes of Frenchtown, NJ, New Hope, PA, and Doylestown, PA. Commute time is under 2 hours to NYC, 80 minutes to Philadelphia, and 50 minutes to Princeton.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pyramid Studios Art Gallery

    Suggested Use

    Law Firm Gym & Fitness Center Bar & Pub Electrical Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Point Pleasant
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.068637
    Latitude
    40.423353

    FAQs

    What type of property is this?
    Apartment building - Four-unit property with flexible spaces and income-producing potential.
    Where is this apartment building located?
    The property is located at 7640 TOHICKON HILL Road Point Pleasant, PA.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: Four unique residences offer flexible living arrangements.; Panoramic views of nature and seasonal glimpses of the Delaware River.; Income‑producing potential through the Gable House and Barn House apartments.
    (267) 422-7371
    We can help!
    Listing Contact
    Dana Lansing
    Real Estate License ID: RS273236
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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