4-Unit Apartment
For Sale
$890,000
8 Hillside Ave, Mohnton, PA 19540
Two residences were added in 2022, and the other units have since been updated.
Property Size4,272 SF
Price / SF$208.33
Days on Market8
Property Features for 8 Hillside Ave
General Information
Standard status
Active
Size
4,272 SF
Property subtype
Residential Income
Additional Details
Asking Price
$890,000
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,526
Listing Agency:
Stoltzfus Realtors
(610) 286-5117
Listed By:
Keith A DeWalt · License #RM419264
(610) 476-1034
Source:
Exprealty
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 3 at 3:01PM
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 Stoltzfus Realtors
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Investment Insights
Based on property information with market context.
This four-unit apartment property at 8 Hillside Ave in Mohnton contains 4,272 square feet. Two units date to 2022; the other two have received recent updates. Additional building area is also present, with any proposed use subject to zoning and permitted-use review by Mohnton Borough.
Reported property expenses include real estate taxes, insurance, water, sewer, trash, lawn care, and snow removal. The reported capitalization rate is 7.46%.
Reported property expenses include real estate taxes, insurance, water, sewer, trash, lawn care, and snow removal. The reported capitalization rate is 7.46%.
Key Highlights
- Four apartment units in 4,272 square feet
- Two units date to 2022; the other units have been recently updated
- Additional building area, with proposed uses subject to Mohnton Borough zoning and permitted‑use review
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,116
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,320
$842.3K
Cap Rate 7%
$601,657
$601.7K
Cap Rate 9%
$467,956
$468.0K
Market Conditions
NOI Build-Up for 4,272 SF
Gross rent
$62.5K $14.64/SF
− Vacancy
−$2.4K −$0.56/SF
EGI
$60.2K $14.08/SF
− OpEx
−$18.0K −$4.23/SF
NOI
$42.1K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,320
Cap Rate 7%
$601,657
Cap Rate 9%
$467,956
Alternative Uses
Best Use
Multifamily LT 5
$601.7K
$526.5K – $701.9K
NOI $42,116 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$525.9K
$460.2K – $613.5K
NOI $36,812 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$701.3K
$613.6K – $818.2K
NOI $49,090 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
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Business Placement
Demographics for 19540, PA
11,861
Population
4,515
Households
2.6
Avg Household Size
46
Median Age
32%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
337
Density / Sq Mi
$96,066
Median Household Income
$49,889
Median Earnings
$999
Median Rent
$290,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two residences were added in 2022, and the other units have since been updated.
Where is this quadplex located?
The property is located at 8 Hillside Ave Mohnton, PA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Four apartment units in 4,272 square feet; Two units date to 2022; the other units have been recently updated; Additional building area, with proposed uses subject to Mohnton Borough zoning and permitted‑use review
