Six-Unit Apartment
For Sale
Contact for pricing
812 Broad Street, Milford, PA 18337
Fully occupied residential property with spacious two-bedroom-plus-den homes, private outdoor areas, and 2017 construction.
Property Size9,000 SF
Price / SF$222.22
Days on Market111
Property Features for 812 Broad Street
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$142,107
Financials
Asking Price
$2,000,000
Cap Rate
7.1%
Gross Income
$168,000
Units
Unit Mix
6 x 2BR+den/2BA
Multifamily Units
6
Building Details
Year Built
2017
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
KW Commercial - First in New York
Listed By:
Joseph Distelburger · License #NY 30DI0835053
(845) 344-7170
Source:
Crexi
Added: Jul 2
Changed: Oct 16
Last Checked: Oct 19 at 3:58AM
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 KW Commercial - First in New York
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Investment Insights
Based on property information with market context.
This 9,000-square-foot apartment property contains six residential units completed in 2017. Each home is approximately 1,500 SF with two bedrooms plus a den, two bathrooms, and a private porch or balcony. Interior features include stone countertops, subway-tile kitchen finishes, stainless appliances, and tiled walk-in showers. The building is fully occupied and described as having no deferred maintenance.
All units are residential, creating a straightforward operating profile. The property is reported at a 7.10% acquisition cap rate, and four units currently rent at $2,000, providing a documented opportunity to adjust rents as those residences turn over. The asset is located in Milford, Pike County, Pennsylvania.
All units are residential, creating a straightforward operating profile. The property is reported at a 7.10% acquisition cap rate, and four units currently rent at $2,000, providing a documented opportunity to adjust rents as those residences turn over. The asset is located in Milford, Pike County, Pennsylvania.
Key Highlights
- Six‑unit apartment building with 9,000 SF completed in 2017
- Each residence is approximately 1,500 SF with two bedrooms plus a den and two baths
- Fully occupied across all six units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,779
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,775,580
$1.8M
Cap Rate 7%
$1,268,271
$1.3M
Cap Rate 9%
$986,433
$986.4K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$171.7K $19.08/SF
− Vacancy
−$10.3K −$1.14/SF
EGI
$161.4K $17.94/SF
− OpEx
−$72.6K −$8.07/SF
NOI
$88.8K $9.86/SF
Area
Pike County, PA
Vacancy
6.00%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,775,580
Cap Rate 7%
$1,268,271
Cap Rate 9%
$986,433
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,779 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,740 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 18337, PA
15,519
Population
7,615
Households
2
Avg Household Size
47
Median Age
33%
College-Educated
95%
High-School Grad
71.8 sq mi
ZIP Area
216
Density / Sq Mi
$89,935
Median Household Income
$48,022
Median Earnings
$1,507
Median Rent
$284,200
Median Home Value
Check the figures for this property
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?
Apartment building - Fully occupied residential property with spacious two-bedroom-plus-den homes, private outdoor areas, and 2017 construction.
Where is this apartment building located?
The property is located at 812 Broad Street Milford, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Six‑unit apartment building with 9,000 SF completed in 2017; Each residence is approximately 1,500 SF with two bedrooms plus a den and two baths; Fully occupied across all six units
