Modern 6-Unit Apartment
For Sale
$2,000,000
812 Broad Street, Milford, PA 18337
MULTI_FAMILY - Milford, PA
Property Size9,000 SF
Lot Size1.14 Acres
Price / SF$222.22
Days on Market58
Property Features for 812 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
12
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 12, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 12, Bathroom 9, Bedroom 8, Bathroom 11, Bathroom 7, Bedroom 4, Bathroom 10, Bedroom 3, Bedroom 10, Bedroom 9, Bathroom 8, Bathroom 3, Bedroom 2, Bedroom 11, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 5, Bathroom 2
Parking features
Parking Lot
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Walk-In Closet(s), Storage, Recessed Lighting
Exterior features
Storage
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Directions
US - 6 toward Milford , Right turn onto Constitution Ave.. Follow to end of street.
Standard status
Active
APN
113.01-02-58 000891
Size
9,000 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
18946
Utilities
Cooling system
Separate Meters, Central Air
Building Details
Year built
2019
Floors in Building
3
Number of units
6
Flooring type
Hardwood, Tile
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Chester
(845) 928-8000
Listed By:
Ryan Case · License #RS379058
(845) 699-3543
Added: Jun 12
Changed: Jun 29
Last Checked: Aug 8 at 12:06PM
MLS# PW-262023
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2017, this 6-unit apartment building offers a uniform layout across all residences, each featuring 2 bedrooms, 2 bathrooms, and an included den. The property totals approximately 9,000 square feet. Tenant-paid utilities are handled through separately metered systems, and each unit includes private off-street parking. Interior finishes and amenities noted in the offering include updated fixtures and finishes such as Quartz countertops, custom showers, plastered walls and ceilings, stainless steel appliances, and washer and dryer units with spare utility room space within each unit. Exterior updates include Trex decking for outdoor space.
Located at 812 Broad Street in Milford, Pike County, Pennsylvania, the building is described as being in the village of Milford, with a 5-minute walk to local shops and eateries noted in the materials provided. The offering also states the building is currently 100% occupied, with all six units fully tenanted at the time of sale.
This property is a strong fit for investors or owner-operators seeking modern multifamily construction with consistent unit configuration and separately metered utilities designed to reduce landlord utility management. With private off-street parking and a 2017-vintage building profile, it provides a straightforward operating model built around tenant-paid utility service and repeatable 2BR/2BA-plus-den layouts.
Located at 812 Broad Street in Milford, Pike County, Pennsylvania, the building is described as being in the village of Milford, with a 5-minute walk to local shops and eateries noted in the materials provided. The offering also states the building is currently 100% occupied, with all six units fully tenanted at the time of sale.
This property is a strong fit for investors or owner-operators seeking modern multifamily construction with consistent unit configuration and separately metered utilities designed to reduce landlord utility management. With private off-street parking and a 2017-vintage building profile, it provides a straightforward operating model built around tenant-paid utility service and repeatable 2BR/2BA-plus-den layouts.
Key Highlights
- 6‑unit apartment building with all units configured as 2 bed / 2 bath
- Approximately 9,000 SF building with private off‑street parking
- Separately metered utilities (tenant‑paid) with central air and separate meters
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
$88,779
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
4.44%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
758
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2017 with uniform 2BR/2BA layouts, den space, and separately metered utilities for tenant-paid operations.
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: 6‑unit apartment building with all units configured as 2 bed / 2 bath; Approximately 9,000 SF building with private off‑street parking; Separately metered utilities (tenant‑paid) with central air and separate meters
