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 Market62
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:
Silvio Perez · License #NY10401347944
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 7:10PM
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
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 = 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
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
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 - 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
