Renovated Two-Unit
For Sale
$547,900
947 S Old Bethlehem Pike, Quakertown, PA 18951
Two private-entry units include eat-in kitchens, spacious living areas, dedicated bedrooms, and full bathrooms.
Property Size2,046 SF
Price / SF$267.79
Days on Market9
Property Features for 947 S Old Bethlehem Pike
General Information
Standard status
Active
Size
2,046 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,570
Amenities
large backyard
covered deck
large shed with a workshop
Listing Agency:
RE/MAX Legacy
(215) 822-8200
Listed By:
Brenda L Gelnett · License #RS271845
(215) 822-8200
Source:
Exprealty
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 5:04PM
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 RE/MAX Legacy
Investment Insights
Based on property information with market context.
Located at 947 S Old Bethlehem Pike in Quakertown, this 2,046-square-foot duplex contains two separate residential units. Each unit offers two bedrooms, one full bathroom, a kitchen, a living room, and a private entrance. The interiors have been renovated with updated eat-in kitchens and generously sized living areas.
The basement includes partially completed work for a studio-style space with a 1/4 bathroom featuring a shower and toilet. Exterior features include a large backyard, covered deck, off-street driveway parking, and a shed with workshop space and storage. The property is served by public water, while components for the well remain in place. Showings require 24 hours’ notice due to multiple occupants.
The basement includes partially completed work for a studio-style space with a 1/4 bathroom featuring a shower and toilet. Exterior features include a large backyard, covered deck, off-street driveway parking, and a shed with workshop space and storage. The property is served by public water, while components for the well remain in place. Showings require 24 hours’ notice due to multiple occupants.
Key Highlights
- Two renovated units, each with 2 bedrooms and 1 full bathroom
- 2,046‑square‑foot duplex at 947 S Old Bethlehem Pike, Quakertown, PA
- Private entrances, updated eat‑in kitchens, and large living rooms
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
$25,332
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
4.62%
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%
$506,640
$506.6K
Cap Rate 7%
$361,886
$361.9K
Cap Rate 9%
$281,467
$281.5K
Market Conditions
NOI Build-Up for 2,046 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
$47.6K $23.28/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$46.1K $22.51/SF
− OpEx
−$20.7K −$10.13/SF
NOI
$25.3K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /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%
$506,640
Cap Rate 7%
$361,886
Cap Rate 9%
$281,467
Alternative Uses
Best Use
Apartment 5plus
$361.9K
$316.7K – $422.2K
NOI $25,332 @ 7.0% cap · market cap 4.62%
Second Best
Multifamily LT 5
$346.8K
$303.5K – $404.6K
NOI $24,276 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$620.3K
$542.8K – $723.7K
NOI $43,423 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 18951, PA
36,111
Population
14,862
Households
2.4
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
71.7 sq mi
ZIP Area
504
Density / Sq Mi
$95,084
Median Household Income
$49,570
Median Earnings
$1,341
Median Rent
$339,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two private-entry units include eat-in kitchens, spacious living areas, dedicated bedrooms, and full bathrooms.
Where is this duplex located?
The property is located at 947 S Old Bethlehem Pike Quakertown, PA.
What is the asking price?
The asking price for this property is $547,900.
What are key features of this property?
This property features: Two renovated units, each with 2 bedrooms and 1 full bathroom; 2,046‑square‑foot duplex at 947 S Old Bethlehem Pike, Quakertown, PA; Private entrances, updated eat‑in kitchens, and large living rooms
