Renovated Two-Unit
For Sale
$515,000
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$251.71
Days on Market50
Property Features for 947 S Old Bethlehem Pike
General Information
Standard status
Active
Size
2,046 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
large backyard
covered deck
large shed with a workshop
Building Details
Year Built
1976
Listing Agency:
RE/MAX Legacy
Listed By:
Brenda L Gelnett · License #RS271845
(215) 822-8200
Source:
Kathywolfgang
Added: Aug 25
Changed: Sep 10
Last Checked: Oct 7 at 5:19PM
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 / Yr
$25,332
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
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
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 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 4.92%
Second Best
Multifamily LT 5
$346.8K
$303.5K – $404.6K
NOI $24,276 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$620.3K
$542.8K – $723.7K
NOI $43,423 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 $515,000.
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
