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Property profile & analytics
OFF-MARKET Estimated value $535,000
Investment properties

424 Dresher Rd Horsham, PA 19044-2027

4,675 SF 1.14 ac lot Built 1859
Entity Owned 27-yr Hold ~ Est. High Equity
Property ID
US73-1897874
Property summary
AI-generated overview

This meticulously restored 1859 Gothic Colonial Farmhouse at 424 Dresher Road, Horsham, PA, offers a unique blend of historic charm and modern functionality, ideal for professional use. The 1.14-acre property boasts a grand foyer with 10-foot ceilings and hardwood floors, setting a dramatic tone for the versatile office space. A fireplace with an exquisite mantelpiece graces one office, complemented by custom built-ins and deep window sills throughout. The kitchen features a brick fireplace, a rear staircase, stainless steel appliances, and a tiled backsplash. Upstairs, custom landings add a whimsical touch. High-end air conditioning and a durable tin roof ensure year-round comfort. The property also includes a bonus barn with a workshop and loft, providing ample additional space. Extensive landscaping with mature trees and scenic vistas enhances the property's appeal. Ample parking is available with a spacious lot accommodating 17 cars, plus three additional spaces at the front of the building. Conveniently located in Horsham with easy access to major highways, this property presents a rare opportunity to own a piece of history while enjoying modern conveniences. The property's flexible layout is suitable for various professional uses, including, but not limited to, attorney, real estate, funeral parlor, or accounting offices.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1859
Total area 4,675 SF
Lot 1.14 ac (49,500 SF)
Zoning code R6
APN 36-00-03592-00-8
UPID US73-1897874
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Media Matrix Inc Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$745k
Comparable Approach Comparable
$625k
Blend (final) Blend
$535k
Owner & transaction history
Media Matrix INC · 27 yrs held
Media Matrix INC
since 1998
1 recorded transaction
1998
$270,000
Zoning & alternative use
R6 · Horsham, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $765,000 +52.0%
Medical building $735,000 +46.4%
Neighborhood: shopping center $610,000 +21.1%
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