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    640 Lincoln Ave Morrisville, PA 19067-2118
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    Property profile & analytics

    640 Lincoln Ave, Morrisville, PA 19067-2118

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    • Garden apartment buildings
    • 14,820 SF
    • 0.79 lot acres
    Off-Market
    Last Sale Aug 27, 2020
    $2,450,000
    Property ID
    US73-1592883
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,710,000
    Show details
    Cap Rate Potential
    5.8%
    Garden apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 640 Lincoln Ave

    Year built
    1965
    Lot size
    0.79 lot acres
    Zone code
    R3
    Property type
    Garden apartment buildings
    APN
    24-002-131
    APU
    24002131

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 27, 2020 $2,450,000 Tyler Arms Partners LLC Tyler Arms 2015 LP Special Warranty Deed $2.1M · Harleysville Bank
    Aug 20, 2015 $1,665,000 Tyler Arms 2015 LP Tyler Associates LLC Deed $1.4M · New York Community Bank
    Sep 3, 1998 $715,000 Tyler Associates LLC Penn-linc LP Grant Deed —
    — — Tyler Associates LLC — Deed Of Trust · related $250k · Neil & Wendy Tepper
    — — Tyler Associates LLC — Deed Of Trust · related $100k · Owen Tepper LLC
    — — Tyler Associates LLC — Deed Of Trust · related $600k · Independence Community Bank
    — — Tyler Associates LLC — Deed Of Trust · related $190k · Edwin Herzig

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,155,000
      ML approach
      $3,160,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,060,000
      6.5%
      $2,825,000
      7%
      $2,620,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,225,000
      Market price range: $2.23M - $7.92M
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,050,000
      Current use
      MEDICAL BUILDING
      $3,655,000
      Change: -10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,545,000
      Change: -12% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,445,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.7908
    Latitude
    40.2124
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,166
    $16,400
    $80,400
    $96,800
    -
    $224,657
    $1,101,365
    $1,326,022
    More about this property
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