300 Penn St - Apartments FOR SALE


Pennsburg, PA 18073
$4,447,000 USD
267-612-4041
300 Penn St, Pennsburg, PA for Sale
$4,447,000 USD
Apartments - FOR SALE
1/13
null | 5.97% Cap Rate

300 Penn St
Pennsburg, PA 18073


HIGHLIGHTS

  • Contemporary New Loft Style Apartments
  • Lots of Light
  • Condo Convertible
  • Location to major Cities

OVERVIEW

Discover a rare investment opportunity at 300 Penn Street in Pennsburg, Pennsylvania—a newly developed 14-unit multifamily property that blends modern loft aesthetics with the stability and charm of a growing borough. These condo-convertible residences offer spacious two-bedroom, two-bathroom layouts filled with natural light, premium finishes, and in-unit amenities that speak to the needs of today’s discerning tenants. Designed with long-term flexibility in mind, the building is positioned for both rental income and future condo sales, making it an adaptable asset for investors or owner-operators. Strategically located just 35 miles from Philadelphia and 15 miles from Allentown, this site places you at the heart of a dynamic regional corridor. Proximity to major roadways such as Route 29 and Route 663 ensures easy connectivity, while nearby air travel options like Quakertown Airport and Butter Valley Golf Port Airport provide convenience for professionals on the move. Though no longer active, the historical ties to the Reading Railroad’s Perkiomen Branch add a layer of local character to the property’s story. Set amid a community with a median household income exceeding $100,000 and surrounded by residential neighborhoods, local businesses, and educational institutions, this location offers both lifestyle appeal and economic stability. Nearby landmarks such as Green Lane Park and the borough’s historic downtown enhance the residential experience, providing tenants with both recreation and convenience. Whether you're seeking a high-quality income-generating asset or a foothold in a growing market, 300 Penn Street offers an unmatched blend of design, location, and investment potential.

FOR SALE DETAILS

PRICE

$4,447,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

14

PRICE/UNIT

$317,643

CAP RATE

5.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

R2

APN/PARCEL ID

15-00-02527-005

ASK ABOUT THIS PROPERTY

Paul NewlinMain Street Commercial RealtyMore Info
267-612-4041

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Paul NewlinMain Street Commercial RealtyMore Info
267-612-4041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.