Listed by Anthony DiCicco • Keller Williams Real Estate - Newtown
Bought with Alan Armen Asriants • New Century Real Estate
Bought with Alan Armen Asriants • New Century Real Estate
$585,000
$599,900 2.5%
Est. payment /mo
2,800 SqFt
UPDATED:
Key Details
Sold Price $585,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $208
MLS Listing ID PABU2114752
Style A-Frame
Year Built 1917
Available Date 2026-02-28
Annual Tax Amount $4,579
Tax Year 2025
Property Sub-Type Detached
Property Description
Showings This Wednesday 3/4 from 4pm-6pm - offers are in !!!!! Rare opportunity to acquire a fully occupied, income-producing quadplex in the heart of Croydon. 803–805 State Road consists of 4 well-maintained 1-bedroom, 1-bathroom units, each currently leased on a flexible month-to-month basis, offering immediate cash flow with the option for future rent optimization.
This turnkey investment generates $48,600 in annual rental income with tenants paying all utilities, significantly minimizing owner expenses and maximizing net returns. With a strong 6% cap rate and long-term tenants in place who would love to stay, this property offers both stability and upside potential for the savvy investor.
The building offers on-site parking and is ideally positioned near major transportation routes, providing convenient access to Interstate 95, Route 13, the Pennsylvania Turnpike, and regional rail service—making it highly desirable for commuters. Located within desirable Bucks County, the property benefits from consistent rental demand, strong market fundamentals, and proximity to shopping, dining, and so much more.
Whether you're looking to expand your portfolio or secure a reliable, low-maintenance income property, this quadplex presents an exceptional opportunity with immediate returns and long-term growth potential.
This turnkey investment generates $48,600 in annual rental income with tenants paying all utilities, significantly minimizing owner expenses and maximizing net returns. With a strong 6% cap rate and long-term tenants in place who would love to stay, this property offers both stability and upside potential for the savvy investor.
The building offers on-site parking and is ideally positioned near major transportation routes, providing convenient access to Interstate 95, Route 13, the Pennsylvania Turnpike, and regional rail service—making it highly desirable for commuters. Located within desirable Bucks County, the property benefits from consistent rental demand, strong market fundamentals, and proximity to shopping, dining, and so much more.
Whether you're looking to expand your portfolio or secure a reliable, low-maintenance income property, this quadplex presents an exceptional opportunity with immediate returns and long-term growth potential.
Location
State PA
County Bucks
Area Bristol Twp (10105)
Zoning C
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Exterior
Garage Spaces 4.0
Water Access N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Bristol Township
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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