$675,000

231 Washington St Morrisville, PA 19067

Estimated payment $4,296/month

Total Views 8,601
-- Bed
-- Bath
2,192 Sq Ft
$308 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Efficiency Studio
  • Bathtub with Shower
  • Wood Flooring
  • Porch
  • Ramp on the main level

About This Home

There are 5 total units in the building. Units 1,2,5 Pay their own electric. Landlords pay units 3,4 and common electric. Positive cash flow to add to your portfolio, with this fully rented 5-unit building. Long term tenants, who all would like to stay. Tenants are currently on a month-to-month basis. Updated economical gas heat, electric and all new windows, siding and gutters. New hot water heater, common areas have been freshly painted and carpeted. This property is being sold AS -IS. Buyers are responsible for the borough U & O. Please do not approach the property without an appointment 24-hour notice is required. Please knock before entering. Elevator is for ground to First floor level only.mRents are under current market.
Insurance yearly $4170.00
Trash

Listing Agent

Rocco D'Armiento

(267) 980-8546 rocco.darmiento@foxroach.com BHHS Fox & Roach -Yardley/Newtown License #RS295837 Listed on: 08/11/2025

BHHS Fox & Roach -Yardley/Newtown

Co-Listing Agent

Fern Hellinger

(215) 429-6153 fern.hellinger@foxroach.com BHHS Fox & Roach-Southampton License #RS349578

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 1908

Lot Details

  • 3,800 Sq Ft Lot
  • Lot Dimensions are 38.00 x 100.00
  • Level Lot

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,192 Sq Ft Home
  • Ceiling Fan
  • Double Hung Windows
  • Combination Dining and Living Room
  • Efficiency Studio
  • Basement Fills Entire Space Under The House
  • Fire Escape

Kitchen

  • Built-In Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Parking

  • Handicap Parking
  • On-Street Parking

Accessible Home Design

  • Ramp on the main level

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Utilities

  • Radiator
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 294
  • Assessor Parcel Number 24-009-294

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Morris Hgts Subdivision

Building Details

  • Insurance Expense $4,170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,400

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property
  • Inclusions: 5 Refrigerators
  • New Construction: No
  • Year Built: 1908
  • Remarks Public: There are 5 total units in the building. Units 1,2,5 Pay their own electric. Landlords pay units 3,4 and common electric. Positive cash flow to add to your portfolio, with this fully rented 5-unit building. Long term tenants, who all would like to stay. Tenants are currently on a month-to-month basis. Updated economical gas heat, electric and all new windows, siding and gutters. New hot water heater, common areas have been freshly painted and carpeted. This property is being sold AS -IS. Buyers are responsible for the borough U & O. Please do not approach the property without an appointment 24-hour notice is required. Please knock before entering. Elevator is for ground to First floor level only.mRents are under current market. Insurance yearly $4170.00 Trash
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Disposal, Refrigerator
  • Flooring Type: Carpet, Hardwood, Laminated, Laminate Plank
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Efficiency, Bathroom - Tub Shower, Bathroom - Stall Shower, Wood Floors
  • Window Features: Double Hung
  • Fireplace: No
  • Foundation Details: Brick/Mortar, Stone
  • Room Count: 15
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2192
  • Living Area Sq Ft: 2192
  • Price Per Sq Ft: 307.94
  • Above Grade Finished Sq Ft: 2192
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 231

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Fire Escape, Exterior Lighting, Gutter System, Sidewalks, Street Lights
  • Road Surface Type: Black Top
  • Roof: Shingle
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Handicap Parking
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Monthly Average Electric: 179
  • Previous Twelve Months Electric Expense: 2148.00
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone
  • Monthly Water Average: 183
  • Water Previous Twelve Months: 2196.00
  • Water Source: Public

Schools

  • School District: PENNSBURY
  • School District Key: 300200397329
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 1001
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Dimensions: 38.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3800.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2025
  • Zoning: R2A

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 5
  • Total Actual Rent: 68700.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 5130.00
  • Tax Annual Amount: 8400.00
  • Assessor Parcel Number: 24-009-294
  • Tax Lot: 294
  • Tax Total Finished Sq Ft: 2192
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 5,Unit 3

MLS Schools

  • School District Name: PENNSBURY

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,439 $20,000 $3,040 $16,960
2024 $6,439 $20,000 $3,040 $16,960
2023 $6,380 $20,000 $3,040 $16,960
2022 $6,240 $20,000 $3,040 $16,960
2021 $5,965 $20,000 $3,040 $16,960
2020 $5,843 $20,000 $3,040 $16,960
2019 $5,562 $20,000 $3,040 $16,960
2018 $5,445 $20,000 $3,040 $16,960
2017 $5,433 $20,000 $3,040 $16,960
2016 $5,443 $20,000 $3,040 $16,960
2015 -- $20,000 $3,040 $16,960
2014 -- $20,000 $3,040 $16,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $675,000 +16.4% $308 / Sq Ft
01/29/2019 01/29/19 Sold $580,000 +75.8% $580,000 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
09/25/2018 09/25/18 For Sale $329,900 -- $329,900 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $580,000 None Available
Deed $133,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,000 Future Advance Clause Open End Mortgage
Closed $464,000 Commercial
Previous Owner $200,000 Unknown
Previous Owner $192,000 Unknown
Previous Owner $135,000 No Value Available
Source: Public Records

Source: Bright MLS

MLS Number: PABU2102698

Bright MLS

APN: 24-009-294