$1,300,000

24 W Lincoln Hwy Penndel, PA 19047

Estimated payment $7,560/month

Total Views 36,572
-- Bed
-- Bath
6,000 Sq Ft
$217 Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Walk-Up Access
  • 4-minute walk to Langhorne

About This Home

This property is completely turnkey and has already started generating income for you! We'll start with Store Front commercial space that offers parking in front of building. This space is a blank canvas for the new occupants equipped with a handicap accessible bathroom and its own mini split for heating and cooling. This commercial space has access to the basement which may allow for additional storage if needed, and easy to pre-fab plumbing/electric etc. for the new occupant.
(One Lease in Place as of January 2025).
4 Large residential units with rear entrance and private parking lot are located in the back of the building away from the street. All of the residential units offer eat- in Kitchens boasting solid wood white cabinets, upgraded granite counters with undermount sinks, timeless subway style backsplash, stainless steel appliances with one year manufacture warranty. Bathrooms have solid wood white cabinets and granite counters, tile and tubs, and fans. You'll find generous size bedrooms and lots of windows, plenty of closets for storage, wall to wall carpets in bedrooms, upgraded cork flooring that will sustain more wear and tear, recessed lighting throughout, individual in unit breaker panels, and individual HVAC units. Both downstairs units are mirror images of one another providing 2 bedrooms, 1.5 bathrooms, spacious living space and private decks ( Both units One year leases in place as of January 2025).
Both Upstairs units are mirror images of one another providing 2 bedrooms 1 bathroom on the main floor and third bedroom/ loft space is on the third floor of the building. (Currently in process of renting).**** Update as of June 2025- 2 year lease in place, currently in process of renting final unit.

Centrally located in a very desirable Neshaminy school district, and within walking distance to Cairn University Campus, as well as the commuter Langhorne train station, and nearby shops, restaurants, nightlife, markets, laundry mats, corner stores, and post office. The entire building was rebuilt from the foundation up, all new electric, plumbing, hvac, electric meters, insulation, sheetrock, waterproofing in basement, sump pumps roof, exterior, rear parking lot, windows- you name it! All permits in place and approvals for review.

Listing Agent

Angilena Kerper

Opus Elite Real Estate License #RS332235 Listed on: 02/01/2025

Opus Elite Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,607

Year Built

  • Built in 1952 | Remodeled in 2024

Lot Details

  • 7,350 Sq Ft Lot
  • Lot Dimensions are 50.00 x 147.00

Home Design

  • 6,000 Sq Ft Home
  • Block Foundation
  • Poured Concrete
  • Cement Siding
  • Vinyl Siding

Kitchen

  • Electric Oven or Range
  • Built-In Microwave

Unfinished Basement

  • Walk-Up Access
  • Interior and Exterior Basement Entry
  • Water Proofing System
  • Drainage System
  • Sump Pump
  • Drain
  • Basement Windows

Parking

  • Private Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Electric Water Heater
  • Municipal Trash

Community Details

  • 4 Units
  • 1 Vacant Unit

Listing and Financial Details

  • Tax Lot 009
  • Assessor Parcel Number 32-005-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,607

Year Built

Built in 1952 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Property
  • Inclusions: All appliances shown in as is condition with no monetary value
  • New Construction: No
  • Year Built: 1952
  • Year Renovated: 2024
  • Remarks Public: This property is completely turnkey and has already started generating income for you! We'll start with Store Front commercial space that offers parking in front of building. This space is a blank canvas for the new occupants equipped with a handicap accessible bathroom and its own mini split for heating and cooling. This commercial space has access to the basement which may allow for additional storage if needed, and easy to pre-fab plumbing/electric etc. for the new occupant. (One Lease in Place as of January 2025). 4 Large residential units with rear entrance and private parking lot are located in the back of the building away from the street. All of the residential units offer eat- in Kitchens boasting solid wood white cabinets, upgraded granite counters with undermount sinks, timeless subway style backsplash, stainless steel appliances with one year manufacture warranty. Bathrooms have solid wood white cabinets and granite counters, tile and tubs, and fans. You'll find generous size bedrooms and lots of windows, plenty of closets for storage, wall to wall carpets in bedrooms, upgraded cork flooring that will sustain more wear and tear, recessed lighting throughout, individual in unit breaker panels, and individual HVAC units. Both downstairs units are mirror images of one another providing 2 bedrooms, 1.5 bathrooms, spacious living space and private decks ( Both units One year leases in place as of January 2025). Both Upstairs units are mirror images of one another providing 2 bedrooms 1 bathroom on the main floor and third bedroom/ loft space is on the third floor of the building. (Currently in process of renting).**** Update as of June 2025- 2 year lease in place, currently in process of renting final unit. Centrally located in a very desirable Neshaminy school district, and within walking distance to Cairn University Campus, as well as the commuter Langhorne train station, and nearby shops, restaurants, nightlife, markets, laundry mats, corner stores, and post office. The entire building was rebuilt from the foundation up, all new electric, plumbing, hvac, electric meters, insulation, sheetrock, waterproofing in basement, sump pumps roof, exterior, rear parking lot, windows- you name it! All permits in place and approvals for review.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Electric, Refrigerator
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Drain, Drainage System, Interior Access, Outside Entrance, Poured Concrete, Sump Pump, Unfinished, Walkout Stairs, Water Proofing System, Windows
  • Total Sq Ft: 6000
  • Living Area Sq Ft: 6000
  • Price Per Sq Ft: 216.67
  • Above Grade Finished Sq Ft: 6000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 22

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Block, Cement Siding, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, Private
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: NESHAMINY
  • School District Key: 300200397330
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 4115
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50.00 x 147.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7350.00
  • Year Assessed: 2024
  • Zoning: RC

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 5958.00
  • Tax Annual Amount: 7607.00
  • Assessor Parcel Number: 32-005-009
  • Tax Lot: 009
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 1
  • Single Room Units Count: 1

MLS Schools

  • School District Name: NESHAMINY

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

Property History

Date Event Price Change Sq Ft Price
02/01/2025 02/01/25 For Sale $1,300,000 +282.4% $217 / Sq Ft
03/09/2020 03/09/20 Sold $340,000 -29.9% $71 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
12/19/2019 12/19/19 Price Changed $485,000 -2.8% $101 / Sq Ft
10/30/2019 10/30/19 Price Changed $499,000 -10.7% $104 / Sq Ft
10/25/2019 10/25/19 Price Changed $559,000 -11.1% $116 / Sq Ft
10/07/2019 10/07/19 Price Changed $629,000 -3.1% $131 / Sq Ft
09/25/2019 09/25/19 Price Changed $649,000 -4.4% $135 / Sq Ft
08/30/2019 08/30/19 Price Changed $679,000 -6.3% $141 / Sq Ft
08/02/2019 08/02/19 For Sale $725,000 -- $151 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PABU2086986

Bright MLS