$2,950,000

514 Gravel Pike Collegeville, PA 19426

Perkiomen Township Neighborhood

Estimated payment $17,476/month

Total Views 18,525
-- Bed
-- Bath
10,580 Sq Ft
$279 Price per Sq Ft

Highlights

  • 100 Feet of Waterfront
  • Water Oriented
  • Deck
  • Evergreen Elementary School Rated A
  • 2.81 Acre Lot
  • Stream or River on Lot

About This Home

Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek. This enclave consists of 12 units within 8 buildings situated on 2.81 acres. This highly desirable and popular village is 100% leased and is sought after by potential tenants who enjoy the the Perkiomen Trail, either on foot or on the water, and those familiar with Perkiomen Valley Schools located just across Gravel Pike. The complex consists of 6 singles, a Twin/Duplex and a 4 unit main House. All units are separately metered with 100 amp electric, Gas heat & Hot water(1 unit has oil heat & 4 units have electric Hot water) . The 6 Single homes were all totally Renovated in 2023 with finishes that include Granite Counters, S/S Appliances, new cabinets, LVP flooring & new HVAC w/ C/A. Both Twin/Duplex units are scheduled to be repainted and LVP to be installed (June 2025). All units include a Washer, Dryer, Dishwasher, Gas Range and Refrigerator. All Cottages, Waterfront House, and Twin/Duplex have private basements. Quad has a shared basement. All units are Public Sewer and On-Site well water.
Highly desirable rental community, always a waiting list, with private access to the Perkiomen Trail. Conveniently Located across From PV High School with school district bus pickup in front of the property. There is so much more than just cap rates to consider with this opportunity, many of the units are still rented below market rents! Minimal deferred maintenance required.

Listing Agent

Bob Kline

BHHS Fox & Roach Wayne-Devon License #AB060459L Listed on: 05/20/2025

BHHS Fox & Roach Wayne-Devon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,192

Year Built

  • Built in 1940 | Remodeled in 2023

Lot Details

  • 2.81 Acre Lot
  • 100 Feet of Waterfront
  • Creek or Stream
  • Property is in excellent condition

Home Design

  • Cottage
  • Bungalow
  • Side-by-Side
  • Cabin
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 10,580 Sq Ft Home
  • 1 Fireplace
  • Replacement Windows
  • Double Hung Windows
  • Sliding Doors
  • Water Views
  • Natural lighting in basement

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Laundry

  • Dryer
  • Washer

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces
  • Private Parking
  • Parking Lot

Outdoor Features

  • Water Oriented
  • Stream or River on Lot
  • Sport Court
  • Deck
  • Patio
  • Exterior Lighting
  • Shed
  • Outbuilding

Location

  • Flood Zone Lot

Schools

  • Perkiomen Valley High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Above Ground Utilities
  • 100 Amp Service
  • Shared Well
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 48-00-00898-008

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $23,340
  • Maintenance Expense $18,468
  • Trash Expense $3,671
  • Operating Expense $71,691
  • Gross Income $261,000
  • Net Operating Income $189,309

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,192

Year Built

Built in 1940 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Bungalow, Cabin/Lodge, Cottage, Side-By-Side
  • Ownership: Fee Simple
  • Exclusions: Tenants personal poseessions
  • Historic: No
  • Inclusions: Washers, Dryers, and Refrigerators in all units
  • New Construction: No
  • Year Built: 1940
  • Year Renovated: 2023
  • Remarks Public: Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek. This enclave consists of 12 units within 8 buildings situated on 2.81 acres. This highly desirable and popular village is 100% leased and is sought after by potential tenants who enjoy the the Perkiomen Trail, either on foot or on the water, and those familiar with Perkiomen Valley Schools located just across Gravel Pike. The complex consists of 6 singles, a Twin/Duplex and a 4 unit main House. All units are separately metered with 100 amp electric, Gas heat & Hot water(1 unit has oil heat & 4 units have electric Hot water) . The 6 Single homes were all totally Renovated in 2023 with finishes that include Granite Counters, S/S Appliances, new cabinets, LVP flooring & new HVAC w/ C/A. Both Twin/Duplex units are scheduled to be repainted and LVP to be installed (June 2025). All units include a Washer, Dryer, Dishwasher, Gas Range and Refrigerator. All Cottages, Waterfront House, and Twin/Duplex have private basements. Quad has a shared basement. All units are Public Sewer and On-Site well water. Highly desirable rental community, always a waiting list, with private access to the Perkiomen Trail. Conveniently Located across From PV High School with school district bus pickup in front of the property. There is so much more than just cap rates to consider with this opportunity, many of the units are still rented below market rents! Minimal deferred maintenance required.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Luxury Vinyl Plank, Carpet
  • Window Features: Double Hung, Replacement
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 10580
  • Living Area Sq Ft: 10580
  • Price Per Sq Ft: 278.83
  • Above Grade Finished Sq Ft: 10580
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 514-530

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Stucco
  • Exterior Features: Exterior Lighting, Outbuilding(s), Sport Court
  • Road Surface Type: Black Top
  • Roof: Asphalt, Shingle
  • Spa: No
  • View: Water
  • Water Access: No
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Total Garage And Parking Spaces: 30
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 30

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 211
  • Previous Twelve Months Electric Expense: 2532.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas, Oil
  • Heating Type: Central, 90% Forced Air, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv, Electric Available, Natural Gas Available, Sewer Available
  • Water Source: Well-Shared
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: PERKIOMEN VALLEY
  • High School: PERKIOMEN VALLEY
  • School District Key: 300200397146
  • School District Source: Listing Agent
  • High School: PERKIOMEN VALLEY

Lot Info

  • Land Use Code: 1140
  • Lot Features: Flood Plain, Stream/Creek
  • Lot Size Acres: 2.81
  • Lot Dimensions: 485 ft frontage
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 122404.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Excellent, Good
  • Year Assessed: 2024
  • Zoning: 1140 APT: CONVERSION 5+

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 261000.00
  • Units Leased Count: 12
  • Vacation Rental: No

Tax Info

  • School Tax: 14610.00
  • Tax Annual Amount: 17192.00
  • Assessor Parcel Number: 48-00-00898-008
  • Tax Lot: 21
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Gross Income: 261000.00
  • Gross Scheduled Income: 261000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 71691.00

MLS Schools

  • School District Name: PERKIOMEN VALLEY

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
05/20/2025 05/20/25 For Sale $2,950,000 -- $279 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PAMC2141186

Bright MLS
Pennsylvania Montgomery County Collegeville 19426 Perkiomen Township

514 Gravel Pike, Collegeville, PA

This home is located at 514 Gravel Pike, Collegeville, PA 19426 and is currently priced at $2,950,000, approximately $278 per square foot. This property was built in 1940. 514 Gravel Pike is a home located in Montgomery County with nearby schools including Evergreen Elementary School, Perkiomen Valley Middle School East, and Holy Cross Regional Catholic School.

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Bob Kline
Listing Agent
Bob Kline
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BHHS Fox & Roach Wayne-Devon
(484) 874-5231