159 MAIN Street
Property Description
OPEN HOUSE SATURDAY, 9/26, 11:00-1:00. Investment opportunity in the heart of downtown Royersford! 159 Main Street is a professionally managed 9-unit multifamily property featuring five 1-bedroom and four 2-bedroom apartments, approximately 800 SF each. The property has undergone substantial repositioning, with updated kitchens and baths, LVP/laminate flooring, stainless appliances, and high-efficiency mini-split HVAC in the majority of units. Seven units are currently occupied with two renovated, market-ready vacancies, providing an immediate opportunity to increase income. Current leases are staggered through 2027 with no month-to-month tenancies. Electric is separately metered and paid by residents, while water/sewer reimbursements are built into nearly every lease. Additional income includes on-site coin laundry, pet rent and other fees. The property also offers a private off-street parking lot-a valuable amenity in this walkable Main Street location. Calendar-year 2025 NOI was approximately $87,585, with meaningful potential for additional rent growth as below-market leases roll. Convenient to downtown restaurants, breweries, Victory Park, the Schuylkill River Trail and Route 422. Property is being offered as-is. Offering Memorandum and additional financial information available to qualified buyers.
Broker Details
Keller Williams Elite (717) 553-2500
MLS ID: 3147765 State License Number: RS288414
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,400,000 |
| No. of Units: | 1 |
| Year Built: | 1880 |
| Lot Size: | 6,021.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $1,400,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAMC2193782
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