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17 N 23 Rd St

$625,000

17 N 23 Rd St, Mount Penn, PA 19606

Active
Last Updated: 11/28/2025

8.6

Cap Rate

54,053

NOI

Details:
Cap Rate:    8.6%
NOI:    $54,053
Building Size:    7,500 sqft
Year Built:    1915
Price Per Sqft:    $83.33
Zoning:    C-1 COMMERCIAL
Roof:    Flat, Pitched, Rubber, Shingle
Highlights:
  • Days on Market: 15
  • Parking Features: Paved Parking, Surface
  • Heating: Forced Air
Description:

Corner

New to the market, compare the value in this mixed use commercial/multifamily building. This well maintained building features 2 commercial office suites on the main floor, and 4 residential apartments on the 2nd and 3rd floors. Each office space includes approx. 1600 sq.ft. and they feature a large conference room/waiting room, multiple private offices and private bathrooms. The residential apartment details are as follows: Apt. 1 - 2 Brs, 1 bath, Apt 2 - Efficiency 1 Br, 1 bath, Apt. 3 1 Br, 1 bath, Apt. 4 - 1 Br, 1 Bath. 3 of the 4 units have their own separate laundry facilities. There is a parking lot for 6-8 cars in the rear of the building. The lower level is partially finished adding additional square footage. This space may have potential for an owner occupant needing office or flex space, or could possibly be rented for additional income, (contact the municipality to verify use). Recent mechanical updates were done, including a newer Mansard roof 2018, water heaters replaced, chimney restoration, bilco door replacement, newer updated toilets, upgraded bathroom and more.

Map:
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