514-530 Gravel Pike, Collegeville, PA 19426
Local realty services provided by:CENTURY 21 Reilly Realtors
514-530 Gravel Pike,Collegeville, PA 19426
$2,550,000
- 25 Beds
- - Baths
- 10,580 sq. ft.
- Multi-family
- Active
Listed by: robert kline
Office: bhhs fox & roach wayne-devon
MLS#:PAMC2141186
Source:BRIGHTMLS
Price summary
- Price:$2,550,000
- Price per sq. ft.:$241.02
About this home
Just Reduced, AGAIN! Motivated Seller! Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek offering a 7.4 CAP Rate! 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 were repainted and LVP 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! As Rents continue to reach market rent, rents have increased by $20,000/yr in the last 6 months of 2025! With these new leases setting a precedent for rents within the community, additional increases are expected in 2026. Minimal deferred maintenance required....
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Home facts
- Year built:1940
- Listing ID #:PAMC2141186
- Added:378 day(s) ago
- Updated:June 03, 2026 at 01:41 PM
Rooms and interior
- Bedrooms:25
- Flooring:Carpet, Luxury Vinyl Plank
- Kitchen Description:Dishwasher, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Water Heater
- Basement:Yes
- Basement Description:Daylight, Full
- Living area:10,580 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:90% Forced Air, Baseboard - Hot Water, Central, Natural Gas, Oil
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1940
- Building area:10,580 sq. ft.
- Lot area:2.81 Acres
- Lot Features:Flood Plain, Stream/Creek
- Architectural Style:Bungalow, Cabin/Lodge, Cottage, Side-by-Side
- Construction Materials:Stucco
- Exterior Features:Deck(s), Exterior Lighting, Outbuilding(s), Patio(s), Sport Court
- Foundation Description:Block
Schools
- High school:PERKIOMEN VALLEY
- Middle school:PERKIOMEN VALLEY MIDDLE SCHOOL EAST
- Elementary school:EVERGREEN
Utilities
- Water:Well-Shared
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,550,000
- Price per sq. ft.:$241.02
- Tax amount:$17,680 (2025)
Features and amenities
- Amenities:100 Amp Service, Above Ground Utilities, Cable TV, Double Hung Windows, Electric Available, Natural Gas Available, Replacement Windows
Parking
- Parking description:Parking Lot, Private
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