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Asking Price - $2,850,000
Days on Market - 211
514 Gravel Pike
Collegeville, PA 19426
Featured Agent
EveryHome Realtor
Asking Price
$2,850,000
Days on Market
211
# of Units
4
1 Bdrm Units
1
2 Bdrm Units
6
3 Bdrm Units
4
Acres
2.81
Interior SqFt
10,580
Age
85
Heating
Oil
Fireplaces
1
Cooling
Central A/C
Water
Well-Shared
Sewer
Public
Garages
0
Taxes (2025)
17,192
Additional Details Below
EveryHome Realtor
Views: 737
Featured Agent
EveryHome Realtor
Description
Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek offering a 7.16 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, an additional $18,900/yr is expected in 2026. Minimal deferred maintenance required.
Location
Driving Directions
From Bridge Road North on RT 29 (Gravel Pike) to complex on your right.
Listing Details
Summary
Architectural Type
•Bungalow, Cabin/Lodge, Cottage, Side-by-Side
Parking
•Private, Parking Lot
Interior Features
Flooring
•Luxury Vinyl Plank, Carpet
Basement
•Daylight, Full, Block
Appliances
•Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Exterior Features
Lot Features
•Flood Plain, Stream/Creek
Exterior Features
•Exterior Lighting, Outbuilding(s), Sport Court, Deck(s), Patio(s), Stucco
Utilities
Cooling
•Central A/C, Electric
Heating
•Central, 90% Forced Air, Baseboard - Hot Water, Natural Gas, Oil
Hot Water
•Electric, Natural Gas
Additional Utilities
•Above Ground, Cable TV, Electric Available, Natural Gas Available, Sewer Available, Electric: 100 Amp Service
Property History
Sep 9, 2025
Price Decrease
$2,950,000 to $2,850,000 (-3.39%)
Miscellaneous
Lattitude : 40.221200
Longitude : -75.452825
MLS# : PAMC2141186
Views : 737
Listing Courtesy: Robert Kline of BHHS Fox & Roach Wayne-Devon
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Notes
Page: © 2025 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.
Presentation: © 2025 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. For information on those properties withheld from the internet, please call 215-699-5555
