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MLS: #PAMC2141186, Listed By: Robert Kline, BHHS Fox & Roach Wayne-Devon, Source:Bright MLS

514-530 Gravel Pike

COLLEGEVILLE, PA 19426
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$2,550,000 $10,750/Mo
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Bed 25

Bed

Bath 0

Bath

SqFt10,580

Sqft

Acres2.81

Acres(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $2,550,000

AD Id : 67558338

MLS Id : PAMC2141186

Beds : 25

Lot Size : 2.81 Acres

Living Area Size : 10,580

Year Built : 1940

County : MONTGOMERY

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 25

    Room Information

    Has Basement: Yes Basement: Daylight, Full

  • Flooring Information

    Carpet, Vinyl

  • Roofing Information

    Asphalt, Shingle

  • Interior Features

    Roof: Asphalt, Shingle Appliances: Gas Range, Gas Oven, Electric Water Heater, Gas Water Heater, Dishwasher, Dryer, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Oil, Central, Forced Air, Baseboard Has Cooling: Yes Cooling: Central Air, Electric Water front: 1

  • Building Information

    Year Built: 1940 Building Area Total: 10580 Construction Materials: Stucco Frontage Length: 100 Patio And Porch Features: Deck, Patio Pool Features: None Private Pool: No Water front Features: Stream View: Water

  • Exterior Features

    Exterior Features: Lighting

  • Lot Information

    Lot Dimensions: 485 ft frontage Lot Size Acres: 2.81 Lot Size Source: Estimated Lot Size Square Feet: 122404 Lot Description: Waterfront

  • Listing Price Information

    Listing Price: $2550000

  • Tax Information

    Parcel Number: 48-00-00898-008 Tax Lot: 21 Tax Year: 2025 Annual Tax: $17680

  • Parking Information

    Parking Total: 30 Private, Parking Lot
    Homeowners Association Information
    Association Amenities: Sport Court

  • School Information

    Elementary School: EVERGREEN
    Junior High School: PERKIOMEN VALLEY MIDDLE SCHOOL EAST
    Senior High School: PERKIOMEN VALLEY

  • Utility Information

    Cable Available, Natural Gas Available, Sewer Available, Electricity Available

  • Location Information

    Direction: From Bridge Road North on RT 29 (Gravel Pike) to complex on your right. WaterSource: Shared Well
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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 in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. 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 closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/29/2026 @ 22:32

MLS: PAMC2141186 LISTED BY: Robert Kline, BHHS Fox & Roach Wayne-Devon 610-651-2700 SOURCE: Bright MLS

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