514 530 Gravel Pike
COLLEGEVILLE, PA 19426
- – beds
- – baths
- 10,580 sqft
- ~3 acre lot
- $278 per sqft
- 1940 build
Welcome to Perkiomen Creek Village - a cluster of cottage homes and apartments located on the banks of the Perkiomen Creek. 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 High School 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 are scheduled to be repainted and LVP to be 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! Minimal deferred maintenance required.
Last checked:
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Last updated May 20, 2025
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MLS# PAMC2141186 —
The Building
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Year Built:1940
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Year Built Source:Estimated
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Year Major Reno/Remodel:2023
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Roof:Asphalt, Shingle
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New Construction:No
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Construction Materials:Stucco
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Building Levels:2
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Building Units Total:4
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Structure Type:Detached
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Historic:No
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Architectural Style:Bungalow, Cabin/Lodge, Cottage, Side-by-Side, Other
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Door Features:Sliding Glass
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Window Features:Double Hung, Replacement
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Accessibility Features:None
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Foundation Details:Block
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Basement:Yes
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Basement Type:Daylight, Full
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Total SqFt Source:Estimated
Interior
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Flooring Type:Luxury Vinyl Plank, Carpet
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Fireplace:Yes
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Fireplaces:1
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:10580
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Living Area SqFt:10,580 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash, Exchange, Other
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Possession:31-60 Days CD, 61-90 Days CD, Negotiable
Location
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Directions:From Bridge Road North on RT 29 (Gravel Pike) to complex on your right.
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Cross Street:Graterford Road
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Latitude:40.22120000
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Longitude:-75.45282484
The Property
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Property Subtype:Other
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Property Type:Multi-Family
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Property Condition:Excellent, Good
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Lot Size Units:Square Feet
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Lot Size Acres:2.81
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Lot Size Source:Estimated
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Lot Size Dimensions:485 ft frontage
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Lot Dimensions Source:Estimated
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Lot Features:Flood Plain, Stream/Creek
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Lot SqFt:122,404 Sqft
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Inclusions:Washers, Dryers, and Refrigerators in all units
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Exclusions:Tenants personal poseessions
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Zoning:1140 APT: CONVERSION 5+
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Road Frontage Length:485
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Road Surface Type:Black Top
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Road Responsibility:State
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View:Water
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Outdoor Living Structures:Deck(s), Patio(s)
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Other Structures:Above Grade
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Waterview:Yes
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Waterfront:Yes
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Water Oriented:Yes
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Water Access:No
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Water Body Type:Creek/Stream
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Navigable Water:No
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Water Frontage In Feet:100
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Tidal Water:No
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Land Use Code:1140
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 804-9716
- Office phone:
- (610) 651-2700
Taxes
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Tax ID Number:48-00-00898-008
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Tax Year:2025
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Tax Lot:21
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Tax Annual Amount:$17,192
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Tax Assessed Value:$391,500
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Year Assessed:2024
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School Tax:14610.0
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County Tax:2209.00
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City/Town Tax:371.92
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Central, 90% Forced Air, Baseboard - Hot Water
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Heating Fuel:Natural Gas, Oil
Utilities
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Utilities:Above Ground, Cable TV, Electric Available, Natural Gas Available, Sewer Available
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Sewer/Septic:Public Sewer
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Electric Service:100 Amp Service
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Hot Water:Electric, Natural Gas
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Water Source:Well-Shared
Appliances
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Appliances:Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Schools
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High School:PERKIOMEN VALLEY
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School District Name:Perkiomen Valley
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School District Source:Listing Agent
The Community
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Exterior Features:Exterior Lighting, Outbuilding(s), Sport Court
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:No
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Cap Rate:6.40
Parking
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Total Garage and Parking Spaces:30
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Garage:No
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Type of Parking:Parking Lot
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Parking Features:Private
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Parking Lot - # of Spaces:30
Extra Units
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:1
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Two Bedroom Units:6
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Three Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/20/25
May 20, 2025
|
Listed / Active | BRIGHT | $2,950,000 |