About 514-530 Gravel Pike
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.
Features of 514-530 Gravel Pike
| MLS® # | PAMC2141186 |
|---|---|
| Price | $2,850,000 |
| Bathrooms | 0.00 |
| Square Footage | 10,580 |
| Acres | 2.81 |
| Year Built | 1940 |
| Type | Multi-Family |
| Sub-Type | Other, Detached |
| Style | Bungalow, Cabin/Lodge, Cottage, Side-by-Side, Other |
| Status | Active |
Community Information
| Address | 514-530 Gravel Pike |
|---|---|
| Area | Perkiomen Twp (10648) |
| City | COLLEGEVILLE |
| County | MONTGOMERY-PA |
| State | PA |
| Municipality | PERKIOMEN TWP |
| Zip Code | 19426 |
Amenities
| Utilities | Above Ground, Cable TV, Electric Available, Natural Gas Available, Sewer Available |
|---|---|
| Parking | Private |
| View | Water |
| Is Waterfront | Yes |
| Waterfront | Creek |
Interior
| Appliances | Dishwasher, Dryer, Oven/Range-Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater |
|---|---|
| Heating | Central, 90% Forced Air, Baseboard - Hot Water |
| Cooling | Central A/C |
| Has Basement | Yes |
| Basement | Daylight, Full |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| # of Stories | 2 |
Exterior
| Exterior | Stucco |
|---|---|
| Exterior Features | Exterior Lighting, Outbuilding Apartment, Sport Court, Deck(s), Patio |
| Lot Description | Flood Plain, Stream/creek |
| Windows | Double Hung, Replacement |
| Roof | Asphalt, Shingle |
| Foundation | Block |
School Information
| District | PERKIOMEN VALLEY |
|---|---|
| Elementary | EVERGREEN |
| Middle | PERKIOMEN VALLEY MIDDLE SCHOOL EAST |
| High | PERKIOMEN VALLEY |
Additional Information
| Date Listed | May 20th, 2025 |
|---|---|
| Days on Market | 149 |
| Zoning | 1140 APT: CONVERSION 5+ |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | BHHS Fox & Roach Wayne-Devon |
|---|---|
| Contact Info | 6106512700 |