434 W Walnut St - 4 Apartment Units & 2 Car Garage 4 Unit Apartment Building Offered at $1,076,878 CAD at a 6.86% Cap Rate North Wales, PA 19454

The Property is ideally located within the walkable, small-town borough, offering residents access to nearby shops, restaurants, and daily conveniences while sitting close to the larger job and retail centers throughout Montgomery County.
434 West Walnut consists of (3) one-bedroom, one-bath units averaging 711 square feet with average rents of $1,334 per month, and (1) two-bedroom, one-bath unit at 982 square feet with a rent of $1,625 per month. The Property caters to the local workforce renter base.
The Property offers excellent upside potential with room to grow through light interior renovation, including kitchens, bathrooms, flooring, and fixtures. These improvements can be implemented at a relatively low cost and are expected to drive rent increases, allowing investors to close the gap between in-place rents and market levels as units turn over.
Held by current ownership since 1973, the Property provides a long history of stability and care. Building improvements include updated electrical service (upgraded to 100-amp in 2012), as well as a high-efficiency gas boiler serving the Property's hot water and baseboard heating system. In addition, the coin-operated laundry facilities on site and a double garage provide additional income.
Strategically located in Central Montgomery County, the Property benefits from excellent regional connectivity via Routes 63, 202, and 309, and the Pennsylvania Turnpike (I-476), providing access to major employment hubs throughout the Greater Philadelphia Region.
SEPTA’s North Wales Regional Rail Station, offering direct service into Center City Philadelphia via the Lansdale/Doylestown Line, is within walking distance and adds a rail-commuting option that few comparable suburban assets can offer. Proximity to Lansdale and Montgomeryville offers residents an expanded mix of retail, dining, and everyday conveniences, further enhancing the Property's appeal.
Historically, the Property has experienced 100% occupancy, supported by affordable rents and a convenient, walkable setting. Combined with reliable current cash flow and a straightforward path to increase rents through light renovations, 434 West Walnut Street offers investors both dependable income now and meaningful upside over time, an appealing profile for buyers looking to grow their footprint in a strong-performing suburban submarket.