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Rick Sanderson Jr

rick@sandersonsells.com +1(856) 905-0830

Listed by Mandee Hammerstein • Innovate Real Estate

$ 1,595,000

Est. payment -/mo

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2319 FOREST GROVE RD Furlong, PA 18925

5.72 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PABU2120026

Year Built 1850

Annual Tax Amount $18,046

Tax Year 2025

Lot Size 5.716 Acres

Acres 5.72

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

A rare opportunity to acquire a fully leased, character-rich Bucks County asset with immediate income and clear upside—ideal for both seasoned investors and lifestyle buyers seeking a hybrid investment.

This fully rented 5-unit farmhouse conversion is situated on nearly 6 acres in desirable Buckingham Township, offering immediate cash flow with strong upside potential. The property includes four units within the main farmhouse and a detached, carriage house (Unit 5), creating a diversified and stable income stream.

All units are generously sized and reflect sought-after Bucks County character. Unit 4 (former horse stable) and Unit 5 (carriage house) have been fully renovated, while three remaining units present value-add opportunities through future updates and rent optimization. Current rents are below market, with nearby comps supporting increased income opportunities.

At the current asking price of $1,595,000, the property delivers an approximate 6.5% in-place cap rate, offering investors a strong in-place return with compelling potential to elevate both income and long-term value.

Tenants pay all utilities except water, helping maintain low operating expenses. Additional income is generated through garage rentals, and a full basement provides valuable storage. The property also benefits from a newer septic system and ample on-site parking.

Located just minutes from Doylestown, New Hope, and major commuter routes, this is a rare opportunity to acquire a stabilized asset with both immediate income and long-term appreciation potential.

12 parking spots not including garages. Showings available late afternoons by appointment only with listing agent with 24-hour notice. Serious inquiries only.

Location

State PA

County Bucks

Area Buckingham Twp (10106)

Zoning R2

Interior

Hot Water Electric

Heating Forced Air, Hot Water

Cooling Central A/C, Ceiling Fan(s), Window Unit(s), Wall Unit

Flooring Carpet, Hardwood

Heat Source Natural Gas, Propane - Owned, Oil

Exterior

Garage Spaces 12.0

Water Access N

Accessibility None

Total Parking Spaces 12

Garage N

Building

Foundation Stone

Sewer On Site Septic

Water Public

New Construction N

Schools

School District Central Bucks

Others

Tax ID 06-008-085

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

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Rick Sanderson Jr

Agent | License ID: 0790603

+1(856) 905-0830

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Rick Sanderson Jr

2319 FOREST GROVE RD Furlong, PA 18925

Key Details

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Interior

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Schools

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2319 FOREST GROVE RD

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