Renovated Duplex with
For Sale
$315,000
104 OAK Avenue, Lansdowne, PA 19050
MULTI_FAMILY - LANSDOWNE, PA
Property Size1,560 SF
Lot Size0.07 Acres
Price / SF$201.92
Days on Market10
Property Features for 104 OAK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
3
Parking features
Driveway, Off Street
Elementary school district
WILLIAM PENN
Middle school district
WILLIAM PENN
High school district
WILLIAM PENN
Standard status
Active
Size
1,560 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6772
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
off street parking
shared basement with storage lockers
Building Details
Year built
1960
Number of units
1
Building materials
Brick
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
John Joseph D'Ambrosio Jr. · License #RS357288
(610) 247-1579
Added: Jul 31
Changed: Aug 7
Last Checked: Aug 9 at 10:06AM
MLS# PADE2120526
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,560-square-foot brick duplex in Lansdowne, Pennsylvania, contains two residential units, each arranged with 2 bedrooms and 1 bathroom. Renovation work completed in 2022/23 included the roof, windows, HVAC, electrical system, plumbing, and flooring. The property was built in 1960 and is heated by forced air with central air conditioning.
Both units are supported by separate utilities. Additional features include a shared basement with storage lockers, off-street parking, and a driveway. The property occupies 0.07 acres on Oak Avenue in Delaware County.
Both units are supported by separate utilities. Additional features include a shared basement with storage lockers, off-street parking, and a driveway. The property occupies 0.07 acres on Oak Avenue in Delaware County.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- 1,560 square feet on a 0.07‑acre parcel
- Renovated in 2022/23 with new roof, windows, HVAC, electrical, plumbing, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,980
$342.0K
Cap Rate 7%
$244,271
$244.3K
Cap Rate 9%
$189,989
$190.0K
Market Conditions
NOI Build-Up for 1,560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.1K $18.00/SF
− Vacancy
−$3.7K −$2.34/SF
EGI
$24.4K $15.66/SF
− OpEx
−$7.3K −$4.70/SF
NOI
$17.1K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,980
Cap Rate 7%
$244,271
Cap Rate 9%
$189,989
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.7K – $285.0K
NOI $17,099 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$223.4K
$195.5K – $260.6K
NOI $15,638 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$473.0K
$413.9K – $551.8K
NOI $33,108 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a basement with storage lockers and have separate utility service.
Where is this duplex located?
The property is located at 104 OAK Avenue Lansdowne, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit; 1,560 square feet on a 0.07‑acre parcel; Renovated in 2022/23 with new roof, windows, HVAC, electrical, plumbing, and flooring
