Folsom Two-Unit Investment
For Sale
$375,000
150 KEDRON Avenue, Folsom, PA 19033
Multi-Family, FOLSOM, PA
Property Size1,536 SF
Lot Size0.19 Acres
Price / SF$244.14
Days on Market169
Property Features for 150 KEDRON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room, Basement
Parking
6
Parking features
Driveway, Garage - Detached
Interior features
Ceiling Fan(s), Dining Area, Walk-in Closet(s), Carpet, Built-Ins, 2nd Kitchen
Fireplace
1
Appliances
Refrigerator, Stove, WaterHeater, Dishwasher, Dryer - Electric, Washer - Front Loading
Elementary school
AMOSLAND
Middle school
RIDLEY
High school
RIDLEY
Elementary school district
RIDLEY
Middle school district
RIDLEY
High school district
RIDLEY
Standard status
Active
Size
1,536 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
7800
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s), Ceiling Fan(s)
Building Details
Year built
1935
Number of units
2
Building materials
Aluminum Siding
Architectural style
Colonial
Listing Agency:
RE/MAX Main Line-West Chester · RE/MAX International
(610) 692-2228
Listed By:
Thomas Toole III · License #RS228901
(610) 692-6976
Added: Mar 13
Changed: Aug 19
Last Checked: Aug 28 at 7:06PM
MLS# PADE2109752
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.
Located in Folsom, this two-unit investment property at 150 Kedron Avenue features a large 4-car driveway and a 2-car garage, providing ample off-street parking. Each unit has a separate entrance. The first-floor unit is currently occupied on a month-to-month lease, offering immediate rental income and flexibility. This unit includes a kitchen with tile flooring, a living room with carpet and a fireplace, two bedrooms, and a full bathroom with a tub/shower combination. The second unit is currently vacant and ready for tenants. This unit features an eat-in kitchen with tile flooring, two bedrooms, and a full bathroom with a tub/shower combination. The property is conveniently located directly across from a Wawa, offering excellent accessibility and visibility, along with close proximity to local shopping, restaurants, and everyday amenities. This property, situated on a 0.19-acre lot, offers 1536 square feet of living space and is being sold in as-is condition. It presents a great opportunity to expand an investment portfolio or purchase a property in a highly convenient location.
Key Highlights
- Two‑unit investment property at 150 Kedron Avenue with separate entrances for each unit
- 4‑car driveway plus a 2‑car garage (detached) for convenient off‑street parking
- First‑floor unit currently occupied on a month‑to‑month lease
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
$16,836
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
4.49%
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%
$336,720
$336.7K
Cap Rate 7%
$240,514
$240.5K
Cap Rate 9%
$187,067
$187.1K
Market Conditions
NOI Build-Up for 1,536 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
$27.6K $18.00/SF
− Vacancy
−$3.6K −$2.34/SF
EGI
$24.1K $15.66/SF
− OpEx
−$7.2K −$4.70/SF
NOI
$16.8K $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%
$336,720
Cap Rate 7%
$240,514
Cap Rate 9%
$187,067
Alternative Uses
Best Use
Multifamily LT 5
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$465.7K
$407.5K – $543.3K
NOI $32,599 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
Explore this area
Business Placement
Demographics for 19033, PA
7,798
Population
2,987
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
6,498
Density / Sq Mi
$102,313
Median Household Income
$50,659
Median Earnings
$1,284
Median Rent
$264,300
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-unit property in Folsom with immediate rental income potential.
Where is this duplex located?
The property is located at 150 KEDRON Avenue Folsom, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit investment property at 150 Kedron Avenue with separate entrances for each unit; 4‑car driveway plus a 2‑car garage (detached) for convenient off‑street parking; First‑floor unit currently occupied on a month‑to‑month lease
