Two-Unit Duplex with Outdoor
New
For Sale
$375,000
1708 HOLMES Avenue, Prospect Park, PA 19076
Multi-Family, PROSPECT PARK, PA
Property Size2,080 SF
Price / SF$180.29
Days on Market2
Property Features for 1708 HOLMES Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway, Off Street
Subdivision
NONE AVAILABLE
Elementary school district
INTERBORO
Middle school district
INTERBORO
High school district
INTERBORO
Standard status
Active
Size
2,080 SF
Taxes and HOA fees
Tax Annual Amount
5884
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
fenced backyard
lower patio
upper deck
Building Details
Year built
1969
Number of units
2
Building materials
Vinyl Siding, Brick
Architectural style
Other
Listing Agency:
Keller Williams Real Estate -Exton · Keller Williams Realty
(610) 363-4300
Listed By:
Julia Smith · License #RS346668
(215) 353-3368
Added: Sep 22
Last Checked: Sep 23 at 9:06AM
MLS# PADE2124416
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 2,080-square-foot duplex, built in 1969, contains two residences with matching layouts. Each unit includes bedrooms, a full bathroom, a kitchen, and a naturally lit living area. The property also offers vinyl siding and brick construction, forced-air heat, central air, and separate outdoor areas that include a fenced backyard, lower patio, and upper deck.
A driveway and off-street parking accommodate up to six vehicles. Recent work includes second-floor windows and exterior doors in 2023; a roof, gutters, second-floor bathroom renovation, and second-floor HVAC system in 2020; and a first-floor bathroom renovation, first-floor HVAC system, and first-floor windows in 2021. The duplex is located in Prospect Park, Pennsylvania, in Delaware County, near local parks, shops, and dining.
A driveway and off-street parking accommodate up to six vehicles. Recent work includes second-floor windows and exterior doors in 2023; a roof, gutters, second-floor bathroom renovation, and second-floor HVAC system in 2020; and a first-floor bathroom renovation, first-floor HVAC system, and first-floor windows in 2021. The duplex is located in Prospect Park, Pennsylvania, in Delaware County, near local parks, shops, and dining.
Key Highlights
- Two‑unit duplex totaling 2080 square feet
- Matching layouts with a full bathroom and kitchen in each unit
- Built in 1969 with vinyl siding and brick construction
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
$22,798
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
6.08%
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%
$455,960
$456.0K
Cap Rate 7%
$325,686
$325.7K
Cap Rate 9%
$253,311
$253.3K
Market Conditions
NOI Build-Up for 2,080 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
$37.4K $18.00/SF
− Vacancy
−$4.9K −$2.34/SF
EGI
$32.6K $15.66/SF
− OpEx
−$9.8K −$4.70/SF
NOI
$22.8K $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%
$455,960
Cap Rate 7%
$325,686
Cap Rate 9%
$253,311
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $380.0K
NOI $22,798 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$297.9K
$260.6K – $347.5K
NOI $20,851 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$630.6K
$551.8K – $735.7K
NOI $44,144 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 19076, PA
6,488
Population
2,680
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
9,269
Density / Sq Mi
$65,238
Median Household Income
$43,588
Median Earnings
$1,154
Median Rent
$239,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with mirrored residences, separate living areas, updated systems, and off-street parking.
Where is this duplex located?
The property is located at 1708 HOLMES Avenue Prospect Park, 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 duplex totaling 2080 square feet; Matching layouts with a full bathroom and kitchen in each unit; Built in 1969 with vinyl siding and brick construction
