Two-Unit Duplex with
For Sale
Under Contract
$349,900
1944 RIDLEY MILL Lane, Woodlyn, PA 19094
Multi-Family, WOODLYN, PA
Property Size1,680 SF
Lot Size0.18 Acres
Price / SF$208.27
Days on Market20
Property Features for 1944 RIDLEY MILL Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
1
Parking features
Garage - Attached, On Street, Driveway
Interior features
Carpet, Floor Plan - Traditional
Appliances
Dishwasher, Disposal, Dryer, Dryer - Electric, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Washer
Subdivision
RIDLEY PARK
Elementary school district
RIDLEY
Middle school district
RIDLEY
High school district
RIDLEY
Standard status
Active Under Contract
Size
1,680 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
7504
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Central Air
Building Details
Year built
1990
Number of units
2
Building materials
Aluminum Siding, Brick Front
Architectural style
Other
Listing Agency:
RE/MAX Main Line-Paoli · RE/MAX International
(610) 640-9300
Listed By:
Maureen A Petrucci · License #RS136610A
(267) 231-7069
Added: Sep 4
Changed: Sep 22
Last Checked: Sep 23 at 12:06AM
MLS# PADE2122976
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 1,680-square-foot duplex contains two separate residences, each arranged with 2 bedrooms, 1 bathroom, a living room, kitchen, dining room, and washer and dryer. Both units include an attached garage, private driveway, additional street parking, and separate storage. Built in 1990, the property has aluminum siding with a brick front, heat-pump heating and cooling, central air, and electric service.
Set on a 0.18-acre parcel in Woodlyn, the property provides access to I-95 and 476 and is located near Philadelphia International Airport, shopping, and dining. The traditional floor plans and two-residence configuration support owner-occupancy, multi-generational living, or rental use as described in the property information.
Set on a 0.18-acre parcel in Woodlyn, the property provides access to I-95 and 476 and is located near Philadelphia International Airport, shopping, and dining. The traditional floor plans and two-residence configuration support owner-occupancy, multi-generational living, or rental use as described in the property information.
Key Highlights
- Two separate residences, each with 2 bedrooms and 1 bathroom
- 1,680 square feet on a 0.18‑acre parcel
- Each unit includes an attached garage, private driveway, street parking, and separate storage
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
$18,414
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
5.26%
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%
$368,280
$368.3K
Cap Rate 7%
$263,057
$263.1K
Cap Rate 9%
$204,600
$204.6K
Market Conditions
NOI Build-Up for 1,680 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
$30.2K $18.00/SF
− Vacancy
−$3.9K −$2.34/SF
EGI
$26.3K $15.66/SF
− OpEx
−$7.9K −$4.70/SF
NOI
$18.4K $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%
$368,280
Cap Rate 7%
$263,057
Cap Rate 9%
$204,600
Alternative Uses
Best Use
Multifamily LT 5
$263.1K
$230.2K – $306.9K
NOI $18,414 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$240.6K
$210.5K – $280.7K
NOI $16,841 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$509.4K
$445.7K – $594.3K
NOI $35,655 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 19094, PA
4,426
Population
1,862
Households
2.4
Avg Household Size
40
Median Age
33%
College-Educated
92%
High-School Grad
0.8 sq mi
ZIP Area
5,533
Density / Sq Mi
$63,307
Median Household Income
$42,168
Median Earnings
$1,287
Median Rent
$244,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residences feature private parking, separate storage, and individual kitchens, dining rooms, and laundry appliances.
Where is this duplex located?
The property is located at 1944 RIDLEY MILL Lane Woodlyn, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two separate residences, each with 2 bedrooms and 1 bathroom; 1,680 square feet on a 0.18‑acre parcel; Each unit includes an attached garage, private driveway, street parking, and separate storage
