Duplex with Detached
For Sale
Under Contract
$399,900
213 DORRANCE Street, Bristol, PA 19007
Multi-Family, BRISTOL, PA
Property Size2,204 SF
Lot Size0.07 Acres
Price / SF$181.44
Days on Market50
Property Features for 213 DORRANCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking
2
Parking features
On Street, Garage - Detached
Interior features
Carpet, Dining Area
Appliances
Oven/Range - Electric, Refrigerator, Washer, Dryer
Subdivision
BRISTOL
Elementary school
SNYDER - GIROTTI
High school
BRISTOL JUNIOR/SENIOR
Elementary school district
BRISTOL BOROUGH
Middle school district
BRISTOL BOROUGH
High school district
BRISTOL BOROUGH
Standard status
Active Under Contract
Size
2,204 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4042
Utilities
Heating system
Other (Heating)
Building Details
Year built
1901
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
RE/MAX Realty Services-Bensalem · RE/MAX International
(215) 245-2100
Listed By:
Lisa A DiZio · License #RS250572
(215) 245-2114
Added: Jul 17
Changed: Sep 1
Last Checked: Sep 4 at 5:06PM
MLS# PABU2126800
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 2,204-square-foot duplex includes two distinct residential units within a frame building constructed in 1901. The first-floor apartment has one bedroom, a dining area, carpet, and an electric oven/range, refrigerator, washer, and dryer. Upstairs, the second unit offers two bedrooms and a loft. Separate utilities serve the residences.
A detached two-car garage provides additional on-site space and is also configured for separate rental use. The property includes a basement and offers both detached garage and on-street parking. Its Bristol setting places the home within walking distance of the waterfront, restaurants, and shopping.
A detached two-car garage provides additional on-site space and is also configured for separate rental use. The property includes a basement and offers both detached garage and on-street parking. Its Bristol setting places the home within walking distance of the waterfront, restaurants, and shopping.
Key Highlights
- 2,204‑square‑foot duplex in Bristol, PA
- First‑floor unit with 1 bedroom
- Second‑floor unit with 2 bedrooms and a loft
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
$27,289
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
6.82%
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%
$545,780
$545.8K
Cap Rate 7%
$389,843
$389.8K
Cap Rate 9%
$303,211
$303.2K
Market Conditions
NOI Build-Up for 2,204 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
$51.3K $23.28/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$49.6K $22.51/SF
− OpEx
−$22.3K −$10.13/SF
NOI
$27.3K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$545,780
Cap Rate 7%
$389,843
Cap Rate 9%
$303,211
Alternative Uses
Best Use
Apartment 5plus
$389.8K
$341.1K – $454.8K
NOI $27,289 @ 7.0% cap · market cap 6.82%
Second Best
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,151 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$668.2K
$584.7K – $779.6K
NOI $46,776 @ 7.0% cap · market cap 11.70%
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
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
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 separate residential units with individual utilities and an additional detached garage.
Where is this duplex located?
The property is located at 213 DORRANCE Street Bristol, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,204‑square‑foot duplex in Bristol, PA; First‑floor unit with 1 bedroom; Second‑floor unit with 2 bedrooms and a loft
