Upgraded Townhouse
For Sale
$675,000
Pending
1 1/2 West Athens Avenue, Ardmore, PA 19003
Two residential units feature renovated baths, hardwood flooring, outdoor areas, and separate PECO utilities.
Property Size1,690 SF
Days on Market215
Property Features for 1 1/2 West Athens Avenue
General Information
Standard status
Pending
Size
1,690 SF
Property subtype
Multi-Family / Fee Simple
Zoning
1132 RES: DUPLEX
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,679
Amenities
hardwood floors
ceiling fans
enclosed front porch
gas stove
deck
patio
basement
washer/dryer
No
Kitchen - Eat-In, Ceiling Fan(s), Flat, Primary Bath(s), Wood Floors
No Pool
Above Grade, Below Grade
Sidewalks, Exterior Lighting
Patio(s), Deck(s)
Building Details
Year Built
1925
Buildings
1
Tenancy
Single
Listing Agency:
BHHS Fox & Roach - Haverford Sales Office
(610) 585-4595
Listed By:
Elizabeth F Fondren
(610) 585-4595
Source:
Compass
Added: Jan 27
Changed: Aug 30
Last Checked: Aug 30 at 3:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach - Haverford Sales Office
Investment Insights
Based on property information with market context.
This 1,690-square-foot townhouse duplex, built in 1925, contains two two-bedroom units with hardwood floors, eat-in kitchens, ceiling fans, and updated bathrooms. The first-floor residence includes an enclosed porch used as office space, a gas stove, French doors, and access to a rear garden with patio and deck. The upper unit has a living-room deck, refreshed lighting, and outdoor space near the kitchen. A full unfinished basement provides additional storage and includes laundry equipment and a new commode.
The property is located on West Athens Avenue in Ardmore, near Cricket Avenue restaurants and businesses, Suburban Square, Trader Joe’s, the post office, library, and Ardmore Community Center and pool under construction. Amtrak, R5 SEPTA, and bus service are a few blocks away. The property is within the Lower Merion School District and has zoning designated as 1132 RES: DUPLEX.
Two new gas heating units were added in 2024+2025. The first-floor unit is owner occupied, while the second-floor unit has a stated monthly rent. Utilities are separately metered through PECO, with the owner paying water.
The property is located on West Athens Avenue in Ardmore, near Cricket Avenue restaurants and businesses, Suburban Square, Trader Joe’s, the post office, library, and Ardmore Community Center and pool under construction. Amtrak, R5 SEPTA, and bus service are a few blocks away. The property is within the Lower Merion School District and has zoning designated as 1132 RES: DUPLEX.
Two new gas heating units were added in 2024+2025. The first-floor unit is owner occupied, while the second-floor unit has a stated monthly rent. Utilities are separately metered through PECO, with the owner paying water.
Key Highlights
- 1,690‑square‑foot townhouse duplex built in 1925
- Two 2‑bedroom units with renovated bathrooms and hardwood floors
- Rear garden with patio and deck, plus an upper‑level living‑room deck
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
$24,556
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
3.64%
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%
$491,120
$491.1K
Cap Rate 7%
$350,800
$350.8K
Cap Rate 9%
$272,844
$272.8K
Market Conditions
NOI Build-Up for 1,690 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
$37.5K $22.20/SF
− Vacancy
−$2.4K −$1.44/SF
EGI
$35.1K $20.76/SF
− OpEx
−$10.5K −$6.23/SF
NOI
$24.6K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /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%
$491,120
Cap Rate 7%
$350,800
Cap Rate 9%
$272,844
Alternative Uses
Best Use
Multifamily LT 5
$350.8K
$307.0K – $409.3K
NOI $24,556 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,832 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$972.1K
$850.6K – $1.13M
NOI $68,047 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 19003, PA
13,984
Population
6,346
Households
2.2
Avg Household Size
38
Median Age
70%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
6,992
Density / Sq Mi
$116,142
Median Household Income
$66,881
Median Earnings
$1,602
Median Rent
$441,400
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 feature renovated baths, hardwood flooring, outdoor areas, and separate PECO utilities.
Where is this duplex located?
The property is located at 1 1/2 West Athens Avenue Ardmore, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,690‑square‑foot townhouse duplex built in 1925; Two 2‑bedroom units with renovated bathrooms and hardwood floors; Rear garden with patio and deck, plus an upper‑level living‑room deck
