Two-Unit Duplex
For Sale
$349,972
104 N Union Ave, Lansdowne, PA 19050
Residential income property with a two-bedroom upper apartment and a larger lower-level unit configuration.
Property Size1,678 SF
Price / SF$208.56
Days on Market58
Property Features for 104 N Union Ave
General Information
Standard status
Active
Size
1,678 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,389
Amenities
washer and dryer
Listing Agency:
RE/MAX Preferred - Newtown Square
(610) 325-4100
Listed By:
John A Gallagher · License #RS293961
(610) 505-7700
Source:
Exprealty
Added: Aug 27
Changed: Oct 7
Last Checked: Oct 23 at 7:34AM
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 RE/MAX Preferred - Newtown Square
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Investment Insights
Based on property information with market context.
This 1,678-square-foot duplex at 104 N Union Ave includes two residential units with distinct layouts. The second-floor apartment offers two bedrooms and is occupied by a long-time tenant. The first-floor unit includes a bedroom, full bathroom, living room, and large kitchen, while its lower level adds two bedrooms, another full bathroom, a washer and dryer, and an exterior exit.
The property is located in Lansdowne, PA. Its two-unit configuration provides a residential income setup with varied living arrangements across the upper, main, and lower levels.
The property is located in Lansdowne, PA. Its two-unit configuration provides a residential income setup with varied living arrangements across the upper, main, and lower levels.
Key Highlights
- 1,678‑square‑foot duplex at 104 N Union Ave, Lansdowne, PA
- Second‑floor apartment has 2 bedrooms and a long‑time tenant
- First‑floor unit includes 3 bedrooms, a full bathroom, living room, and large kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,392
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,840
$367.8K
Cap Rate 7%
$262,743
$262.7K
Cap Rate 9%
$204,356
$204.4K
Market Conditions
NOI Build-Up for 1,678 SF
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 Rate 5%
$367,840
Cap Rate 7%
$262,743
Cap Rate 9%
$204,356
Alternative Uses
Best Use
Multifamily LT 5
$262.7K
$229.9K – $306.5K
NOI $18,392 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$240.3K
$210.3K – $280.4K
NOI $16,821 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$508.8K
$445.2K – $593.6K
NOI $35,613 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with a two-bedroom upper apartment and a larger lower-level unit configuration.
Where is this duplex located?
The property is located at 104 N Union Ave Lansdowne, PA.
What is the asking price?
The asking price for this property is $349,972.
What are key features of this property?
This property features: 1,678‑square‑foot duplex at 104 N Union Ave, Lansdowne, PA; Second‑floor apartment has 2 bedrooms and a long‑time tenant; First‑floor unit includes 3 bedrooms, a full bathroom, living room, and large kitchen
