Well-Maintained Duplex with Two 2BR
114 Pilgrim Lane Drexel Hill, PA 19026
114 Pilgrim Lane, Drexel Hill, PA, 19026
$395,000
Pending
For Sale
$395,000
Pending
Duplex offers two 2-bedroom, 1-bath units, each currently rented, with off-street and on-street parking.
Property Size1,856 SF
Days on Market131
Property Features for 114 Pilgrim Lane
General Information
- Standard status
- Pending
- Size
- 1,856 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing agency
Weichert, Realtors - Cornerstone
(717) 327-5538
Listed by
Danielle R. Barbone · License #RS366725
(717) 327-5538
Source
Compass
Added: Mar 13 Updated: Jul 20 at 6:40PM Checked: Jul 20 at 6:40PM
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 Weichert, Realtors - Cornerstone
Investment Insights
Based on property information with market context.
114 Pilgrim Lane is a well-maintained duplex in Drexel Hill offering two spacious 2-bedroom, 1-bath units. Each unit includes functional living layouts and storage space. Off-street and on-street parking are available, supporting convenient tenant access.
The property is located on a quiet, tree-lined street. It provides quick access to major commuter routes including Route 1, West Chester Pike, and the Blue Route, with nearby shopping and other amenities.
Both units are currently rented, offering an income-producing setup for an investor seeking a turnkey duplex.
The property is located on a quiet, tree-lined street. It provides quick access to major commuter routes including Route 1, West Chester Pike, and the Blue Route, with nearby shopping and other amenities.
Both units are currently rented, offering an income-producing setup for an investor seeking a turnkey duplex.
Key Highlights
- Well‑maintained duplex built in 1940 on a quiet, tree‑lined street in Drexel Hill
- Two spacious 2‑bedroom, 1‑bath units, each with storage space
- Both units are currently rented
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.4k | $18.00 |
| − Vacancy | −$4.3k | −$2.34 |
| EGI | $29.1k | $15.66 |
| − OpEx | −$8.7k | −$4.70 |
| NOI | $20.3k | $10.96 |
1,856 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$290.6K
$254.3K – $339.1K
NOI $20,343 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,606 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$562.7K
$492.4K – $656.5K
NOI $39,390 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offers two 2-bedroom, 1-bath units, each currently rented, with off-street and on-street parking.
Where is this duplex located?
The property is located at 114 Pilgrim Lane Drexel Hill, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1940 on a quiet, tree‑lined street in Drexel Hill; Two spacious 2‑bedroom, 1‑bath units, each with storage space; Both units are currently rented
