Duplex Property with Three-Bay
New
For Sale
$384,900
116 N Springfield Rd, Clifton Heights, PA
The property combines a three-bedroom main residence with a separate two-bedroom apartment above the garage.
Property Size1,744 SF
Price / SF$220.70
Days on Market7
Property Features for 116 N Springfield Rd
General Information
Standard status
Active
Size
1,744 SF
Total Parking Spaces
3
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,647
Building Details
Buildings
2
Listing Agency:
Realty One Group Restore - Collegeville
(484) 902-8880
Listed By:
Deborah Kathleen Hagan · License #RS355140
(484) 238-6592
Source:
Exprealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 10:26PM
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 Realty One Group Restore - Collegeville
Investment Insights
Based on property information with market context.
This duplex property includes a three-bedroom, 2.5-bathroom main residence and a separate two-bedroom apartment. The main home has an enclosed front porch, living room, kitchen, bonus room with laundry and half bath, mudroom, and basement with plumbing for a full bath. The apartment sits above a detached garage and has an open living area, two bedrooms, a tiled walk-in shower, and access to crawl-space storage.
The detached garage contains three bays; two are joined by an interior doorway, while the third is separate. An attached shed provides additional storage. The property is currently fully rented.
The detached garage contains three bays; two are joined by an interior doorway, while the third is separate. An attached shed provides additional storage. The property is currently fully rented.
Key Highlights
- Currently fully rented
- Main residence offers 3 bedrooms and 2.5 bathrooms
- Separate 2‑bedroom apartment above the detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,116
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,320
$382.3K
Cap Rate 7%
$273,086
$273.1K
Cap Rate 9%
$212,400
$212.4K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$31.4K $18.00/SF
− Vacancy
−$4.1K −$2.34/SF
EGI
$27.3K $15.66/SF
− OpEx
−$8.2K −$4.70/SF
NOI
$19.1K $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%
$382,320
Cap Rate 7%
$273,086
Cap Rate 9%
$212,400
Alternative Uses
Best Use
Multifamily LT 5
$273.1K
$239.0K – $318.6K
NOI $19,116 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$249.8K
$218.5K – $291.4K
NOI $17,483 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$528.8K
$462.7K – $616.9K
NOI $37,013 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The property combines a three-bedroom main residence with a separate two-bedroom apartment above the garage.
Where is this duplex located?
The property is located at 116 N Springfield Rd Clifton Heights, PA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Currently fully rented; Main residence offers 3 bedrooms and 2.5 bathrooms; Separate 2‑bedroom apartment above the detached garage
