Twin Duplex with Detached
118 RYERS AVENUE Cheltenham, PA 19012
For Sale
$450,000
Well maintained twin duplex offers two 2-bedroom, 2-bath units with updated kitchens and centralized air.
Property Size2,106 SF
Price / SF$213.68
Days on Market8
Property Features for 118 RYERS AVENUE
General Information
Standard status
Active
Size
2,106 SF
Property subtype
Duplex
Building Details
Year Built
1925
Listing Agency:
RE/MAX 2000
(215) 280-7222
Listed By:
Mariann Owens
(215) 280-7222
Source:
Cummingsrealtors
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 28 at 5:41AM
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 2000
Investment Insights
Based on property information with market context.
This well maintained twin duplex provides two separate residences, with each floor featuring two bedrooms and two bathrooms. Kitchens and bathrooms were renovated a few years ago, and both levels include central air. Interior finishes include hardwood floors and carpeting, along with bright rooms. A foyer entrance on each level leads to the unit space, and there is laundry access in the basement serving both floors.
The property includes a detached two-car garage and a rear yard with a patio. It is positioned for convenience to transit, shopping, and Burholme Park, supporting everyday accessibility for residents.
With updated kitchens and baths, separate utilities, and independent laundry access, the layout supports comfortable day-to-day living across both floors.
The property includes a detached two-car garage and a rear yard with a patio. It is positioned for convenience to transit, shopping, and Burholme Park, supporting everyday accessibility for residents.
With updated kitchens and baths, separate utilities, and independent laundry access, the layout supports comfortable day-to-day living across both floors.
Key Highlights
- Well‑maintained twin duplex built in 1925, offering two separate 2‑bedroom, 2‑bath units
- Both kitchens and bathrooms were renovated a few years ago
- Each floor has central air and separate utilities
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 | $46.8k | $22.20 |
| − Vacancy | −$3.0k | −$1.44 |
| EGI | $43.7k | $20.76 |
| − OpEx | −$13.1k | −$6.23 |
| NOI | $30.6k | $14.53 |
2,106 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$406.5K
$355.7K – $474.2K
NOI $28,453 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,798 @ 7.0% cap · market cap 18.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well maintained twin duplex offers two 2-bedroom, 2-bath units with updated kitchens and centralized air.
Where is this duplex located?
The property is located at 118 RYERS AVENUE Cheltenham, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑maintained twin duplex built in 1925, offering two separate 2‑bedroom, 2‑bath units; Both kitchens and bathrooms were renovated a few years ago; Each floor has central air and separate utilities
