Duplex with Detached
New
For Sale
$325,000
1204 MILDRED AVENUE, Abington, PA 19001
Two separate residences with private entrances, laundry space, unfinished basement storage, and multiple parking options.
Property Size1,382 SF
Lot Size0.14 Acres
Days on Market2
Property Features for 1204 MILDRED AVENUE
General Information
Standard status
Active
Size
1,382 SF
Lot size
0.14 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,053
Amenities
laundry area
Building Details
Building Size
1,382 SF
Year Built
1921
Listing Agency:
RE/MAX Legacy
Listed By:
David Curry · License #RS209584L
(215) 850-3223
Source:
Lizclarkrealestate
Added: Sep 18
Last Checked: Sep 18 at 3:06PM
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 Legacy
Investment Insights
Based on property information with market context.
This duplex, built in 1921, contains two separately accessed residences: a first-floor one-bedroom, one-bath unit and a second-floor two-bedroom, one-bath unit. The property also includes a full unfinished basement, laundry area, detached garage, carport, and driveway parking. Essential utilities are paid by the owner.
Situated on a 0.14-acre lot in a neighborhood characterized primarily by single-family homes, the property is near a train station and shopping. The outdoor area provides space for landscaping or other exterior improvements. Its two-unit layout, separate entrances, storage area, and varied parking accommodations support practical residential rental use.
Situated on a 0.14-acre lot in a neighborhood characterized primarily by single-family homes, the property is near a train station and shopping. The outdoor area provides space for landscaping or other exterior improvements. Its two-unit layout, separate entrances, storage area, and varied parking accommodations support practical residential rental use.
Key Highlights
- Two‑unit layout with separate entrances
- First‑floor 1‑bedroom, 1‑bath unit and second‑floor 2‑bedroom, 1‑bath unit
- Full unfinished basement and dedicated laundry area
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
$20,080
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
6.18%
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%
$401,600
$401.6K
Cap Rate 7%
$286,857
$286.9K
Cap Rate 9%
$223,111
$223.1K
Market Conditions
NOI Build-Up for 1,382 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
$30.7K $22.20/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$28.7K $20.76/SF
− OpEx
−$8.6K −$6.23/SF
NOI
$20.1K $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%
$401,600
Cap Rate 7%
$286,857
Cap Rate 9%
$223,111
Alternative Uses
Best Use
Multifamily LT 5
$286.9K
$251.0K – $334.7K
NOI $20,080 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,671 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$794.9K
$695.6K – $927.4K
NOI $55,646 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 19001, PA
17,215
Population
6,643
Households
2.6
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
5,380
Density / Sq Mi
$105,271
Median Household Income
$58,019
Median Earnings
$1,355
Median Rent
$343,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences with private entrances, laundry space, unfinished basement storage, and multiple parking options.
Where is this duplex located?
The property is located at 1204 MILDRED AVENUE Abington, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit layout with separate entrances; First‑floor 1‑bedroom, 1‑bath unit and second‑floor 2‑bedroom, 1‑bath unit; Full unfinished basement and dedicated laundry area
