Duplex With Detached
New
For Sale
$325,000
1204 MILDRED Avenue, Abington, PA 19001
Multi-Family, ABINGTON, PA
Property Size1,382 SF
Lot Size0.14 Acres
Price / SF$235.17
Days on Market1
Property Features for 1204 MILDRED Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
5
Parking features
Garage - Detached, Driveway, Carport
Interior features
Ceiling Fan(s)
Middle school
ABINGTON JUNIOR
High school
ABINGTON SENIOR
Elementary school district
ABINGTON
Middle school district
ABINGTON
High school district
ABINGTON
Standard status
Active
Size
1,382 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
5053
Utilities
Heating system
Other (Heating)
Amenities
laundry area
Building Details
Year built
1921
Number of units
2
Listing Agency:
RE/MAX Legacy · RE/MAX International
(215) 822-8200
Listed By:
David Curry · License #RS209584L
(215) 850-3223
Added: Sep 18
Last Checked: Sep 18 at 2:06PM
MLS# PAMC2194664
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,382-square-foot duplex, built in 1921, contains two separate residences with distinct entrances. The first-floor apartment has 1 bedroom and 1 bath, while the second-floor unit provides 2 bedrooms and 1 bath. A full unfinished basement offers additional storage space, and the property also includes a laundry area and ceiling fan(s). Heating is listed as other.
The property at 1204 Mildred Avenue in Abington, PA, occupies 0.1437 acres. Parking is provided through a detached garage, carport, and driveway. The owner pays essential utilities, and the property is near a train station and shopping. Montgomery County location and 19001 postal designation provide additional context for the asset.
The property at 1204 Mildred Avenue in Abington, PA, occupies 0.1437 acres. Parking is provided through a detached garage, carport, and driveway. The owner pays essential utilities, and the property is near a train station and shopping. Montgomery County location and 19001 postal designation provide additional context for the asset.
Key Highlights
- Two‑unit duplex with 1‑bedroom/1‑bath and 2‑bedroom/1‑bath residences
- 1,382 square feet across the duplex
- 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
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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
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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 - Two separately entered apartments include a one-bedroom lower unit and a two-bedroom upper unit.
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 duplex with 1‑bedroom/1‑bath and 2‑bedroom/1‑bath residences; 1,382 square feet across the duplex; Full unfinished basement and dedicated laundry area
