Renovated Two-Unit
New
For Sale
$429,900
121 RUTLEDGE AVENUE, Folsom, PA 19033
Both residences offer two bedrooms and one bathroom, with separate HVAC systems and ductwork.
Property Size1,760 SF
Price / SF$244.26
Days on Market4
Property Features for 121 RUTLEDGE AVENUE
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1943
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Joey Ferrell · License #RS320027
(610) 453-1211
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 9:30AM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms and one bathroom. The 1,760-square-foot building was constructed in 1943 and has undergone extensive renovations, including new kitchens and bathrooms in both units, LVP flooring, recessed lighting, and new HVAC systems with separate ductwork. Additional work includes a new gas line, roof, and windows.
The property is in Folsom, with access to Route 420, the Blue Route, I-95, and public transportation.
The property is in Folsom, with access to Route 420, the Blue Route, I-95, and public transportation.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,760 square feet; built in 1943
- New kitchens and bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,291
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,820
$385.8K
Cap Rate 7%
$275,586
$275.6K
Cap Rate 9%
$214,344
$214.3K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$31.7K $18.00/SF
− Vacancy
−$4.1K −$2.34/SF
EGI
$27.6K $15.66/SF
− OpEx
−$8.3K −$4.70/SF
NOI
$19.3K $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%
$385,820
Cap Rate 7%
$275,586
Cap Rate 9%
$214,344
Alternative Uses
Best Use
Multifamily LT 5
$275.6K
$241.1K – $321.5K
NOI $19,291 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$252.0K
$220.5K – $294.1K
NOI $17,643 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$533.6K
$466.9K – $622.6K
NOI $37,353 @ 7.0% cap · market cap 8.69%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 19033, PA
7,798
Population
2,987
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
6,498
Density / Sq Mi
$102,313
Median Household Income
$50,659
Median Earnings
$1,284
Median Rent
$264,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one bathroom, with separate HVAC systems and ductwork.
Where is this duplex located?
The property is located at 121 RUTLEDGE AVENUE Folsom, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,760 square feet; built in 1943; New kitchens and bathrooms in both residences
