Building Details

Year built 1943

Number of units 2

Building materials Brick

Architectural style Other

Listing Agency: Keller Williams Main Line · Keller Williams Realty k***@kw.com Show Phone

Listed By: Joey Ferrell · License #RS320027 Show Phone

Added: Oct 13 Last Checked: Oct 13 at 4:06PM

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MLS# PADE2125660

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 brick duplex contains two residences, each arranged with two bedrooms, one bathroom, and a dining area. The property totals 1,760 square feet on a 0.07-acre lot. Recent improvements include new kitchens and bathrooms in both units, LVP flooring, recessed lighting, separate HVAC systems with new ductwork, a new gas line, roof, and windows. Central heating and air conditioning serve the building.

The property is near Route 420, public transportation, the Blue Route, and I-95. Parking includes a driveway and alley access.

Key Highlights

• Two units, each with 2 bedrooms and 1 bathroom
• 1,760‑square‑foot brick duplex on a 0.07‑acre lot
• Updated kitchens and bathrooms in both units, with LVP flooring and recessed lighting

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 (±1% cap)

NOI $19,291 @ 7.0% cap · market cap 4.49%

Second Best

Apartment 5plus

$252.0K

$220.5K – $294.1K (±1% cap)

NOI $17,643 @ 7.0% cap · market cap 4.10%

Theoretical Best

Office A

$533.6K

$466.9K – $622.6K (±1% cap)

NOI $37,353 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Bakery (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Utilities to site

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences have refreshed kitchens and baths, separate HVAC systems, and two bedrooms with one bathroom apiece.

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‑foot brick duplex on a 0.07‑acre lot; Updated kitchens and bathrooms in both units, with LVP flooring and recessed lighting