Updated Two-Unit
For Sale
$429,900
121 RUTLEDGE Avenue, Folsom, PA 19033
Multi-Family, FOLSOM, PA
Property Size1,760 SF
Lot Size0.07 Acres
Price / SF$244.26
Days on Market11
Property Features for 121 RUTLEDGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement
Parking
2
Parking features
Alley, Driveway
Interior features
Dining Area, Ceiling Fan(s)
Elementary school district
RIDLEY
Middle school district
RIDLEY
High school district
RIDLEY
Standard status
Active
Size
1,760 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7455
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1943
Number of units
2
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Joey Ferrell · License #RS320027
(610) 453-1211
Added: Oct 13
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This brick duplex contains two residences, each arranged with two bedrooms and one bathroom. The combined building area is 1,760 square feet on a 0.07-acre parcel. Interior work includes replacement kitchens and bathrooms in both units, LVP flooring, and recessed lighting. Each residence has a new HVAC system with its own ductwork. Other recent improvements include a gas line, roof, and windows. The property was built in 1943 and includes a dining area, basement, central heating, central air, alley access, and a driveway.
Route 420, public transportation, the Blue Route, and I-95 are identified as nearby transportation connections. The property is in Folsom, Pennsylvania, in Delaware County.
Route 420, public transportation, the Blue Route, and I-95 are identified as nearby transportation connections. The property is in Folsom, Pennsylvania, in Delaware County.
Key Highlights
- Two‑unit duplex with 1,760 square feet on a 0.07‑acre lot
- Each residence has 2 bedrooms and 1 bathroom
- New kitchens and bathrooms in both units, plus 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
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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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
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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 refreshed interior finishes.
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‑unit duplex with 1,760 square feet on a 0.07‑acre lot; Each residence has 2 bedrooms and 1 bathroom; New kitchens and bathrooms in both units, plus LVP flooring and recessed lighting
