Two-Unit Duplex with Upper
For Sale
$540,000
126 POPLAR STREET, Ambler, PA 19002
Two apartments have separate gas and electric meters, private laundry, and leases extending through 2027.
Property Size2,350 SF
Price / SF$229.79
Days on Market8
Property Features for 126 POPLAR STREET
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
private laundry
shared backyard
storage shed
unfinished basement
deck
Building Details
Year Built
1870
Listing Agency:
RE/MAX Centre Realtors
(215) 343-8200
Listed By:
Angela M Perry · License #RS318910
(215) 908-3470
Source:
Cummingsrealtors
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 8:30PM
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 Centre Realtors
Investment Insights
Based on property information with market context.
This 2,350-square-foot duplex contains two apartments: a first-floor 2-bedroom, 1-bath unit of approximately 970 square feet and a second- and third-floor 3-bedroom, 1-bath unit of approximately 1,380 square feet. Both have private laundry and gas baseboard heat; the first-floor unit also has vinyl plank flooring, while the upper unit combines vinyl plank and carpet. Its kitchen opens onto an upper-level deck. The property also includes a shared backyard, storage shed, unfinished basement, and a French drain system with a backup hydraulic sump pump. Built in 1870, the building has separately metered gas and electric service and three off-street parking spaces in total.
The property is one block from Butler Avenue in Ambler Borough, within walking distance of restaurants, shops, parks, and entertainment. The Ambler SEPTA Regional Rail station is nearby, and the property is in the Wissahickon School District. Existing leases run through 2027.
The property is one block from Butler Avenue in Ambler Borough, within walking distance of restaurants, shops, parks, and entertainment. The Ambler SEPTA Regional Rail station is nearby, and the property is in the Wissahickon School District. Existing leases run through 2027.
Key Highlights
- Two apartments totaling 2,350 square feet: approximately 970 square feet with 2 bedrooms and 1 bath, and approximately 1,380 square feet with 3 bedrooms and 1 bath
- Current leases extend through 2027
- Separate gas and electric meters; both units have private laundry and gas baseboard heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,145
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,900
$682.9K
Cap Rate 7%
$487,786
$487.8K
Cap Rate 9%
$379,389
$379.4K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$52.2K $22.20/SF
− Vacancy
−$3.4K −$1.44/SF
EGI
$48.8K $20.76/SF
− OpEx
−$14.6K −$6.23/SF
NOI
$34.1K $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 Rate 5%
$682,900
Cap Rate 7%
$487,786
Cap Rate 9%
$379,389
Alternative Uses
Best Use
Multifamily LT 5
$487.8K
$426.8K – $569.1K
NOI $34,145 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$453.6K
$396.9K – $529.2K
NOI $31,749 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,622 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 19002, PA
33,279
Population
12,607
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
98%
High-School Grad
20.2 sq mi
ZIP Area
1,647
Density / Sq Mi
$140,070
Median Household Income
$70,319
Median Earnings
$1,605
Median Rent
$558,800
Median Home Value
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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 apartments have separate gas and electric meters, private laundry, and leases extending through 2027.
Where is this duplex located?
The property is located at 126 POPLAR STREET Ambler, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two apartments totaling 2,350 square feet: approximately 970 square feet with 2 bedrooms and 1 bath, and approximately 1,380 square feet with 3 bedrooms and 1 bath; Current leases extend through 2027; Separate gas and electric meters; both units have private laundry and gas baseboard heat
