Duplex With Updated
New
For Sale
$389,000
129 HALL Street, Spring City, PA 19475
Multi-Family, SPRING CITY, PA
Property Size2,204 SF
Lot Size0.19 Acres
Price / SF$176.50
Days on Market1
Property Features for 129 HALL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Driveway, On Street
High school
SPRING FRD
Elementary school district
SPRING-FORD AREA
Middle school district
SPRING-FORD AREA
High school district
SPRING-FORD AREA
Standard status
Active
Size
2,204 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
4470
Utilities
Heating system
Hot Water(Heating)
Amenities
patio
backyard
laundry room
Building Details
Year built
1900
Number of units
2
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Keller Williams Real Estate -Exton · Keller Williams Realty
(610) 363-4300
Listed By:
Debbie Hepler · License #RS305011
(610) 420-6500
Added: Sep 3
Last Checked: Sep 3 at 3:06PM
MLS# PACT2135018
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 2,204-square-foot duplex in Spring City contains two tenant-occupied units within a frame Colonial built in 1900. The property sits on 0.1863 acres and includes a newer roof, updated heating systems, hardwood flooring on the main levels, and refreshed kitchen cabinetry and countertops. Each residence has two bedrooms and a full bathroom on the second floor, with an additional third-floor bedroom and office or sitting room. One unit includes two full bathrooms, while the other has one full bathroom and a first-floor laundry room.
Both units have independent outdoor access to a patio and a large, level backyard. Current leases are month-to-month, and residents are responsible for utilities. Parking is provided by a driveway and on-street spaces. The property is located in Spring City, Chester County, Pennsylvania.
Both units have independent outdoor access to a patio and a large, level backyard. Current leases are month-to-month, and residents are responsible for utilities. Parking is provided by a driveway and on-street spaces. The property is located in Spring City, Chester County, Pennsylvania.
Key Highlights
- 2,204 square feet on a 0.1863‑acre lot
- Two separate residential units with month‑to‑month tenant occupancy
- Newer roof and newer heating systems in both units
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
$25,327
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
6.51%
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%
$506,540
$506.5K
Cap Rate 7%
$361,814
$361.8K
Cap Rate 9%
$281,411
$281.4K
Market Conditions
NOI Build-Up for 2,204 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
$42.3K $19.20/SF
− Vacancy
−$6.1K −$2.78/SF
EGI
$36.2K $16.42/SF
− OpEx
−$10.9K −$4.92/SF
NOI
$25.3K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /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%
$506,540
Cap Rate 7%
$361,814
Cap Rate 9%
$281,411
Alternative Uses
Best Use
Multifamily LT 5
$361.8K
$316.6K – $422.1K
NOI $25,327 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$341.4K
$298.7K – $398.3K
NOI $23,899 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$668.2K
$584.7K – $779.6K
NOI $46,776 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 19475, PA
12,028
Population
5,154
Households
2.3
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
16.5 sq mi
ZIP Area
729
Density / Sq Mi
$92,140
Median Household Income
$60,409
Median Earnings
$948
Median Rent
$362,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units have separate outdoor access and flexible month-to-month leasing arrangements.
Where is this duplex located?
The property is located at 129 HALL Street Spring City, PA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,204 square feet on a 0.1863‑acre lot; Two separate residential units with month‑to‑month tenant occupancy; Newer roof and newer heating systems in both units
