Building Details

Year Built 1928

Buildings 1

Listing Agency: OwnerEntry.com

Listed By: David L White · License #SBR005629 Show Phone

Source: Cummingsrealtors

Added: Aug 23 Changed: Oct 16 Last Checked: Oct 16 at 8:30AM

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Investment Insights

Based on property information with market context.

This 1,838-square-foot duplex, built in 1928, contains two vacant units with distinct residential layouts. The first-floor unit includes one bedroom, one full bathroom, and a practical living area. The upper unit provides two bedrooms, one bathroom, and attic space. Recent renovations and continued maintenance have addressed the property’s physical condition.

The property is located near shopping, dining, public transportation, and major roadways in Woodlyn, Pennsylvania. With both units currently vacant, the next owner can occupy one unit while leasing the other or establish a separate arrangement for each residence, as supported by the existing configuration.

Key Highlights

• 1,838 SF duplex constructed in 1928
• Two vacant residential units
• First‑floor unit with 1 bedroom and 1 full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,146

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$402,920 $402.9K

Cap Rate 7%

$287,800 $287.8K

Cap Rate 9%

$223,844 $223.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,838 SF

Gross rent

$33.1K $18.00/SF

− Vacancy

−$4.3K −$2.34/SF

EGI

$28.8K $15.66/SF

− OpEx

−$8.6K −$4.70/SF

NOI

$20.1K $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%

$402,920

Cap Rate 7%

$287,800

Cap Rate 9%

$223,844

Alternative Uses

Best Use

Multifamily LT 5

$287.8K

$251.8K – $335.8K (±1% cap)

NOI $20,146 @ 7.0% cap · market cap 5.23%

Second Best

Apartment 5plus

$263.2K

$230.3K – $307.1K (±1% cap)

NOI $18,425 @ 7.0% cap · market cap 4.79%

Theoretical Best

Office A

$557.3K

$487.6K – $650.1K (±1% cap)

NOI $39,008 @ 7.0% cap · market cap 10.13%

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 Kitchen & Bath Showroom HVAC Service Big Box & Wholesale Store Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

490

Businesses Nearby

Explore this area Business Placement

Demographics for 19094, PA

4,426

Population

1,862

Households

2.4

Avg Household Size

40

Median Age

33%

College-Educated

92%

High-School Grad

0.8 sq mi

ZIP Area

5,533

Density / Sq Mi

$63,307

Median Household Income

$42,168

Median Earnings

$1,287

Median Rent

$244,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

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5-Unit Apartment Building

672 COLWELL ROAD, Woodlyn, PA 19094

$649,900

2,108 SF

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Retail Space with Security Counter

1937 MACDADE BOULEVARD, Woodlyn, PA 19094

Contact for pricing

400 SF

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Frequently Asked Questions

What type of property is this?

Duplex - Two vacant units support owner occupancy or separate leasing arrangements.

Where is this duplex located?

The property is located at 1301 BULLENS LANE Woodlyn, PA.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: 1,838 SF duplex constructed in 1928; Two vacant residential units; First‑floor unit with 1 bedroom and 1 full bathroom