Building Details

Year Built 1928

Buildings 1

Listing Agency: OwnerEntry.com

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

Source: Cummingsrealtors

Added: Aug 15 Changed: Sep 3 Last Checked: Sep 2 at 5:45PM

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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 = 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

$20,146

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

5.23%

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%

$402,920 $402.9K

Cap Rate 7%

$287,800 $287.8K

Cap Rate 9%

$223,844 $223.8K

Market Conditions

NOI Build-Up for 1,838 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

$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 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%

$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.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom HVAC Service Big Box & Wholesale Store Hair Salon

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

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?

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