Duplex with Detached
New
For Sale
$519,000
56 Church Street, Willow Grove, PA 19090
Two-unit residential property with separate outdoor spaces, central air conditioning, and R4 zoning.
Property Size1,525 SF
Price / SF$340.33
Days on Market2
Property Features for 56 Church Street
General Information
Standard status
Active
Size
1,525 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
R4
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,489
Amenities
central air conditioning
front porch
screened-in deck
fenced rear yard
private deck
No
Kitchen - Eat-In
No Pool
Deck(s), Enclosed, Porch(es)
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Quinn & Wilson, Inc.
(267) 879-9146
Listed By:
Renee M Meister · License #RS312308
(267) 879-9146
Source:
Compass
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 6:38AM
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 Quinn & Wilson, Inc.
Investment Insights
Based on property information with market context.
This 1920 duplex contains two residential units with distinct layouts. The larger residence includes two bedrooms, a living room, dining area, eat-in kitchen, pantry, laundry, walk-in closet, full bath, screened deck, front porch, and fenced rear yard. The second unit offers one bedroom, a living room, eat-in kitchen, laundry hookup, full bath, and private deck. Central air conditioning serves both units.
A detached two-car garage adds an upper-level storage area. Both residences are occupied, and each tenant pays water, sewer, gas, and electric utilities directly. The property is located at 56 Church Street in Willow Grove, within walking distance of shopping, restaurants, public transportation, and everyday conveniences. Zoning is R4.
A detached two-car garage adds an upper-level storage area. Both residences are occupied, and each tenant pays water, sewer, gas, and electric utilities directly. The property is located at 56 Church Street in Willow Grove, within walking distance of shopping, restaurants, public transportation, and everyday conveniences. Zoning is R4.
Key Highlights
- Two‑unit duplex with 2‑bedroom and 1‑bedroom residences
- Both units currently occupied
- Detached two‑car garage with upper‑level storage
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
$22,158
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
4.27%
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%
$443,160
$443.2K
Cap Rate 7%
$316,543
$316.5K
Cap Rate 9%
$246,200
$246.2K
Market Conditions
NOI Build-Up for 1,525 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
$33.9K $22.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$31.7K $20.76/SF
− OpEx
−$9.5K −$6.23/SF
NOI
$22.2K $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 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%
$443,160
Cap Rate 7%
$316,543
Cap Rate 9%
$246,200
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$277.0K – $369.3K
NOI $22,158 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$294.3K
$257.5K – $343.4K
NOI $20,603 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$877.2K
$767.6K – $1.02M
NOI $61,404 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 19090, PA
20,180
Population
8,141
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,387
Density / Sq Mi
$97,341
Median Household Income
$55,254
Median Earnings
$1,606
Median Rent
$338,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate outdoor spaces, central air conditioning, and R4 zoning.
Where is this duplex located?
The property is located at 56 Church Street Willow Grove, PA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom and 1‑bedroom residences; Both units currently occupied; Detached two‑car garage with upper‑level storage
