Duplex with Oversized
New
For Sale
$275,000
247 Burmont Rd, Drexel Hill, PA 19026
Two-story duplex conversion with separate floor layouts and a garage that can also generate rental income.
Property Size1,818 SF
Price / SF$151.27
Days on Market4
Property Features for 247 Burmont Rd
General Information
Standard status
Active
Size
1,818 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
Real of Pennsylvania
Listed By:
David M Spencer
(856) 649-6174
Source:
Kathywolfgang
Added: Sep 19
Last Checked: Sep 21 at 12:31PM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This 1,818-square-foot, two-story duplex conversion provides distinct living arrangements across two floors. The lower level includes one bedroom and one bathroom, while the upper level offers two or three bedrooms and one and one-half bathrooms. A newly installed roof extends to the sheathing, and the property includes an oversized garage with separate rental potential.
Located at 247 Burmont Rd in Drexel Hill, Pennsylvania, the property combines residential income use with substantial garage space. The flexible upper-level bedroom configuration and rentable garage add practical options for an owner seeking a duplex with additional income-producing space.
Located at 247 Burmont Rd in Drexel Hill, Pennsylvania, the property combines residential income use with substantial garage space. The flexible upper-level bedroom configuration and rentable garage add practical options for an owner seeking a duplex with additional income-producing space.
Key Highlights
- Two‑story duplex conversion with separate lower- and upper‑level living areas
- 1,818 SF property at 247 BURMONT RD, Drexel Hill, PA 19026
- Lower level includes 1 bedroom and 1 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
$19,927
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
7.25%
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%
$398,540
$398.5K
Cap Rate 7%
$284,671
$284.7K
Cap Rate 9%
$221,411
$221.4K
Market Conditions
NOI Build-Up for 1,818 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
$32.7K $18.00/SF
− Vacancy
−$4.3K −$2.34/SF
EGI
$28.5K $15.66/SF
− OpEx
−$8.5K −$4.70/SF
NOI
$19.9K $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%
$398,540
Cap Rate 7%
$284,671
Cap Rate 9%
$221,411
Alternative Uses
Best Use
Multifamily LT 5
$284.7K
$249.1K – $332.1K
NOI $19,927 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$260.4K
$227.8K – $303.8K
NOI $18,225 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$551.2K
$482.3K – $643.1K
NOI $38,584 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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-story duplex conversion with separate floor layouts and a garage that can also generate rental income.
Where is this duplex located?
The property is located at 247 Burmont Rd Drexel Hill, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑story duplex conversion with separate lower- and upper‑level living areas; 1,818 SF property at 247 BURMONT RD, Drexel Hill, PA 19026; Lower level includes 1 bedroom and 1 bathroom
