Renovated Two-Unit
New
For Sale
$265,000
144 LEXINGTON AVENUE, Lansdowne, PA 19050
Both residences offer two bedrooms, and the first-floor apartment has been updated with contemporary finishes.
Property Size1,592 SF
Days on Market7
Property Features for 144 LEXINGTON AVENUE
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,241
Building Details
Building Size
1,592 SF
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Kathryn A Molloy · License #RS205116L
(610) 247-7953
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 13 at 2:59AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 1910 duplex contains two apartments, each with two bedrooms, across 1,592 square feet. The first-floor residence has undergone a full renovation with contemporary finishes. The property is fully occupied, and residents pay their own PECO and water expenses.
Key Highlights
- Two 2‑bedroom apartments
- 1,592 square feet
- First‑floor unit fully renovated with contemporary finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,449
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,980
$349.0K
Cap Rate 7%
$249,271
$249.3K
Cap Rate 9%
$193,878
$193.9K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$28.7K $18.00/SF
− Vacancy
−$3.7K −$2.34/SF
EGI
$24.9K $15.66/SF
− OpEx
−$7.5K −$4.70/SF
NOI
$17.4K $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%
$348,980
Cap Rate 7%
$249,271
Cap Rate 9%
$193,878
Alternative Uses
Best Use
Multifamily LT 5
$249.3K
$218.1K – $290.8K
NOI $17,449 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$228.0K
$199.5K – $266.0K
NOI $15,959 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$482.7K
$422.3K – $563.1K
NOI $33,787 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Check the figures for this property
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 - Both residences offer two bedrooms, and the first-floor apartment has been updated with contemporary finishes.
Where is this duplex located?
The property is located at 144 LEXINGTON AVENUE Lansdowne, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two 2‑bedroom apartments; 1,592 square feet; First‑floor unit fully renovated with contemporary finishes
