Two-Unit Duplex with
For Sale
$375,000
150 KEDRON AVE, Folsom, PA 19033
One apartment is leased month-to-month, while the second is vacant and ready for occupancy.
Property Size1,536 SF
Price / SF$244.14
Days on Market54
Property Features for 150 KEDRON AVE
General Information
Standard status
Active
Size
1,536 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Listing Agency:
RE/MAX Main Line-West Chester
(610) 692-6976
Listed By:
Thomas Toole III · License #RS228901
(610) 692-6976
Source:
Sandrasellstheshore
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 31 at 5:19PM
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 RE/MAX Main Line-West Chester
Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex contains two separate residences with independent entrances. The first-floor apartment has a kitchen with tile flooring, a carpeted living room with fireplace, two bedrooms, and a full bathroom with a tub and shower combination. It is occupied under a month-to-month lease. The upper unit includes an eat-in kitchen, two bedrooms, and a full bathroom with a tub and shower combination, and is currently vacant.
Off-street parking includes a four-car driveway and a two-car garage. Positioned across from Wawa, the property is near shopping, restaurants, and everyday amenities. The sale is offered in as-is condition.
Off-street parking includes a four-car driveway and a two-car garage. Positioned across from Wawa, the property is near shopping, restaurants, and everyday amenities. The sale is offered in as-is condition.
Key Highlights
- Two‑unit duplex with 1536 square feet of total property size
- First‑floor unit occupied under a month‑to‑month lease
- Second unit is vacant and ready for tenants
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
$16,836
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
4.49%
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%
$336,720
$336.7K
Cap Rate 7%
$240,514
$240.5K
Cap Rate 9%
$187,067
$187.1K
Market Conditions
NOI Build-Up for 1,536 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
$27.6K $18.00/SF
− Vacancy
−$3.6K −$2.34/SF
EGI
$24.1K $15.66/SF
− OpEx
−$7.2K −$4.70/SF
NOI
$16.8K $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%
$336,720
Cap Rate 7%
$240,514
Cap Rate 9%
$187,067
Alternative Uses
Best Use
Multifamily LT 5
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$465.7K
$407.5K – $543.3K
NOI $32,599 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
Explore this area
Business Placement
Demographics for 19033, PA
7,798
Population
2,987
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
6,498
Density / Sq Mi
$102,313
Median Household Income
$50,659
Median Earnings
$1,284
Median Rent
$264,300
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 - One apartment is leased month-to-month, while the second is vacant and ready for occupancy.
Where is this duplex located?
The property is located at 150 KEDRON AVE Folsom, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 1536 square feet of total property size; First‑floor unit occupied under a month‑to‑month lease; Second unit is vacant and ready for tenants
