Duplex with One-Bed and Three-Bed
For Sale
$375,000
1504 WILLOW Avenue, Elkins Park, PA 19027
MULTI_FAMILY - Other - ELKINS PARK, PA
Property Size1,412 SF
Lot Size0.06 Acres
Price / SF$265.58
Days on Market12
Property Features for 1504 WILLOW Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
LAMOTT
Elementary school
MYERS
Middle school
CEDARBROOK
High school
CHELTENHAM
Elementary school district
CHELTENHAM
Middle school district
CHELTENHAM
High school district
CHELTENHAM
Standard status
Active
Size
1,412 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4816
Utilities
Heating system
Central
Cooling system
Window Unit(s)
Building Details
Year built
1940
Number of units
2
Building materials
Asbestos
Architectural style
Other
Listing Agency:
Coldwell Banker Hearthside Realtors · Coldwell Banker Real Estate
(215) 379-2002
Listed By:
Robert Quattlebaum · License #RS356047
(215) 219-2785
Added: Jul 19
Changed: Jul 30
Last Checked: Jul 30 at 7:06PM
MLS# PAMC2188228
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1504 Willow Avenue is a duplex featuring two residential units: a 1 bedroom, 1 bathroom unit and a 3 bedroom, 1 bathroom unit. The property sits on a 0.0645-acre lot and includes a basement, with a total property size of 1,412 square feet. Built in 1940, the duplex is equipped with central heating and cooling provided by window unit(s). Construction materials include asbestos.
The home is located in the historic section of LaMott in Cheltenham Township, within minutes of the Cheltenham Mall Shopping Center. Shopping and dining options cited include Target, Chipotle, Chilis, Home Depot, Shop Rite, and LA Fitness. Transit access includes walking distance to SEPTA bus lines, with close proximity to the Melrose Park and Jenkintown train stations.
The home is located in the historic section of LaMott in Cheltenham Township, within minutes of the Cheltenham Mall Shopping Center. Shopping and dining options cited include Target, Chipotle, Chilis, Home Depot, Shop Rite, and LA Fitness. Transit access includes walking distance to SEPTA bus lines, with close proximity to the Melrose Park and Jenkintown train stations.
Key Highlights
- Duplex unit mix: one 1‑bedroom/1‑bath unit and one 3‑bedroom/1‑bath unit
- 0.0645‑acre lot and 1,412 square feet total property size
- Built in 1940; basement included
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $22.20 |
| − Vacancy | −$2.0k | −$1.44 |
| EGI | $29.3k | $20.76 |
| − OpEx | −$8.8k | −$6.23 |
| NOI | $20.5k | $14.53 |
1,412 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.1K
$256.5K – $341.9K
NOI $20,516 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$272.5K
$238.5K – $318.0K
NOI $19,077 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$812.2K
$710.7K – $947.6K
NOI $56,854 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 19027, PA
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,915
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
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 - Duplex with a 1-bed/1-bath and a 3-bed/1-bath unit, central heating, window A/C, and on-street parking.
Where is this duplex located?
The property is located at 1504 WILLOW Avenue Elkins Park, 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: Duplex unit mix: one 1‑bedroom/1‑bath unit and one 3‑bedroom/1‑bath unit; 0.0645‑acre lot and 1,412 square feet total property size; Built in 1940; basement included
