Two-Unit Duplex with Central
For Sale
$264,900
160 Abbey Terrace, Drexel Hill, PA 19026
Residential duplex with separately metered utilities, basement storage, and flexible month-to-month occupancy.
Property Size1,800 SF
Price / SF$147.17
Days on Market161
Property Features for 160 Abbey Terrace
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Occupancy
100%
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,059
Amenities
central air conditioning
laundry hookups
separate storage areas
No
Range Hood, Refrigerator
No Pool
Above Grade, Below Grade
Building Details
Year Built
1960
Listing Agency:
RE/MAX Preferred - Newtown Square
(610) 389-4804
Listed By:
Evans C Zografakis · License #RS287963
(610) 389-4804
Source:
Compass
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 10:33PM
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 Preferred - Newtown Square
Investment Insights
Based on property information with market context.
This residential duplex contains two 2-bedroom units within approximately 1,800 square feet. Each unit has its own gas and electric meter, central air conditioning, and separate storage space. The lower-level basement adds laundry hookups and a rear exit, supporting practical day-to-day use for both residences. The property was built in 1960 and is zoned RESIDENTIAL.
Both apartments are occupied under month-to-month leases, providing existing rental occupancy with flexibility in future planning. The property is located at 160 Abbey Terrace in Drexel Hill, Pennsylvania, within Upper Darby Township and the Upper Darby School District. Separate utility metering and the two-unit configuration provide a clearly defined operating setup for the property.
Both apartments are occupied under month-to-month leases, providing existing rental occupancy with flexibility in future planning. The property is located at 160 Abbey Terrace in Drexel Hill, Pennsylvania, within Upper Darby Township and the Upper Darby School District. Separate utility metering and the two-unit configuration provide a clearly defined operating setup for the property.
Key Highlights
- Two 2‑bedroom residential units
- Approximately 1,800 square feet on a 0.04‑acre lot
- Separate gas and electric meters for each unit
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
$19,729
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
7.45%
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%
$394,580
$394.6K
Cap Rate 7%
$281,843
$281.8K
Cap Rate 9%
$219,211
$219.2K
Market Conditions
NOI Build-Up for 1,800 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
$32.4K $18.00/SF
− Vacancy
−$4.2K −$2.34/SF
EGI
$28.2K $15.66/SF
− OpEx
−$8.5K −$4.70/SF
NOI
$19.7K $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%
$394,580
Cap Rate 7%
$281,843
Cap Rate 9%
$219,211
Alternative Uses
Best Use
Multifamily LT 5
$281.8K
$246.6K – $328.8K
NOI $19,729 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$257.8K
$225.6K – $300.7K
NOI $18,044 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with separately metered utilities, basement storage, and flexible month-to-month occupancy.
Where is this duplex located?
The property is located at 160 Abbey Terrace Drexel Hill, PA.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two 2‑bedroom residential units; Approximately 1,800 square feet on a 0.04‑acre lot; Separate gas and electric meters for each unit
