Turnkey Duplex With Two
For Sale
$370,000
Pending
162 BRIDGE STREET, Drexel Hill, PA 19026
Completely renovated, move-in ready duplex with two vacant units, each offering two bedrooms and one full bath.
Property Size1,920 SF
Days on Market53
Property Features for 162 BRIDGE STREET
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1974
Listing Agency:
Premier Property Management & Realty LLC
(610) 924-7284
Listed By:
Robert Stranix · License #rs354292
(610) 331-2027
Source:
Cummingsrealtors
Added: Jul 25
Changed: Sep 15
Last Checked: Sep 15 at 7:10AM
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 Premier Property Management & Realty LLC
Investment Insights
Based on property information with market context.
This turnkey duplex has been completely renovated and is move-in ready. Both units are delivered vacant and each unit includes two bedrooms and one full bathroom. Updates throughout include a modern kitchen with updated finishes, renovated bathrooms, new flooring, fresh paint, and contemporary fixtures, helping minimize near-term maintenance.
Located at 162 Bridge Street in Drexel Hill, the property is described as conveniently near shopping, restaurants, public transportation, parks, and major highways within Delaware County.
With both units available, the layout provides flexibility for an owner-occupant to live in one unit while renting the other, or to set your own market rents once leased.
Located at 162 Bridge Street in Drexel Hill, the property is described as conveniently near shopping, restaurants, public transportation, parks, and major highways within Delaware County.
With both units available, the layout provides flexibility for an owner-occupant to live in one unit while renting the other, or to set your own market rents once leased.
Key Highlights
- Completely renovated duplex built in 1974 and move‑in ready
- Two vacant units, each with 2 bedrooms and 1 full bathroom
- Updated kitchens with modern finishes and updated bathrooms
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
$21,045
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
5.69%
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%
$420,900
$420.9K
Cap Rate 7%
$300,643
$300.6K
Cap Rate 9%
$233,833
$233.8K
Market Conditions
NOI Build-Up for 1,920 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
$34.6K $18.00/SF
− Vacancy
−$4.5K −$2.34/SF
EGI
$30.1K $15.66/SF
− OpEx
−$9.0K −$4.70/SF
NOI
$21.0K $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%
$420,900
Cap Rate 7%
$300,643
Cap Rate 9%
$233,833
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$275.0K
$240.6K – $320.8K
NOI $19,247 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$582.1K
$509.4K – $679.2K
NOI $40,749 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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 - Completely renovated, move-in ready duplex with two vacant units, each offering two bedrooms and one full bath.
Where is this duplex located?
The property is located at 162 BRIDGE STREET Drexel Hill, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Completely renovated duplex built in 1974 and move‑in ready; Two vacant units, each with 2 bedrooms and 1 full bathroom; Updated kitchens with modern finishes and updated bathrooms
