Two-Unit Duplex with Detached
For Sale
$450,000
Pending
1722 FERNDALE AVENUE, Abington, PA 19001
Two residential units with separate basements, driveway parking, and a detached garage with electric service.
Property Size2,412 SF
Days on Market54
Property Features for 1722 FERNDALE AVENUE
General Information
Standard status
Pending
Size
2,412 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Hearthside Realtors
(215) 379-2002
Listed By:
Ronald C Jobson · License #RS365758
(610) 570-7066
Source:
Cummingsrealtors
Added: Sep 11
Changed: Nov 1
Last Checked: Nov 3 at 7:40AM
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 Coldwell Banker Hearthside Realtors
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Investment Insights
Based on property information with market context.
This two-unit residential property contains approximately 2,412 square feet. Unit 1 offers approximately 1,300 square feet with two bedrooms, 1.5 bathrooms, living and dining rooms, a kitchen, an unfinished basement with laundry, driveway parking, and finished attic space that can serve as a den, office, or additional bedrooms. Unit 2 measures approximately 1,100 square feet and includes two bedrooms, one bathroom, living and dining rooms, a kitchen, an unfinished basement with laundry, a den, and rear entry access.
The property also includes a 576-square-foot detached garage with electric service, along with driveway parking for both units. Basement improvements completed in August 2023 include a perimeter drain, threshold drain, and sump pump with a new container. A Generac generator was installed in January 2020. Built in 1900, the property is being sold in its present condition as an estate sale, with appliances included.
The property also includes a 576-square-foot detached garage with electric service, along with driveway parking for both units. Basement improvements completed in August 2023 include a perimeter drain, threshold drain, and sump pump with a new container. A Generac generator was installed in January 2020. Built in 1900, the property is being sold in its present condition as an estate sale, with appliances included.
Key Highlights
- Two residential units totaling approximately 2,412 square feet
- Unit 1: approximately 1,300 sq ft with 2 bedrooms and 1.5 bathrooms
- Unit 2: approximately 1,100 sq ft with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,046
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,920
$700.9K
Cap Rate 7%
$500,657
$500.7K
Cap Rate 9%
$389,400
$389.4K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$53.5K $22.20/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$50.1K $20.76/SF
− OpEx
−$15.0K −$6.23/SF
NOI
$35.0K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,920
Cap Rate 7%
$500,657
Cap Rate 9%
$389,400
Alternative Uses
Best Use
Multifamily LT 5
$500.7K
$438.1K – $584.1K
NOI $35,046 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$465.5K
$407.3K – $543.1K
NOI $32,587 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,119 @ 7.0% cap · market cap 21.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
665
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Business Placement
Demographics for 19001, PA
17,215
Population
6,643
Households
2.6
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
5,380
Density / Sq Mi
$105,271
Median Household Income
$58,019
Median Earnings
$1,355
Median Rent
$343,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with separate basements, driveway parking, and a detached garage with electric service.
Where is this duplex located?
The property is located at 1722 FERNDALE AVENUE Abington, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residential units totaling approximately 2,412 square feet; Unit 1: approximately 1,300 sq ft with 2 bedrooms and 1.5 bathrooms; Unit 2: approximately 1,100 sq ft with 2 bedrooms and 1 bathroom
