Two-Unit Duplex with Detached
New
For Sale
$475,000
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
Price / SF$196.93
Days on Market4
Property Features for 1722 FERNDALE AVENUE
General Information
Standard status
Active
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: Sep 13
Last Checked: Sep 13 at 3:02PM
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
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 = 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
$35,046
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
7.38%
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%
$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
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
$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 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%
$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 7.38%
Second Best
Apartment 5plus
$465.5K
$407.3K – $543.1K
NOI $32,587 @ 7.0% cap · market cap 6.86%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,119 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
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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
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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 $475,000.
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
