Building Details

Building Size 2,157 SF

Year Built 1920

Buildings 1

Listing Agency: EXP Realty, LLC Show Phone

Listed By: Kevin Wagner · License #RS380224 Show Phone

Source: Jmdiamondrealty

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 3:27PM

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Investment Insights

Based on property information with market context.

This duplex in Folcroft contains approximately 2,157 square feet of finished living space across two distinct residential areas. The larger area has three bedrooms and one full bath; the second includes two bedrooms, one full bath, a kitchen, and living space. The smaller area is occupied under a month-to-month tenancy. Hardwood floors, a brick fireplace, and a full unfinished basement are among the property’s features. The home was built in 1920 and sits on approximately 0.17 acres, with driveway parking. Zoning is R-1.

Key Highlights

• Approximately 2,157 square feet of finished living space
• Two residential areas: one with 3 bedrooms and 1 full bath; the other with 2 bedrooms and 1 full bath
• Smaller living area has a month‑to‑month tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,642

Cap Rate

7.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$472,840 $472.8K

Cap Rate 7%

$337,743 $337.7K

Cap Rate 9%

$262,689 $262.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,157 SF

Gross rent

$38.8K $18.00/SF

− Vacancy

−$5.1K −$2.34/SF

EGI

$33.8K $15.66/SF

− OpEx

−$10.1K −$4.70/SF

NOI

$23.6K $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 Rate 5%

$472,840

Cap Rate 7%

$337,743

Cap Rate 9%

$262,689

Alternative Uses

Best Use

Multifamily LT 5

$337.7K

$295.5K – $394.0K (±1% cap)

NOI $23,642 @ 7.0% cap · market cap 7.27%

Second Best

Apartment 5plus

$308.9K

$270.3K – $360.4K (±1% cap)

NOI $21,623 @ 7.0% cap · market cap 6.65%

Theoretical Best

Office A

$654.0K

$572.2K – $763.0K (±1% cap)

NOI $45,779 @ 7.0% cap · market cap 14.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

762

Businesses Nearby

Explore this area Business Placement

Demographics for 19032, PA

6,792

Population

2,866

Households

2.4

Avg Household Size

36

Median Age

22%

College-Educated

89%

High-School Grad

1.2 sq mi

ZIP Area

5,660

Density / Sq Mi

$58,899

Median Household Income

$38,670

Median Earnings

$1,363

Median Rent

$140,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - The smaller residence has a month-to-month tenant, while the larger area offers three bedrooms and one full bath.

Where is this duplex located?

The property is located at 1829 Shallcross Avenue Folcroft, PA.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Approximately 2,157 square feet of finished living space; Two residential areas: one with 3 bedrooms and 1 full bath; the other with 2 bedrooms and 1 full bath; Smaller living area has a month‑to‑month tenant