Renovated
New
For Sale
$475,000
190 E PLUMSTEAD AVENUE, Lansdowne, PA 19050
Two refreshed apartments feature new kitchens, with a deck serving the first-floor residence.
Property Size2,660 SF
Days on Market5
Property Features for 190 E PLUMSTEAD AVENUE
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,614
Building Details
Building Size
2,660 SF
Year Built
1925
Listing Agency:
HomeZu by Simple Choice
Listed By:
Christopher J Carr · License #RM420776
(855) 885-4663
Source:
Patmckennarealtors
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:37PM
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 HomeZu by Simple Choice
Investment Insights
Based on property information with market context.
This 1925 duplex has two updated units, each with a newly installed kitchen featuring shaker cabinetry, quartz counters, and stainless-steel appliances. Refinished original hardwood runs through the living areas. The first-floor apartment has a new deck, while the basement offers laundry hookups and storage. A detached garage and gravel parking area provide off-street parking. The roof has been replaced, and a warranty is included.
The property is in Lansdowne, near shopping, dining, parks, public transportation, and major roadways, with access to Philadelphia and surrounding Delaware County communities.
The property is in Lansdowne, near shopping, dining, parks, public transportation, and major roadways, with access to Philadelphia and surrounding Delaware County communities.
Key Highlights
- Two units, each with a new kitchen, shaker cabinetry, quartz counters, and stainless‑steel appliances
- 1925‑built duplex with refinished original hardwood floors
- First‑floor unit includes a new deck
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
$29,156
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
6.14%
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%
$583,120
$583.1K
Cap Rate 7%
$416,514
$416.5K
Cap Rate 9%
$323,956
$324.0K
Market Conditions
NOI Build-Up for 2,660 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
$47.9K $18.00/SF
− Vacancy
−$6.2K −$2.34/SF
EGI
$41.7K $15.66/SF
− OpEx
−$12.5K −$4.70/SF
NOI
$29.2K $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%
$583,120
Cap Rate 7%
$416,514
Cap Rate 9%
$323,956
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.5K – $485.9K
NOI $29,156 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$380.9K
$333.3K – $444.4K
NOI $26,665 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$806.5K
$705.7K – $940.9K
NOI $56,454 @ 7.0% cap · market cap 11.89%
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
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Check the figures for this property
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 - Two refreshed apartments feature new kitchens, with a deck serving the first-floor residence.
Where is this duplex located?
The property is located at 190 E PLUMSTEAD AVENUE Lansdowne, 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 units, each with a new kitchen, shaker cabinetry, quartz counters, and stainless‑steel appliances; 1925‑built duplex with refinished original hardwood floors; First‑floor unit includes a new deck
