Renovated Duplex with
New
For Sale
$475,000
190 E PLUMSTEAD Avenue, Lansdowne, PA 19050
Multi-Family, LANSDOWNE, PA
Property Size2,660 SF
Lot Size0.14 Acres
Price / SF$178.57
Days on Market4
Property Features for 190 E PLUMSTEAD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
1
Parking features
Garage - Detached
Fireplace
1
Appliances
Oven/Range - Gas, Refrigerator, Range Hood
Elementary school district
WILLIAM PENN
Middle school district
WILLIAM PENN
High school district
WILLIAM PENN
Standard status
Active
Size
2,660 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
9614
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Central Air
Amenities
laundry hookups
detached garage
gravel parking area
Building Details
Year built
1925
Number of units
1
Building materials
Brick, Frame, Vinyl Siding
Architectural style
Colonial
Listing Agency:
HomeZu by Simple Choice
(855) 885-4663
Listed By:
Christopher J Carr · License #RM420776
(610) 326-2414
Added: Sep 29
Last Checked: Oct 2 at 11:06AM
MLS# PADE2124450
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,660-square-foot duplex contains two updated residences, each with a new kitchen featuring shaker cabinetry, quartz counters, and stainless-steel appliances. Refinished hardwood flooring runs through the living areas. A deck serves the first-floor unit, while basement space provides laundry hookups and storage. The property also has a brand-new roof with a warranty, a fireplace, and a detached garage. Cooling includes central air and window units; heat is hot water.
Set on a 0.14-acre lot in Lansdowne, the property includes additional gravel parking. Shopping, dining, parks, public transportation, and major roadways are described as nearby, with access to Philadelphia and other Delaware County communities.
Set on a 0.14-acre lot in Lansdowne, the property includes additional gravel parking. Shopping, dining, parks, public transportation, and major roadways are described as nearby, with access to Philadelphia and other Delaware County communities.
Key Highlights
- Two‑unit duplex with 2,660 square feet of interior space
- Both residences have new kitchens with quartz countertops and stainless‑steel appliances
- First‑floor unit includes a deck; basement has laundry hookups and storage
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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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,190
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 updated residences offer separate kitchens, with laundry hookups and storage space in the basement.
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‑unit duplex with 2,660 square feet of interior space; Both residences have new kitchens with quartz countertops and stainless‑steel appliances; First‑floor unit includes a deck; basement has laundry hookups and storage
