Renovated Duplex with Central
For Sale
$514,900
194 E PLUMSTEAD AVENUE, Lansdowne, PA 19050
Two residential units feature updated kitchens, granite counters, hardwood floors, and separate central air.
Property Size2,416 SF
Price / SF$213.12
Days on Market15
Property Features for 194 E PLUMSTEAD AVENUE
General Information
Standard status
Active
Size
2,416 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Liberty REO Realty
(215) 698-5801
Listed By:
Jose L Cruz · License #RM425069
(215) 698-5801
Source:
Cummingsrealtors
Added: Aug 9
Changed: Aug 23
Last Checked: Aug 22 at 3:53AM
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 Liberty REO Realty
Investment Insights
Based on property information with market context.
This two-unit residential property offers a three-bedroom layout on each floor, with one full bathroom per unit. Both apartments include hardwood flooring, updated kitchens with granite countertops, and individual central air-conditioning systems. The property underwent a comprehensive renovation several years ago, and both units are occupied by long-term tenants.
The building also includes a shingle roof installed approximately 3 to 4 years ago, with another 20 years of warranty coverage. Ownership currently handles lawn service, property taxes, and insurance. Located in Lansdowne, Pennsylvania, the duplex combines updated interior features with separately configured residential units.
The building also includes a shingle roof installed approximately 3 to 4 years ago, with another 20 years of warranty coverage. Ownership currently handles lawn service, property taxes, and insurance. Located in Lansdowne, Pennsylvania, the duplex combines updated interior features with separately configured residential units.
Key Highlights
- Two‑unit duplex with 3 bedrooms on each floor
- One full bathroom in each apartment
- Updated kitchens with granite countertops and hardwood floors
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
$26,481
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
5.14%
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%
$529,620
$529.6K
Cap Rate 7%
$378,300
$378.3K
Cap Rate 9%
$294,233
$294.2K
Market Conditions
NOI Build-Up for 2,416 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
$43.5K $18.00/SF
− Vacancy
−$5.7K −$2.34/SF
EGI
$37.8K $15.66/SF
− OpEx
−$11.3K −$4.70/SF
NOI
$26.5K $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%
$529,620
Cap Rate 7%
$378,300
Cap Rate 9%
$294,233
Alternative Uses
Best Use
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,481 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$732.5K
$640.9K – $854.6K
NOI $51,275 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
831
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens, granite counters, hardwood floors, and separate central air.
Where is this duplex located?
The property is located at 194 E PLUMSTEAD AVENUE Lansdowne, PA.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms on each floor; One full bathroom in each apartment; Updated kitchens with granite countertops and hardwood floors
