Renovated Duplex with Central
For Sale
$494,900
194 E PLUMSTEAD AVE, Lansdowne, PA 19050
Two residential units feature updated kitchens, granite counters, hardwood floors, and separate central air.
Property Size2,416 SF
Price / SF$204.84
Days on Market52
Property Features for 194 E PLUMSTEAD AVE
General Information
Standard status
Active
Size
2,416 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Listing Agency:
Liberty REO Realty
Listed By:
Jose L Cruz
(215) 698-5801
Source:
Hostetterrealty
Added: Aug 17
Changed: Oct 1
Last Checked: Oct 7 at 12:03PM
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 / Yr
$26,481
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
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
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 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 5.35%
Second Best
Apartment 5plus
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$732.5K
$640.9K – $854.6K
NOI $51,275 @ 7.0% cap · market cap 10.36%
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
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
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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 feature updated kitchens, granite counters, hardwood floors, and separate central air.
Where is this duplex located?
The property is located at 194 E PLUMSTEAD AVE Lansdowne, PA.
What is the asking price?
The asking price for this property is $494,900.
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
