Duplex with Finished
For Sale
$624,999
200 W Springfield Rd, Springfield, PA 19064
Two spacious residences offer separate entrances, private laundry areas, and additional basement space.
Property Size2,786 SF
Price / SF$224.34
Days on Market18
Property Features for 200 W Springfield Rd
General Information
Standard status
Active
Size
2,786 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
fireplace
balcony
finished basement
laundry area
gym area
shed
Building Details
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
Keller Williams Real Estate - Media
(610) 565-1995
Listed By:
Laurence J McQuaid · License #RS187114L
Source:
Kathywolfgang
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 30 at 7:32PM
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 Keller Williams Real Estate - Media
Investment Insights
Based on property information with market context.
This two-unit property at 200 W Springfield Rd includes 2,786 square feet of living space arranged across two spacious residences. The first-floor unit features three bedrooms, three bathrooms, a living room with high ceilings and a fireplace, kitchen, balcony, generous closet storage, and access to a finished basement with a bathroom, laundry area, and exterior exit. The second-floor residence provides three bedrooms, two bathrooms, a living room, dining area, kitchen, private laundry area, and substantial storage.
Each unit has a separate entrance through the first-floor foyer. New carpeting has been installed throughout the duplex. The property also includes a two-car garage currently assigned to the first-floor unit, a shed for the second-floor unit, and a shared lot.
Each unit has a separate entrance through the first-floor foyer. New carpeting has been installed throughout the duplex. The property also includes a two-car garage currently assigned to the first-floor unit, a shed for the second-floor unit, and a shared lot.
Key Highlights
- 2,786 SF duplex with two residential units
- First‑floor unit includes 3 bedrooms and 3 bathrooms
- Second‑floor unit includes 3 bedrooms and 2 bathrooms
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
$20,861
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
3.34%
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%
$417,220
$417.2K
Cap Rate 7%
$298,014
$298.0K
Cap Rate 9%
$231,789
$231.8K
Market Conditions
NOI Build-Up for 2,786 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
$31.8K $11.40/SF
− Vacancy
−$2.0K −$0.70/SF
EGI
$29.8K $10.70/SF
− OpEx
−$8.9K −$3.21/SF
NOI
$20.9K $7.49/SF
Area
Northumberland County, PA
Vacancy
6.17%
Lease Rate
$11.40 /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%
$417,220
Cap Rate 7%
$298,014
Cap Rate 9%
$231,789
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.8K – $347.7K
NOI $20,861 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$275.1K
$240.7K – $320.9K
NOI $19,255 @ 7.0% cap · market cap 3.08%
Theoretical Best
Warehouse
$3.39M
$2.97M – $3.95M
NOI $237,299 @ 7.0% cap · market cap 37.97%
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
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 19064, PA
25,045
Population
8,839
Households
2.8
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,527
Density / Sq Mi
$132,230
Median Household Income
$71,515
Median Earnings
$1,511
Median Rent
$389,600
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 spacious residences offer separate entrances, private laundry areas, and additional basement space.
Where is this duplex located?
The property is located at 200 W Springfield Rd Springfield, PA.
What is the asking price?
The asking price for this property is $624,999.
What are key features of this property?
This property features: 2,786 SF duplex with two residential units; First‑floor unit includes 3 bedrooms and 3 bathrooms; Second‑floor unit includes 3 bedrooms and 2 bathrooms
