Updated Tenant-Occupied
For Sale
$369,000
206 BROOKDALE AVENUE, Glenside, PA 19038
Two renovated one-bedroom units offer existing occupancy, separate living spaces, laundry, parking, and outdoor areas.
Property Size1,490 SF
Price / SF$247.65
Days on Market9
Property Features for 206 BROOKDALE AVENUE
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Duplex
Financials
Gross Income
$33,600
Average Monthly Rent
$1,400
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
shared front porch
small yard
basement storage
washer and dryer
Building Details
Year Built
1945
Tenancy
Multi
Listing Agency:
Weichert Realtors
(609) 556-0601
Listed By:
Ross Sterling Green · License #RS354760
(609) 556-0601
Source:
Cummingsrealtors
Added: Aug 10
Changed: Aug 17
Last Checked: Aug 18 at 5:41AM
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 Weichert Realtors
Investment Insights
Based on property information with market context.
This 1,490-square-foot duplex, built in 1945, contains two one-bedroom residences with separate living areas, kitchens, full bathrooms, and in-unit washer and dryer facilities. The first-floor apartment includes a dining room, shared front porch, driveway parking, a small yard, and basement storage. Renovation work was completed in 2022 for the lower unit and 2024 for the upper unit.
Both apartments are tenant occupied, with Unit 1 leased through 7/31/2027 and Unit 2 leased through 8/30/2027. The property is located at 206 Brookdale Avenue in Glenside, within walking distance of shops, parks, the library, and Glenside Train Station.
Both apartments are tenant occupied, with Unit 1 leased through 7/31/2027 and Unit 2 leased through 8/30/2027. The property is located at 206 Brookdale Avenue in Glenside, within walking distance of shops, parks, the library, and Glenside Train Station.
Key Highlights
- Two‑unit duplex with 1,490 SF and 1945 construction
- First‑floor one‑bedroom unit renovated in 2022
- Second‑floor one‑bedroom unit renovated in 2024
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
$21,650
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
5.87%
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%
$433,000
$433.0K
Cap Rate 7%
$309,286
$309.3K
Cap Rate 9%
$240,556
$240.6K
Market Conditions
NOI Build-Up for 1,490 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
$33.1K $22.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$30.9K $20.76/SF
− OpEx
−$9.3K −$6.23/SF
NOI
$21.6K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /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%
$433,000
Cap Rate 7%
$309,286
Cap Rate 9%
$240,556
Alternative Uses
Best Use
Multifamily LT 5
$309.3K
$270.6K – $360.8K
NOI $21,650 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$287.6K
$251.6K – $335.5K
NOI $20,130 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$857.1K
$749.9K – $999.9K
NOI $59,994 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 19038, PA
32,490
Population
11,889
Households
2.7
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
8.2 sq mi
ZIP Area
3,962
Density / Sq Mi
$113,464
Median Household Income
$56,934
Median Earnings
$1,407
Median Rent
$387,800
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 renovated one-bedroom units offer existing occupancy, separate living spaces, laundry, parking, and outdoor areas.
Where is this duplex located?
The property is located at 206 BROOKDALE AVENUE Glenside, PA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,490 SF and 1945 construction; First‑floor one‑bedroom unit renovated in 2022; Second‑floor one‑bedroom unit renovated in 2024
