Two-Unit Duplex with Full
New
For Sale
$535,000
210 SUMMER Avenue, Horsham, PA 19044
Multi-Family, HORSHAM, PA
Property Size2,041 SF
Lot Size0.14 Acres
Price / SF$262.13
Days on Market1
Property Features for 210 SUMMER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Fireplace
1
Subdivision
MEETINGHOUSE VIL
Elementary school district
HATBORO-HORSHAM
Middle school district
HATBORO-HORSHAM
High school district
HATBORO-HORSHAM
Standard status
Active
Size
2,041 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4444
Utilities
Heating system
Hot Water(Heating), Forced Air
Cooling system
Central Air
Amenities
deck
central air
full basement
Building Details
Year built
1918
Number of units
2
Building materials
Vinyl Siding
Architectural style
Cape Cod
Listing Agency:
Beiler-Campbell Realtors-Avondale
(610) 869-8711
Listed By:
Corey Chase Snyder · License #RS345813
(484) 888-2599
Added: Sep 19
Last Checked: Sep 19 at 7:06AM
MLS# PAMC2194808
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.
Located at 210 Summer Avenue, this Cape Cod-style duplex contains approximately 2,041 square feet of finished living space across two residences. The first-floor unit has two bedrooms and one full bath, while the second-floor unit includes one bedroom and one full bath. Both units are currently rented. Property features include vinyl siding, central air, natural gas forced-air heat, a full basement, a fireplace, a deck, and driveway parking.
The property occupies 0.1371 acres in Horsham, Pennsylvania, within the Hatboro-Horsham School District. Shopping, dining, major roadways, and everyday amenities are located nearby. Built in 1918, the duplex provides a compact two-unit configuration with established residential functionality and separate living areas.
The property occupies 0.1371 acres in Horsham, Pennsylvania, within the Hatboro-Horsham School District. Shopping, dining, major roadways, and everyday amenities are located nearby. Built in 1918, the duplex provides a compact two-unit configuration with established residential functionality and separate living areas.
Key Highlights
- Two‑unit layout with a 2‑bedroom first‑floor residence and 1‑bedroom second‑floor residence
- Approximately 2,041 square feet of finished living space
- Both units are currently rented
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
$29,656
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
5.54%
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%
$593,120
$593.1K
Cap Rate 7%
$423,657
$423.7K
Cap Rate 9%
$329,511
$329.5K
Market Conditions
NOI Build-Up for 2,041 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
$45.3K $22.20/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$42.4K $20.76/SF
− OpEx
−$12.7K −$6.23/SF
NOI
$29.7K $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%
$593,120
Cap Rate 7%
$423,657
Cap Rate 9%
$329,511
Alternative Uses
Best Use
Multifamily LT 5
$423.7K
$370.7K – $494.3K
NOI $29,656 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$393.9K
$344.7K – $459.6K
NOI $27,575 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,180 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 19044, PA
16,273
Population
7,144
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
92%
High-School Grad
9.0 sq mi
ZIP Area
1,808
Density / Sq Mi
$96,189
Median Household Income
$49,945
Median Earnings
$1,434
Median Rent
$372,900
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 - Leased residences offer central air, forced-air heating, a deck, and driveway parking in the Hatboro-Horsham School District.
Where is this duplex located?
The property is located at 210 SUMMER Avenue Horsham, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit layout with a 2‑bedroom first‑floor residence and 1‑bedroom second‑floor residence; Approximately 2,041 square feet of finished living space; Both units are currently rented
