Two-Unit Duplex with
New
For Sale
$535,000
210 SUMMER AVENUE, Horsham, PA 19044
Occupied two-unit property with central air, driveway parking, and a full basement.
Property Size2,041 SF
Price / SF$262.13
Days on Market3
Property Features for 210 SUMMER AVENUE
General Information
Standard status
Active
Size
2,041 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$45,000
Amenities
deck
driveway parking
Building Details
Year Built
1918
Listing Agency:
Beiler-Campbell Realtors-Avondale
(610) 869-8711
Listed By:
Corey Chase Snyder · License #5667343
(484) 888-2599
Source:
Cummingsrealtors
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 20 at 9:17AM
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 Beiler-Campbell Realtors-Avondale
Investment Insights
Based on property information with market context.
Located at 210 Summer Avenue in Horsham, this 2,041-square-foot duplex contains two separately configured residences. The first-floor unit has two bedrooms and one full bath, while the upper 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, and a full basement, along with an exterior deck and driveway parking.
The property is within the Hatboro-Horsham School District and is positioned near shopping, dining, major roadways, and everyday amenities. Built in 1918, the duplex offers a two-unit residential configuration with established occupancy and features suited to continued rental use or an owner-occupied arrangement.
The property is within the Hatboro-Horsham School District and is positioned near shopping, dining, major roadways, and everyday amenities. Built in 1918, the duplex offers a two-unit residential configuration with established occupancy and features suited to continued rental use or an owner-occupied arrangement.
Key Highlights
- 2,041 square feet of finished living space
- Two units: first floor has 2 bedrooms and 1 full bath; second floor has 1 bedroom and 1 full bath
- 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
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 - Occupied two-unit property with central air, driveway parking, and a full basement.
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: 2,041 square feet of finished living space; Two units: first floor has 2 bedrooms and 1 full bath; second floor has 1 bedroom and 1 full bath; Both units are currently rented
