Duplex With Unfinished
For Sale
$420,000
2113 KEITH ROAD, Abington, PA 19001
Two residential units offer distinct bedroom configurations, with one unit currently occupied by a tenant.
Property Size1,238 SF
Price / SF$339.26
Days on Market11
Property Features for 2113 KEITH ROAD
General Information
Standard status
Active
Size
1,238 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1941
Listing Agency:
RE/MAX One Realty
(215) 630-2137
Listed By:
Meredith Fazio · License #RS379793
(215) 630-2137
Source:
Cummingsrealtors
Added: Aug 1
Changed: Aug 9
Last Checked: Aug 11 at 6:20AM
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 RE/MAX One Realty
Investment Insights
Based on property information with market context.
Located at 2113 Keith Road in Abington, this 1,238-square-foot duplex was built in 1941 and contains two residential units. The first-floor residence has 2 bedrooms, 1 full bath, a living room, and a kitchen. Upstairs, the second unit provides 1 bedroom, 1 full bath, and living space, and is currently tenant-occupied. An unfinished basement adds storage capacity and may offer future finishing potential subject to required approvals.
The property is near Highland Elementary School, Willow Grove Park Mall, Roslyn SEPTA Regional Rail Station, Abington Hospital, and major commuter routes. Its two-unit configuration supports both investment and owner-occupancy strategies, subject to applicable requirements.
The property is near Highland Elementary School, Willow Grove Park Mall, Roslyn SEPTA Regional Rail Station, Abington Hospital, and major commuter routes. Its two-unit configuration supports both investment and owner-occupancy strategies, subject to applicable requirements.
Key Highlights
- 1,238‑square‑foot duplex built in 1941
- Two residential units with 2‑bedroom and 1‑bedroom configurations
- First‑floor unit includes 2 bedrooms, 1 full bath, living room, and kitchen
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
$17,988
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
4.28%
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%
$359,760
$359.8K
Cap Rate 7%
$256,971
$257.0K
Cap Rate 9%
$199,867
$199.9K
Market Conditions
NOI Build-Up for 1,238 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
$27.5K $22.20/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$25.7K $20.76/SF
− OpEx
−$7.7K −$6.23/SF
NOI
$18.0K $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%
$359,760
Cap Rate 7%
$256,971
Cap Rate 9%
$199,867
Alternative Uses
Best Use
Multifamily LT 5
$257.0K
$224.9K – $299.8K
NOI $17,988 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$238.9K
$209.1K – $278.8K
NOI $16,726 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$712.1K
$623.1K – $830.8K
NOI $49,848 @ 7.0% cap · market cap 11.87%
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
1,849
Businesses Nearby
Explore this area
Business Placement
Demographics for 19001, PA
17,215
Population
6,643
Households
2.6
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
5,380
Density / Sq Mi
$105,271
Median Household Income
$58,019
Median Earnings
$1,355
Median Rent
$343,000
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 residential units offer distinct bedroom configurations, with one unit currently occupied by a tenant.
Where is this duplex located?
The property is located at 2113 KEITH ROAD Abington, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,238‑square‑foot duplex built in 1941; Two residential units with 2‑bedroom and 1‑bedroom configurations; First‑floor unit includes 2 bedrooms, 1 full bath, living room, and kitchen
