Duplex Rental
For Sale
$399,900
Pending
213 DORRANCE STREET, Bristol, PA 19007
Two-unit duplex with separate utilities and an additional two-car detached garage, all generating month-to-month rental income.
Property Size2,204 SF
Days on Market52
Property Features for 213 DORRANCE STREET
General Information
Standard status
Pending
Size
2,204 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1901
Listing Agency:
RE/MAX Realty Services-Bensalem
(215) 245-2100
Listed By:
Lisa A DiZio · License #RS250572
(215) 245-2114
Source:
Cummingsrealtors
Added: Jul 17
Changed: Aug 25
Last Checked: Aug 24 at 5:55AM
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 Realty Services-Bensalem
Investment Insights
Based on property information with market context.
This duplex rental property in Bristol includes two separate residential units and a detached two-car garage. The first-floor unit features one bedroom and has been rented for $1,125 per month. The second-floor unit offers two bedrooms plus a loft and is currently rented on a month-to-month basis for $1,130 per month.
A two-car detached garage is also included and is rented month to month for $375, with separate utilities serving the units. The property is within walking distance to the waterfront and nearby restaurants and shopping.
For sale as a residential income property, the duplex provides a straightforward two-unit configuration with independent utility arrangements and a separate rental structure in the garage.
A two-car detached garage is also included and is rented month to month for $375, with separate utilities serving the units. The property is within walking distance to the waterfront and nearby restaurants and shopping.
For sale as a residential income property, the duplex provides a straightforward two-unit configuration with independent utility arrangements and a separate rental structure in the garage.
Key Highlights
- Two‑unit duplex with separate utilities, generating month‑to‑month rental income
- First‑floor unit: 1 bedroom; rented for $1,125/month
- Second‑floor unit: 2 bedrooms plus a loft; currently rented month to month for $1,130/month
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
$27,289
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
6.82%
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%
$545,780
$545.8K
Cap Rate 7%
$389,843
$389.8K
Cap Rate 9%
$303,211
$303.2K
Market Conditions
NOI Build-Up for 2,204 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
$51.3K $23.28/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$49.6K $22.51/SF
− OpEx
−$22.3K −$10.13/SF
NOI
$27.3K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$545,780
Cap Rate 7%
$389,843
Cap Rate 9%
$303,211
Alternative Uses
Best Use
Apartment 5plus
$389.8K
$341.1K – $454.8K
NOI $27,289 @ 7.0% cap · market cap 6.82%
Second Best
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,151 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$668.2K
$584.7K – $779.6K
NOI $46,776 @ 7.0% cap · market cap 11.70%
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
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
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-unit duplex with separate utilities and an additional two-car detached garage, all generating month-to-month rental income.
Where is this duplex located?
The property is located at 213 DORRANCE STREET Bristol, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities, generating month‑to‑month rental income; First‑floor unit: 1 bedroom; rented for $1,125/month; Second‑floor unit: 2 bedrooms plus a loft; currently rented month to month for $1,130/month
