Duplex Rental
For Sale
$399,900
213 Dorrance St, 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
Price / SF$181.44
Days on Market94
Property Features for 213 Dorrance St
General Information
Standard status
Active
Size
2,204 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1901
Listing Agency:
RE/MAX Realty Services-Bensalem
Listed By:
Lisa A DiZio · License #RS250572
(215) 245-2114
Source:
Harkesrealty
Added: Jul 21
Changed: Oct 9
Last Checked: Oct 21 at 2:53AM
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
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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 / Yr
$27,289
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 St 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
