Duplex with Private
For Sale
$430,000
219-220 WASHINGTON PLACE, Telford, PA 18969
Two-bedroom units include in-unit laundry, central heating and air conditioning, and assigned parking.
Property Size1,776 SF
Price / SF$242.12
Days on Market11
Property Features for 219-220 WASHINGTON PLACE
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
private balcony
children's playground
Building Details
Year Built
1979
Buildings
1
Tenancy
Single
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Michael Stone · License #1756330
(215) 264-0249
Source:
Cummingsrealtors
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 5:56AM
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 Market Force Realty
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Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex, built in 1979, contains two units with two bedrooms apiece. Interior features include updated bathrooms, living and dining areas, separate breakfast spaces, vinyl flooring, ceiling fans, and individual washers and dryers. The upper unit has a private balcony. One unit has undergone a complete renovation, and HVAC systems and water heaters in both units were replaced in recent years.
Each residence has assigned parking, with additional parking available. The community includes a playground and is near shops and restaurants. The property is in the Pennridge School District. The combined HOA fee for both units covers lawn and snow care, common areas, sidewalks, parking, and trash.
Each residence has assigned parking, with additional parking available. The community includes a playground and is near shops and restaurants. The property is in the Pennridge School District. The combined HOA fee for both units covers lawn and snow care, common areas, sidewalks, parking, and trash.
Key Highlights
- 1,776‑square‑foot duplex with two two‑bedroom units
- Upper‑level residence includes a private balcony
- Each unit has its own washer and dryer and assigned parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,805
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,100
$516.1K
Cap Rate 7%
$368,643
$368.6K
Cap Rate 9%
$286,722
$286.7K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$39.4K $22.20/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$36.9K $20.76/SF
− OpEx
−$11.1K −$6.23/SF
NOI
$25.8K $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 Rate 5%
$516,100
Cap Rate 7%
$368,643
Cap Rate 9%
$286,722
Alternative Uses
Best Use
Multifamily LT 5
$368.6K
$322.6K – $430.1K
NOI $25,805 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$342.8K
$299.9K – $399.9K
NOI $23,994 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$1.02M
$893.9K – $1.19M
NOI $71,510 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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Business Placement
Demographics for 18969, PA
15,808
Population
6,324
Households
2.5
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
964
Density / Sq Mi
$103,818
Median Household Income
$53,793
Median Earnings
$1,358
Median Rent
$365,700
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-bedroom units include in-unit laundry, central heating and air conditioning, and assigned parking.
Where is this duplex located?
The property is located at 219-220 WASHINGTON PLACE Telford, PA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1,776‑square‑foot duplex with two two‑bedroom units; Upper‑level residence includes a private balcony; Each unit has its own washer and dryer and assigned parking
