Duplex with 2-Car
For Sale
$339,999
Pending
2406 Township Line Road, Havertown, PA 19083
Two-bedroom units feature remodeled kitchens, ceramic-tile baths, central air, and separate utility meters.
Property Size1,880 SF
Days on Market208
Property Features for 2406 Township Line Road
General Information
Standard status
Pending
Size
1,880 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
MULTI
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$8,426
Amenities
C/A
washer and dryer
storage
No
Security Gate
No Pool
Above Grade, Below Grade
Building Details
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(215) 767-7814
Listed By:
Jeanne M Polizzi · License #RS289379
(215) 767-7814
Source:
Compass
Added: Feb 4
Changed: Aug 29
Last Checked: Aug 29 at 6:47PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1984 duplex contains 1880 square feet across two fully rented residences, with additional space at the daylight basement level. Each unit has two bedrooms, a full ceramic-tile bathroom, and a living room. Kitchens have been remodeled with granite counters and stainless steel appliances, while the upper residence also includes newer hardwood flooring and newer central air. A basement provides mechanical space, storage, and laundry equipment, with separately metered utilities serving the units.
The property includes a large two-car garage, with one parking space assigned to each residence. Leases are month-to-month; tenants pay their own gas and electric, while water is included. Located near RTs 1 and 3, the property is within walking distance of major shopping and public transportation and offers access to the Blue Route for travel toward the city. Zoning is MULTI.
The property includes a large two-car garage, with one parking space assigned to each residence. Leases are month-to-month; tenants pay their own gas and electric, while water is included. Located near RTs 1 and 3, the property is within walking distance of major shopping and public transportation and offers access to the Blue Route for travel toward the city. Zoning is MULTI.
Key Highlights
- Two‑unit duplex with 1880 square feet plus additional daylight basement space
- Each residence offers two bedrooms, a full ceramic‑tile bath, and a living room
- Remodeled kitchens with granite counters and stainless steel appliances
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
$21,410
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
6.30%
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%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,880 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
$32.7K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.6K $16.27/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$21.4K $11.39/SF
Area
Pittsburgh, PA
Vacancy
6.50%
Lease Rate
$17.40 /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%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Multifamily LT 5
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$283.3K
$247.9K – $330.5K
NOI $19,828 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$598.7K
$523.9K – $698.5K
NOI $41,912 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 19083, PA
36,964
Population
13,752
Households
2.7
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
6,601
Density / Sq Mi
$120,233
Median Household Income
$61,467
Median Earnings
$1,386
Median Rent
$424,100
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-bedroom units feature remodeled kitchens, ceramic-tile baths, central air, and separate utility meters.
Where is this duplex located?
The property is located at 2406 Township Line Road Havertown, PA.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Two‑unit duplex with 1880 square feet plus additional daylight basement space; Each residence offers two bedrooms, a full ceramic‑tile bath, and a living room; Remodeled kitchens with granite counters and stainless steel appliances
