Duplex with Attached
New
For Sale
$320,000
248 N WYCOMBE AVENUE, Lansdowne, PA 19050
Two updated apartments feature hardwood flooring, separate gas and electric service, and a shared basement.
Property Size1,710 SF
Days on Market4
Property Features for 248 N WYCOMBE AVENUE
General Information
Standard status
Active
Size
1,710 SF
Total Parking Spaces
4
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Individually Metered Utilities
gas, electric
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,816
Amenities
common basement
Building Details
Building Size
1,710 SF
Year Built
1945
Buildings
1
Construction
red brick
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Tyler G Wagner · License #AB066512
(610) 446-2300
Source:
Patmckennarealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 9:16AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Built in 1945, this 1,710-square-foot duplex contains two apartments, each with two bedrooms. Hardwood flooring runs through the units, and the interiors were painted before the latest tenant occupancy. The first-floor apartment has a newer kitchen with stone countertops and a stainless steel refrigerator, plus an updated bathroom; the second-floor kitchen and bathroom have also been updated. The building includes a common basement, an attached two-car garage, and two off-street parking spaces.
Gas and electric service are separately metered and paid by tenants; water is shared and paid by the landlord. The first-floor unit is occupied. Public transportation, shops, restaurants, Wawa, ALDI, GIANT, Dunkin, a weekend farmers market, and Hays Park are within walking distance.
Gas and electric service are separately metered and paid by tenants; water is shared and paid by the landlord. The first-floor unit is occupied. Public transportation, shops, restaurants, Wawa, ALDI, GIANT, Dunkin, a weekend farmers market, and Hays Park are within walking distance.
Key Highlights
- Two 2‑bedroom apartments in a 1,710‑square‑foot duplex
- Built in 1945; first‑floor apartment is occupied
- Updated kitchens and bathrooms in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,743
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,860
$374.9K
Cap Rate 7%
$267,757
$267.8K
Cap Rate 9%
$208,256
$208.3K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$30.8K $18.00/SF
− Vacancy
−$4.0K −$2.34/SF
EGI
$26.8K $15.66/SF
− OpEx
−$8.0K −$4.70/SF
NOI
$18.7K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,860
Cap Rate 7%
$267,757
Cap Rate 9%
$208,256
Alternative Uses
Best Use
Multifamily LT 5
$267.8K
$234.3K – $312.4K
NOI $18,743 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$244.9K
$214.3K – $285.7K
NOI $17,142 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$518.5K
$453.7K – $604.9K
NOI $36,292 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
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Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
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 updated apartments feature hardwood flooring, separate gas and electric service, and a shared basement.
Where is this duplex located?
The property is located at 248 N WYCOMBE AVENUE Lansdowne, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two 2‑bedroom apartments in a 1,710‑square‑foot duplex; Built in 1945; first‑floor apartment is occupied; Updated kitchens and bathrooms in both apartments
