Duplex With Flexible
For Sale
$829,000
310 CEDAR LANE, Wallingford, PA 19086
Legal two-unit property with separate kitchens, laundry areas, storage, and multiple outdoor spaces.
Property Size3,186 SF
Lot Size0.95 Acres
Price / SF$260.20
Days on Market11
Property Features for 310 CEDAR LANE
General Information
Standard status
Active
Size
3,186 SF
Lot size
0.95 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
side covered porch
rear deck
brick side patio
central air
hot water radiation heat
brick fireplace
woodstove
two eat-in kitchens
dishwasher
refrigerator
2 laundries
ample closet space
attic storage
basement storage
Building Details
Year Built
1950
Buildings
1
Listing Agency:
CG Realty, LLC
(609) 602-6817
Listed By:
Anthony DeCicci · License #5014569
(609) 602-6817
Source:
Cummingsrealtors
Added: Aug 13
Changed: Aug 23
Last Checked: Aug 23 at 8:15AM
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 CG Realty, LLC
Investment Insights
Based on property information with market context.
This legal duplex offers two dwelling units, each configured with 3 bedrooms and 1.5 baths. The property includes two eat-in kitchens with dishwashers and refrigerators, two laundry areas, ample closets, attic storage, and basement storage. Central air, hot water radiator heat, a brick fireplace in the dining area, and a woodstove in the rear living room add to the existing improvements.
Set on a .95-acre site off a private lane at 310 Cedar Lane in Wallingford, the home includes a covered side porch, rear deck, and brick side patio. The layout can support separate occupancy, or the units may be connected into a single residence with six bedrooms and 2.2 baths. Built in 1950 and located within the Wallingford Swarthmore Schools area.
Set on a .95-acre site off a private lane at 310 Cedar Lane in Wallingford, the home includes a covered side porch, rear deck, and brick side patio. The layout can support separate occupancy, or the units may be connected into a single residence with six bedrooms and 2.2 baths. Built in 1950 and located within the Wallingford Swarthmore Schools area.
Key Highlights
- Legal duplex with two dwelling units
- Each unit includes 3 bedrooms and 1.5 baths
- .95‑acre site off a private lane
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
$34,921
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
4.21%
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%
$698,420
$698.4K
Cap Rate 7%
$498,871
$498.9K
Cap Rate 9%
$388,011
$388.0K
Market Conditions
NOI Build-Up for 3,186 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
$57.3K $18.00/SF
− Vacancy
−$7.5K −$2.34/SF
EGI
$49.9K $15.66/SF
− OpEx
−$15.0K −$4.70/SF
NOI
$34.9K $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 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%
$698,420
Cap Rate 7%
$498,871
Cap Rate 9%
$388,011
Alternative Uses
Best Use
Multifamily LT 5
$498.9K
$436.5K – $582.0K
NOI $34,921 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$456.3K
$399.2K – $532.3K
NOI $31,938 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$966.0K
$845.2K – $1.13M
NOI $67,617 @ 7.0% cap · market cap 8.16%
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
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 19086, PA
12,270
Population
4,570
Households
2.7
Avg Household Size
44
Median Age
66%
College-Educated
97%
High-School Grad
4.0 sq mi
ZIP Area
3,068
Density / Sq Mi
$143,762
Median Household Income
$82,466
Median Earnings
$1,788
Median Rent
$425,200
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 - Legal two-unit property with separate kitchens, laundry areas, storage, and multiple outdoor spaces.
Where is this duplex located?
The property is located at 310 CEDAR LANE Wallingford, PA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Legal duplex with two dwelling units; Each unit includes 3 bedrooms and 1.5 baths; .95‑acre site off a private lane
