Building Details

Year Built 1950

Buildings 1

Listing Agency: CG Realty, LLC Show Phone

Listed By: Anthony DeCicci · License #5014569 Show Phone

Source: Cummingsrealtors

Added: Aug 15 Changed: Oct 4 Last Checked: Oct 7 at 1:38PM

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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.

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 / Yr

$34,921

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $34,921 @ 7.0% cap · market cap 4.37%

Second Best

Apartment 5plus

$456.3K

$399.2K – $532.3K (±1% cap)

NOI $31,938 @ 7.0% cap · market cap 4.00%

Theoretical Best

Office A

$966.0K

$845.2K – $1.13M (±1% cap)

NOI $67,617 @ 7.0% cap · market cap 8.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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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 $799,000.

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