Two-Unit Duplex with
New
For Sale
$280,000
314 CHESTER AVENUE, Lansdowne, PA 19050
Each residence has its own gas and electric service.
Property Size1,512 SF
Days on Market5
Property Features for 314 CHESTER AVENUE
General Information
Standard status
Active
Size
1,512 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,979
Amenities
shared basement space
Building Details
Building Size
1,512 SF
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
Michael Realty Inc
Listed By:
Fengmei Tian · License #rs362564
(215) 760-4123
Source:
Patmckennarealtors
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 3:17AM
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 Michael Realty Inc
Investment Insights
Based on property information with market context.
This legal duplex, built in 1940, contains two residences, one on each floor. Both are arranged as one-bedroom, one-bathroom units. Renovations include kitchens, appliances, flooring, and bathrooms. The property also has shared basement space and a two-car garage, with separate gas and electric utilities for each unit.
Retail and shopping options are located along Chester Avenue. A trolley terminal sits directly across the street, with consumer services farther down the road.
Retail and shopping options are located along Chester Avenue. A trolley terminal sits directly across the street, with consumer services farther down the road.
Key Highlights
- Legal duplex with one residence on each floor
- Each unit has 1 bedroom and 1 bathroom
- Separate gas and electric utilities for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,573
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,460
$331.5K
Cap Rate 7%
$236,757
$236.8K
Cap Rate 9%
$184,144
$184.1K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$27.2K $18.00/SF
− Vacancy
−$3.5K −$2.34/SF
EGI
$23.7K $15.66/SF
− OpEx
−$7.1K −$4.70/SF
NOI
$16.6K $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%
$331,460
Cap Rate 7%
$236,757
Cap Rate 9%
$184,144
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.2K
NOI $16,573 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$216.5K
$189.5K – $252.6K
NOI $15,157 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$458.4K
$401.1K – $534.8K
NOI $32,090 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own gas and electric service.
Where is this duplex located?
The property is located at 314 CHESTER AVENUE Lansdowne, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Legal duplex with one residence on each floor; Each unit has 1 bedroom and 1 bathroom; Separate gas and electric utilities for both units
