Stone Duplex with Detached
For Sale
$299,900
323 S Chester Pike, Glenolden, PA 19036
Detached stone duplex offers two separate units with private patios and a large detached garage, sold AS-IS.
Property Size2,563 SF
Price / SF$117.01
Days on Market320
Property Features for 323 S Chester Pike
General Information
Standard status
Active
Size
2,563 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
R-10
Taxes and HOA fees
Annual Taxes
$7,384
Amenities
Full
Natural Gas
Yes
Assessor
1
No Pool
Public
50.00 x 150.00
0.17
No
Additional Storage Area
Driveway,Detached Garage
Sidewalks,Street Lights
Brick/Mortar
2
Building Details
Building Size
2,563 SF
Year Built
1929
Listing Agency:
Century 21 Rauh & Johns
(856) 222-0077
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Oct 21, 2025
Changed: Sep 4
Last Checked: Sep 5 at 5:20AM
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 Century 21 Rauh & Johns
Investment Insights
Based on property information with market context.
This detached stone duplex includes two separate units, each with its own electric service, separate entrances, and private patios. The property also features a bonus unit in the basement, providing additional separate living space. A homeowner can convert the layout into a single-family home or retain the duplex configuration by using the existing separation between the units. There is a large detached garage on the property, along with plenty of parking for all occupants.
The home is being sold AS-IS and needs some work. It is located at 323 S Chester Pike, Glenolden, PA 19036.
Overall, the property is designed to support independent living arrangements within one building while maintaining separate utility setups and dedicated entries.
The home is being sold AS-IS and needs some work. It is located at 323 S Chester Pike, Glenolden, PA 19036.
Overall, the property is designed to support independent living arrangements within one building while maintaining separate utility setups and dedicated entries.
Key Highlights
- Detached stone duplex built in 1929 with two separate units, each with a private patio
- Basement includes a bonus unit; full basement with natural gas hot water and natural gas heating
- Each unit has separate electric and separate entrances for added privacy
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
$25,693
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
8.57%
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%
$513,860
$513.9K
Cap Rate 7%
$367,043
$367.0K
Cap Rate 9%
$285,478
$285.5K
Market Conditions
NOI Build-Up for 2,563 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
$54.1K $21.12/SF
− Vacancy
−$7.4K −$2.89/SF
EGI
$46.7K $18.23/SF
− OpEx
−$21.0K −$8.20/SF
NOI
$25.7K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
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%
$513,860
Cap Rate 7%
$367,043
Cap Rate 9%
$285,478
Alternative Uses
Best Use
Multifamily LT 5
$401.3K
$351.2K – $468.2K
NOI $28,092 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$367.0K
$321.2K – $428.2K
NOI $25,693 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$777.1K
$679.9K – $906.6K
NOI $54,395 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 19036, PA
13,102
Population
5,258
Households
2.5
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
8,189
Density / Sq Mi
$76,184
Median Household Income
$43,291
Median Earnings
$1,268
Median Rent
$191,700
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 - Detached stone duplex offers two separate units with private patios and a large detached garage, sold AS-IS.
Where is this duplex located?
The property is located at 323 S Chester Pike Glenolden, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Detached stone duplex built in 1929 with two separate units, each with a private patio; Basement includes a bonus unit; full basement with natural gas hot water and natural gas heating; Each unit has separate electric and separate entrances for added privacy
