Mixed-Use Duplex with Office
363 HOLMES Road Holmes, PA 19043
363 HOLMES Road, Holmes, PA, 19043
$255,000
For Sale
$255,000
MULTI_FAMILY - Other - HOLMES, PA
Property Size1,080 SF
Lot Size0.08 Acres
Price / SF$236.11
Days on Market28
Property Features for 363 HOLMES Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Garage - Attached, Driveway
- Standard status
- Active
- Size
- 1,080 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6668
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing Agency
Keller Williams Main Line
(610) 520-0100
6 Coulter Avenue unit: 2, Ardmore, PA
Listed by
Jason Karian · License #RS193444L
(215) 783-7634
Added: Jun 22 Checked: Jul 19 at 12:06 am
MLS# PADE2118174
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property offers two distinct spaces within one building, delivered vacant and ready to occupy. The main level features a vacant former dental office setup, including a half bath. The second-floor unit is a vacant 1-bedroom, 1-bath apartment, offering separate residential living space.
The building includes separate electric service, common heat, central air, and hot water. Parking is available via a driveway, along with a built-in one-car garage. The property is located at 363 Holmes Road in Holmes, Pennsylvania, in Delaware County.
According to Ridley Township, there may be an opportunity for a variance to convert the first-floor commercial space into an additional residential unit, with an estimated approval timeline of approximately 30–45 days. The property is reported to be in overall good condition and is described as easy to show.
The building includes separate electric service, common heat, central air, and hot water. Parking is available via a driveway, along with a built-in one-car garage. The property is located at 363 Holmes Road in Holmes, Pennsylvania, in Delaware County.
According to Ridley Township, there may be an opportunity for a variance to convert the first-floor commercial space into an additional residential unit, with an estimated approval timeline of approximately 30–45 days. The property is reported to be in overall good condition and is described as easy to show.
Key Highlights
- Brick mixed‑use property at 363 Holmes Road in the Ridley Farms neighborhood (built 1950).
- Main level: vacant former dental office with a half bath, ready for professional/office use.
- Second‑floor apartment: 1 bedroom, 1 full bathroom, currently vacant.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $26.40 |
| − Vacancy | −$4.9k | −$4.54 |
| EGI | $23.6k | $21.86 |
| − OpEx | −$5.9k | −$5.46 |
| NOI | $17.7k | $16.39 |
1,080 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$252.9K
$221.3K – $295.1K
NOI $17,706 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Joyce E. Koshetar, ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant mixed-use building with a former dental office on the main level and a vacant upstairs 1-bedroom apartment.
Where is this duplex located?
The property is located at 363 HOLMES Road Holmes, PA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Brick mixed‑use property at 363 Holmes Road in the Ridley Farms neighborhood (built 1950).; Main level: vacant former dental office with a half bath, ready for professional/office use.; Second‑floor apartment: 1 bedroom, 1 full bathroom, currently vacant.
