Duplex with Rear-Entry
New
For Sale
$335,000
38 E STRATFORD AVE, Lansdowne, PA 19050
Basement access, driveway parking, and a secured main entrance support the property’s two-unit configuration.
Property Size1,944 SF
Lot Size0.08 Acres
Price / SF$172.33
Days on Market3
Property Features for 38 E STRATFORD AVE
General Information
Standard status
Active
Size
1,944 SF
Lot size
0.08 Acres
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Listing Agency:
Coldwell Banker Realty
(610) 566-1100
Listed By:
Robert C Hoopes · License #RS283252
(610) 348-3978
Source:
Cathyshometeam
Added: Oct 19
Last Checked: Oct 20 at 8:34PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This duplex contains 1,944 square feet and sits on a 0.08-acre lot. A basement is accessed from the rear, and the building also has a rear-entry garage. The main entrance is secured.
Parking includes a private driveway as well as on-street spaces. The property is described as being in good condition and ready for occupancy.
Parking includes a private driveway as well as on-street spaces. The property is described as being in good condition and ready for occupancy.
Key Highlights
- 1,944‑square‑foot duplex on a 0.08‑acre lot
- Rear‑access basement
- Rear‑entry garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,308
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,160
$426.2K
Cap Rate 7%
$304,400
$304.4K
Cap Rate 9%
$236,756
$236.8K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$35.0K $18.00/SF
− Vacancy
−$4.6K −$2.34/SF
EGI
$30.4K $15.66/SF
− OpEx
−$9.1K −$4.70/SF
NOI
$21.3K $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%
$426,160
Cap Rate 7%
$304,400
Cap Rate 9%
$236,756
Alternative Uses
Best Use
Multifamily LT 5
$304.4K
$266.4K – $355.1K
NOI $21,308 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,488 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$589.4K
$515.7K – $687.6K
NOI $41,258 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
907
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Basement access, driveway parking, and a secured main entrance support the property’s two-unit configuration.
Where is this duplex located?
The property is located at 38 E STRATFORD AVE Lansdowne, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,944‑square‑foot duplex on a 0.08‑acre lot; Rear‑access basement; Rear‑entry garage
