Two-Unit Victorian
New
For Sale
$449,900
402 W MOUNT CARMEL AVENUE, Glenside, PA 19038
Each apartment has its own gas heating system, water heater, and electric meter.
Property Size2,095 SF
Days on Market7
Property Features for 402 W MOUNT CARMEL AVENUE
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,800
Amenities
front porch
off-street parking
laundry hookups
Building Details
Building Size
2,095 SF
Year Built
1893
Buildings
1
Construction
Victorian
Listing Agency:
Real of Pennsylvania
Listed By:
Liam Coonahan · License #RS362535
(484) 566-5060
Source:
Lizclarkrealestate
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:08PM
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 Real of Pennsylvania
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Victorian duplex contains two apartments with distinct layouts. The first has one bedroom, one full bathroom, a living room, and an eat-in kitchen with a gas range. The second spans two stories and includes two bedrooms, one full bathroom, a living room, separate dining room, and kitchen with a gas range. A front porch, rear-access basement with laundry hookups, and off-street parking complete the property. The roof was installed in 2019, and replacement windows are in place throughout.
Each apartment has separate utilities, its own forced-air gas heating system, hot water heater, and electric meter. The property is located in Glenside, Pennsylvania.
Each apartment has separate utilities, its own forced-air gas heating system, hot water heater, and electric meter. The property is located in Glenside, Pennsylvania.
Key Highlights
- Two‑unit property with separate utilities for each apartment
- Unit mix: one apartment with 1 bedroom and one with 2 bedrooms
- Roof installed in 2019; replacement windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,440
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,800
$608.8K
Cap Rate 7%
$434,857
$434.9K
Cap Rate 9%
$338,222
$338.2K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$46.5K $22.20/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$43.5K $20.76/SF
− OpEx
−$13.0K −$6.23/SF
NOI
$30.4K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,800
Cap Rate 7%
$434,857
Cap Rate 9%
$338,222
Alternative Uses
Best Use
Multifamily LT 5
$434.9K
$380.5K – $507.3K
NOI $30,440 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$404.3K
$353.8K – $471.7K
NOI $28,304 @ 7.0% cap · market cap 6.29%
Theoretical Best
Specialty Retail
$1.21M
$1.05M – $1.41M
NOI $84,355 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 19038, PA
32,490
Population
11,889
Households
2.7
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
8.2 sq mi
ZIP Area
3,962
Density / Sq Mi
$113,464
Median Household Income
$56,934
Median Earnings
$1,407
Median Rent
$387,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own gas heating system, water heater, and electric meter.
Where is this duplex located?
The property is located at 402 W MOUNT CARMEL AVENUE Glenside, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit property with separate utilities for each apartment; Unit mix: one apartment with 1 bedroom and one with 2 bedrooms; Roof installed in 2019; replacement windows throughout
