Side-by-Side Duplex with Finished
New
For Sale
$649,900
420 Fort Washington Ave, Fort Washington, PA 19034
Two separate residences provide private entries, laundry, kitchens, and flexible lower-level space.
Property Size2,048 SF
Price / SF$317.33
Days on Market2
Property Features for 420 Fort Washington Ave
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
finished basement
off-street parking
Building Details
Year Built
1971
Buildings
1
Construction
brick
Listing Agency:
Real of Pennsylvania
Listed By:
John Lee · License #RS348062
(267) 371-3920
Source:
Upgradebymichaud
Added: Sep 12
Last Checked: Sep 12 at 3:00PM
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
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences within a 2,048-square-foot property built in 1971. Each unit has a separate front entrance, living area, kitchen, in-unit laundry, and finished basement space that can support office, guest, recreation, or storage needs. The building has a brick exterior, updated windows, and abundant natural light.
Unit A is occupied through the end of July, while Unit B is vacant. Major building systems include a roof approximately 3 years old, HVAC systems replaced about 3 years ago, and windows replaced approximately 5 years ago. The washer and dryer are about 2 to 3 years old. A driveway provides off-street parking, and the property is located at 420 Fort Washington Ave in Fort Washington, Pennsylvania.
Unit A is occupied through the end of July, while Unit B is vacant. Major building systems include a roof approximately 3 years old, HVAC systems replaced about 3 years ago, and windows replaced approximately 5 years ago. The washer and dryer are about 2 to 3 years old. A driveway provides off-street parking, and the property is located at 420 Fort Washington Ave in Fort Washington, Pennsylvania.
Key Highlights
- 2,048‑square‑foot side‑by‑side duplex built in 1971
- Separate front entrances for both residences
- Finished basements provide additional flex, office, guest, recreation, or storage space
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
$25,357
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
3.90%
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%
$507,140
$507.1K
Cap Rate 7%
$362,243
$362.2K
Cap Rate 9%
$281,744
$281.7K
Market Conditions
NOI Build-Up for 2,048 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
$47.7K $23.28/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$46.1K $22.51/SF
− OpEx
−$20.7K −$10.13/SF
NOI
$25.4K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /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%
$507,140
Cap Rate 7%
$362,243
Cap Rate 9%
$281,744
Alternative Uses
Best Use
Apartment 5plus
$362.2K
$317.0K – $422.6K
NOI $25,357 @ 7.0% cap · market cap 3.90%
Second Best
Multifamily LT 5
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$620.9K
$543.3K – $724.4K
NOI $43,465 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 19034, PA
6,685
Population
2,613
Households
2.6
Avg Household Size
44
Median Age
62%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
942
Density / Sq Mi
$164,531
Median Household Income
$75,222
Median Earnings
$1,523
Median Rent
$611,400
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide private entries, laundry, kitchens, and flexible lower-level space.
Where is this duplex located?
The property is located at 420 Fort Washington Ave Fort Washington, PA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,048‑square‑foot side‑by‑side duplex built in 1971; Separate front entrances for both residences; Finished basements provide additional flex, office, guest, recreation, or storage space
