Duplex with Covered
New
For Sale
$334,900
466 RIVELY AVENUE, Collingdale, PA 19023
Both residences are tenant-occupied and have independent heating systems and water heaters.
Property Size1,776 SF
Price / SF$188.57
Days on Market4
Property Features for 466 RIVELY AVENUE
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Duplex
Building Details
Year Built
1955
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Michelle Brady · License #RS362841
(215) 237-0701
Source:
Cummingsrealtors
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 10:21AM
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 Keller Williams Realty Devon-Wayne
Investment Insights
Based on property information with market context.
This 1955 duplex has two residences, each arranged with two bedrooms and one full bathroom. Interior features include recessed lighting, updated finishes, and kitchens with ample cabinet and counter space. The first-floor residence also has central air, a powder room, and access to a finished basement with laundry and storage. Each unit has its own heating system and water heater.
Exterior features include covered balconies, a fenced backyard, and off-street parking. The roof was replaced around 2019. The property is in Collingdale, near shopping, public transportation, and major routes, with access to Delaware County and Philadelphia.
Exterior features include covered balconies, a fenced backyard, and off-street parking. The roof was replaced around 2019. The property is in Collingdale, near shopping, public transportation, and major routes, with access to Delaware County and Philadelphia.
Key Highlights
- Two units, each with two bedrooms and one full bathroom
- First‑floor residence includes central air, a powder room, and finished‑basement access
- Separate heating systems and water heaters serve the units
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
$19,466
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
5.81%
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%
$389,320
$389.3K
Cap Rate 7%
$278,086
$278.1K
Cap Rate 9%
$216,289
$216.3K
Market Conditions
NOI Build-Up for 1,776 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
$32.0K $18.00/SF
− Vacancy
−$4.2K −$2.34/SF
EGI
$27.8K $15.66/SF
− OpEx
−$8.3K −$4.70/SF
NOI
$19.5K $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 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%
$389,320
Cap Rate 7%
$278,086
Cap Rate 9%
$216,289
Alternative Uses
Best Use
Multifamily LT 5
$278.1K
$243.3K – $324.4K
NOI $19,466 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$254.3K
$222.6K – $296.7K
NOI $17,804 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$538.5K
$471.2K – $628.2K
NOI $37,693 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
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 - Both residences are tenant-occupied and have independent heating systems and water heaters.
Where is this duplex located?
The property is located at 466 RIVELY AVENUE Collingdale, PA.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Two units, each with two bedrooms and one full bathroom; First‑floor residence includes central air, a powder room, and finished‑basement access; Separate heating systems and water heaters serve the units
