Two-Unit Brick
New
For Sale
$334,900
466 RIVELY Avenue, Collingdale, PA 19023
Multi-Family, COLLINGDALE, PA
Property Size1,776 SF
Lot Size0.20 Acres
Price / SF$188.57
Days on Market5
Property Features for 466 RIVELY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
On Street, Off Street
Subdivision
NONE AVAILABLE
Elementary school district
SOUTHEAST DELCO
Middle school district
SOUTHEAST DELCO
High school district
SOUTHEAST DELCO
Standard status
Active
Size
1,776 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
6667
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air, Window Unit(s), Wall Unit(s)
Amenities
covered balconies
fenced-in backyard
basement laundry
Building Details
Year built
1955
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Michelle Brady · License #RS362841
(215) 237-0701
Added: Oct 3
Last Checked: Oct 7 at 5:06PM
MLS# PADE2124620
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 1,776-square-foot brick duplex, built in 1955, contains two apartments, each with two bedrooms and one full bathroom. Interior features include updated finishes, recessed lighting, and kitchens with ample cabinet and counter space. The first-floor apartment has central air, a powder room, and access to a finished basement with laundry and storage. Separate heating systems and water heaters serve the units.
The property occupies a 0.2-acre lot and includes covered balconies, a fenced backyard, and off-street parking. The roof was replaced approximately in 2019. Both apartments are currently tenant occupied.
The property occupies a 0.2-acre lot and includes covered balconies, a fenced backyard, and off-street parking. The roof was replaced approximately in 2019. Both apartments are currently tenant occupied.
Key Highlights
- Two apartments, each with two bedrooms and one full bathroom
- 1,776 square feet on a 0.2‑acre lot
- Brick construction; built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,466
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied and offer two bedrooms and one full bathroom.
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 apartments, each with two bedrooms and one full bathroom; 1,776 square feet on a 0.2‑acre lot; Brick construction; built in 1955
