Two-Unit Duplex with Bonus
For Sale
$250,000
50 SUMMIT AVENUE, Clifton Heights, PA 19018
Separate electric meters and dedicated laundry serve the lower apartment.
Property Size1,364 SF
Price / SF$183.28
Days on Market9
Property Features for 50 SUMMIT AVENUE
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Nicole Erickson · License #RS340310
(610) 329-8154
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 31
Last Checked: Oct 30 at 5:04PM
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 Main Line
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,364 SF duplex, built in 1910, contains two apartments. The upper unit has two bedrooms, a full kitchen and bath, living and dining areas, and an enclosed, heated four-season porch. A bonus room provides additional interior space, while sliding doors open to a deck overlooking the backyard.
The lower apartment has a private entrance, an eat-in kitchen, living room, one bedroom, a full bath, and its own laundry. The units have separate electric meters. A backyard and large driveway provide outdoor space and off-street parking. The property is at 50 Summit Avenue in Clifton Heights, near shopping, dining, and major roadways.
The lower apartment has a private entrance, an eat-in kitchen, living room, one bedroom, a full bath, and its own laundry. The units have separate electric meters. A backyard and large driveway provide outdoor space and off-street parking. The property is at 50 Summit Avenue in Clifton Heights, near shopping, dining, and major roadways.
Key Highlights
- Two apartments in a 1,364 SF duplex built in 1910
- Upper unit includes two bedrooms and a bonus room
- Enclosed, heated four‑season porch and deck off the upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,950
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,000
$299.0K
Cap Rate 7%
$213,571
$213.6K
Cap Rate 9%
$166,111
$166.1K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$24.6K $18.00/SF
− Vacancy
−$3.2K −$2.34/SF
EGI
$21.4K $15.66/SF
− OpEx
−$6.4K −$4.70/SF
NOI
$15.0K $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%
$299,000
Cap Rate 7%
$213,571
Cap Rate 9%
$166,111
Alternative Uses
Best Use
Multifamily LT 5
$213.6K
$186.9K – $249.2K
NOI $14,950 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.9K
NOI $13,674 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric meters and dedicated laundry serve the lower apartment.
Where is this duplex located?
The property is located at 50 SUMMIT AVENUE Clifton Heights, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two apartments in a 1,364 SF duplex built in 1910; Upper unit includes two bedrooms and a bonus room; Enclosed, heated four‑season porch and deck off the upper unit
