Duplex with Separate Electric
For Sale
$250,000
50 Summit Ave, Clifton Hts, PA 19018
The two residences offer distinct layouts, including a private entrance and in-unit laundry in the first-floor apartment.
Property Size1,364 SF
Price / SF$183.28
Days on Market10
Property Features for 50 Summit Ave
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,850
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Nicole Erickson · License #RS340310
(610) 329-8154
Source:
Exprealty
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 30 at 5:27PM
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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Investment Insights
Based on property information with market context.
This 1,364-square-foot duplex contains two separate residences. The upper apartment has two bedrooms, a full kitchen and bath, living and dining areas, and an enclosed heated porch designed for year-round use. A bonus room offers additional interior space, while sliding doors open to a deck overlooking the backyard. The first-floor unit has a private entrance, an eat-in kitchen, living room, one bedroom, a full bathroom, and its own laundry. Separate electric meters serve the units.
The property also includes a backyard and a large driveway with off-street parking. Shopping, dining, and major roadways are nearby in Clifton Heights, Pennsylvania.
The property also includes a backyard and a large driveway with off-street parking. Shopping, dining, and major roadways are nearby in Clifton Heights, Pennsylvania.
Key Highlights
- Two‑unit duplex with separate electric meters
- 1,364 square feet of interior space
- Upper apartment includes two bedrooms, a heated four‑season porch, and a deck
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
Location Intelligence
Trade Area within ½ mile
904
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 - The two residences offer distinct layouts, including a private entrance and in-unit laundry in the first-floor apartment.
Where is this duplex located?
The property is located at 50 Summit Ave Clifton Hts, 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‑unit duplex with separate electric meters; 1,364 square feet of interior space; Upper apartment includes two bedrooms, a heated four‑season porch, and a deck
