Renovated Two-Unit
New
For Sale
$330,000
504 URBAN AVENUE, Glenolden, PA 19036
The two apartments have separate kitchens, while an exterior-access basement provides laundry equipment for both.
Property Size1,803 SF
Price / SF$183.03
Days on Market3
Property Features for 504 URBAN AVENUE
General Information
Standard status
Active
Size
1,803 SF
Property subtype
Duplex
Building Details
Year Built
1925
Listing Agency:
Keller Williams Real Estate - Media
(610) 565-1995
Listed By:
Samantha Powell · License #5012776
(610) 674-8948
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 11:49AM
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 Real Estate - Media
Investment Insights
Based on property information with market context.
This two-unit duplex has a two-bedroom apartment on the first floor and a one-bedroom apartment upstairs, reached by exterior stairs. Both units include a kitchen, dining area, living room and full bathroom. The upper apartment also has a finished walk-up dormer attic. An exterior-access basement contains a washer and dryer for each unit and additional storage space.
Renovations in 2017 covered plumbing, electrical, flooring, kitchens and bathrooms. The sewer line was replaced in 2018, and the roof was replaced in 2023 with a 15-year warranty. The first-floor apartment has a lease through March 1, 2027; the upstairs apartment is rented month to month. The property is near Glenolden Park, a train station, shopping and dining, with access to Chester Pike, I-95 and Philadelphia International Airport.
Renovations in 2017 covered plumbing, electrical, flooring, kitchens and bathrooms. The sewer line was replaced in 2018, and the roof was replaced in 2023 with a 15-year warranty. The first-floor apartment has a lease through March 1, 2027; the upstairs apartment is rented month to month. The property is near Glenolden Park, a train station, shopping and dining, with access to Chester Pike, I-95 and Philadelphia International Airport.
Key Highlights
- Two apartments: a two‑bedroom first‑floor unit and a one‑bedroom upstairs unit
- Both apartments have a kitchen, dining area, living room and full bathroom
- Finished walk‑up dormer attic in the upper apartment
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
$19,762
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
5.99%
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%
$395,240
$395.2K
Cap Rate 7%
$282,314
$282.3K
Cap Rate 9%
$219,578
$219.6K
Market Conditions
NOI Build-Up for 1,803 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
$32.5K $18.00/SF
− Vacancy
−$4.2K −$2.34/SF
EGI
$28.2K $15.66/SF
− OpEx
−$8.5K −$4.70/SF
NOI
$19.8K $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%
$395,240
Cap Rate 7%
$282,314
Cap Rate 9%
$219,578
Alternative Uses
Best Use
Multifamily LT 5
$282.3K
$247.0K – $329.4K
NOI $19,762 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$258.2K
$225.9K – $301.2K
NOI $18,074 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$546.7K
$478.3K – $637.8K
NOI $38,266 @ 7.0% cap · market cap 11.60%
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
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 19036, PA
13,102
Population
5,258
Households
2.5
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
8,189
Density / Sq Mi
$76,184
Median Household Income
$43,291
Median Earnings
$1,268
Median Rent
$191,700
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 - The two apartments have separate kitchens, while an exterior-access basement provides laundry equipment for both.
Where is this duplex located?
The property is located at 504 URBAN AVENUE Glenolden, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two apartments: a two‑bedroom first‑floor unit and a one‑bedroom upstairs unit; Both apartments have a kitchen, dining area, living room and full bathroom; Finished walk‑up dormer attic in the upper apartment
