Renovated Two-Unit
For Sale
Under Contract
$330,000
504 URBAN Avenue, Glenolden, PA 19036
Multi-Family, GLENOLDEN, PA
Property Size1,803 SF
Lot Size0.08 Acres
Price / SF$183.03
Days on Market23
Property Features for 504 URBAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
3
Parking features
On Street, Driveway
Interior features
Ceiling Fan(s), Recessed Lighting
Appliances
Built-In Microwave, Dishwasher, Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Dryer
Elementary school
GLENOLDEN
High school
INTERBORO
Elementary school district
INTERBORO
Middle school district
INTERBORO
High school district
INTERBORO
Standard status
Active Under Contract
Size
1,803 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
5936
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1925
Number of units
2
Building materials
Frame
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Real Estate - Media · Keller Williams Realty
(610) 565-1995
Listed By:
Samantha Powell · License #RS355639
(610) 674-8948
Added: Oct 1
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# PADE2124810
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.
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Investment Insights
Based on property information with market context.
This 1,803-square-foot duplex contains two distinct apartments. The lower unit has two bedrooms, a living room, dining area, kitchen and full bathroom. Upstairs, a one-bedroom apartment offers a galley kitchen, dining area, living room and full bathroom, along with a finished walk-up dormer attic. Exterior stairs provide access to the upper unit. The unfinished basement includes a washer and dryer for each apartment and storage space.
Plumbing, electrical, flooring, kitchens and bathrooms were updated in 2017. A replacement sewer line dates to 2018, and the roof was replaced in 2023 with a 15-year warranty. The 0.08-acre property is in Glenolden, near a train station, Glenolden Park, shopping and dining, with access to Chester Pike, I-95 and Philadelphia International Airport.
Plumbing, electrical, flooring, kitchens and bathrooms were updated in 2017. A replacement sewer line dates to 2018, and the roof was replaced in 2023 with a 15-year warranty. The 0.08-acre property is in Glenolden, near a train station, Glenolden Park, shopping and dining, with access to Chester Pike, I-95 and Philadelphia International Airport.
Key Highlights
- Two apartments: a two‑bedroom lower unit and a one‑bedroom upper unit
- 1,803 square feet on a 0.08‑acre lot
- Renovations in 2017 included plumbing, electrical, flooring, kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,762
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens serve a two-bedroom lower apartment and a one-bedroom upper residence with a finished attic.
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 lower unit and a one‑bedroom upper unit; 1,803 square feet on a 0.08‑acre lot; Renovations in 2017 included plumbing, electrical, flooring, kitchens and bathrooms
