Duplex with Finished
New
For Sale
$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 Market2
Property Features for 504 URBAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
3
Parking features
Driveway, On Street
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
Size
1,803 SF
Lot size
0.08 Acres
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
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 2
Last Checked: Oct 2 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This 1,803-square-foot duplex on a 0.08-acre lot contains two apartments. The lower residence has two bedrooms, a living room, dining area, kitchen, and full bathroom. The upper apartment is reached by exterior stairs and includes one bedroom, a galley kitchen, dining area, living room, full bathroom, and a finished walk-up dormer attic. An exterior-access basement provides storage and a washer and dryer for each unit.
Plumbing, electrical systems, flooring, kitchens, and bathrooms were renovated in 2017. A replacement sewer line followed in 2018, and the roof was replaced in 2023 with a 15-year warranty. Each unit has an individually metered PECO account; the owner covers common-area electricity and water. The property is near Glenolden Park, the train station, shopping, and dining, with access to Chester Pike, I-95, and Philadelphia International Airport.
Plumbing, electrical systems, flooring, kitchens, and bathrooms were renovated in 2017. A replacement sewer line followed in 2018, and the roof was replaced in 2023 with a 15-year warranty. Each unit has an individually metered PECO account; the owner covers common-area electricity and water. The property is near Glenolden Park, the train station, shopping, and dining, with access to Chester Pike, I-95, and Philadelphia International Airport.
Key Highlights
- Two‑unit duplex with 1,803 square feet on a 0.08‑acre lot
- Lower apartment has two bedrooms; upper apartment has one bedroom and a finished walk‑up dormer attic
- Plumbing, electrical, flooring, kitchens, and bathrooms renovated in 2017
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
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Current Use
Lease Details
2
Residential units
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences have separate living areas, and the upper unit includes a finished walk-up 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‑unit duplex with 1,803 square feet on a 0.08‑acre lot; Lower apartment has two bedrooms; upper apartment has one bedroom and a finished walk‑up dormer attic; Plumbing, electrical, flooring, kitchens, and bathrooms renovated in 2017
