Two-Unit Duplex with
New
For Sale
$325,000
506 RYERS AVENUE, Cheltenham, PA 19012
Two one-bedroom residences feature renovated kitchens, newer appliances, and shared outdoor space.
Property Size1,280 SF
Price / SF$253.91
Days on Market3
Property Features for 506 RYERS AVENUE
General Information
Standard status
Active
Size
1,280 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Asking Price
$325,000
Amenities
rear yard
basement
Building Details
Year Built
1965
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Philip R. Cavalcanto · License #2297020
(215) 681-6610
Source:
Cummingsrealtors
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 4:12PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located at 506 Ryers Avenue in Cheltenham, this 1,280-square-foot duplex contains two separate one-bedroom units. The kitchens have been renovated and include newer appliances, while the overall property has received updates. Built in 1965, the building also includes a large basement for storage, utilities, and routine property needs.
Off-street parking accommodates up to four vehicles, and the rear yard provides outdoor space for residents. The two-unit layout supports several ownership approaches, including occupying one residence while renting the other or operating the property as a two-unit rental.
Off-street parking accommodates up to four vehicles, and the rear yard provides outdoor space for residents. The two-unit layout supports several ownership approaches, including occupying one residence while renting the other or operating the property as a two-unit rental.
Key Highlights
- Two separate one‑bedroom units within a 1,280‑square‑foot duplex
- Renovated kitchens with newer appliances
- Off‑street parking for up to four cars
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
$18,598
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
5.72%
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%
$371,960
$372.0K
Cap Rate 7%
$265,686
$265.7K
Cap Rate 9%
$206,644
$206.6K
Market Conditions
NOI Build-Up for 1,280 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
$28.4K $22.20/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$26.6K $20.76/SF
− OpEx
−$8.0K −$6.23/SF
NOI
$18.6K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /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%
$371,960
Cap Rate 7%
$265,686
Cap Rate 9%
$206,644
Alternative Uses
Best Use
Multifamily LT 5
$265.7K
$232.5K – $310.0K
NOI $18,598 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$247.0K
$216.2K – $288.2K
NOI $17,293 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$736.3K
$644.2K – $859.0K
NOI $51,539 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 19012, PA
6,699
Population
2,314
Households
2.9
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
3,941
Density / Sq Mi
$117,614
Median Household Income
$53,216
Median Earnings
$1,226
Median Rent
$320,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences feature renovated kitchens, newer appliances, and shared outdoor space.
Where is this duplex located?
The property is located at 506 RYERS AVENUE Cheltenham, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two separate one‑bedroom units within a 1,280‑square‑foot duplex; Renovated kitchens with newer appliances; Off‑street parking for up to four cars
