Building Details

Year Built 1949

Tenancy Multi

Listing Agency: Keller Williams Liberty Place k***@kw.com Show Phone

Listed By: Brandon Ribeiro Show Phone

Source: Cummingsrealtors

Added: Jun 4 Changed: Sep 12 Last Checked: Sep 12 at 7:04AM

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Investment Insights

Based on property information with market context.

This updated two-unit residential property includes a main home with a living room, study, eat-in kitchen, dining room, sunroom, four bedrooms, and 1.5 baths. An adjacent in-law suite features an eat-in kitchen/living room combination, a single bedroom, and a full bath. A doorway between the two units, previously closed off, can be reopened to combine the spaces or left as-is to maintain separation as two separately metered units.

The home includes central air and a full basement with a walk-out door and Bilco access. There is also a large partially finished lower level ready to be finished to suit, and a screened-in sunroom. A 2-bay garage/workshop sits adjacent to the driveway, and private rear parking via the alley accommodates approximately six vehicles.

Delivered vacant, the property is configured as flexible separate living units that can function as a two-family investment or as combined space if the interior connection is reopened.

Key Highlights

• Year Built 1949 single‑family home plus separate in‑law suite/rental unit delivered vacant
• Main home features 4 bedrooms and 1.5 baths with living room, study, eat‑in kitchen, dining room, and sunroom
• In‑law suite has an eat‑in kitchen/living room combo, 1 bedroom, and a full bath (separately metered)

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

$33,361

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

7.02%

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%

$667,220 $667.2K

Cap Rate 7%

$476,586 $476.6K

Cap Rate 9%

$370,678 $370.7K

Market Conditions

NOI Build-Up for 2,296 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

$51.0K $22.20/SF

− Vacancy

−$3.3K −$1.44/SF

EGI

$47.7K $20.76/SF

− OpEx

−$14.3K −$6.23/SF

NOI

$33.4K $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%

$667,220

Cap Rate 7%

$476,586

Cap Rate 9%

$370,678

Alternative Uses

Best Use

Multifamily LT 5

$476.6K

$417.0K – $556.0K (±1% cap)

NOI $33,361 @ 7.0% cap · market cap 7.02%

Second Best

Apartment 5plus

$443.1K

$387.8K – $517.0K (±1% cap)

NOI $31,020 @ 7.0% cap · market cap 6.53%

Theoretical Best

Specialty Retail

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,448 @ 7.0% cap · market cap 19.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Restaurant Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

292

Businesses Nearby

Explore this area Business Placement

Demographics for 18041, PA

5,632

Population

2,383

Households

2.4

Avg Household Size

39

Median Age

27%

College-Educated

96%

High-School Grad

12.7 sq mi

ZIP Area

443

Density / Sq Mi

$95,052

Median Household Income

$47,967

Median Earnings

$1,284

Median Rent

$286,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Updated duplex-style residence with a main house and separate in-law suite, delivered vacant and available with optional interior connection.

Where is this duplex located?

The property is located at 513 JEFFERSON STREET East Greenville, PA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Year Built 1949 single‑family home plus separate in‑law suite/rental unit delivered vacant; Main home features 4 bedrooms and 1.5 baths with living room, study, eat‑in kitchen, dining room, and sunroom; In‑law suite has an eat‑in kitchen/living room combo, 1 bedroom, and a full bath (separately metered)