Two-Unit Residential Income
513 JEFFERSON STREET East Greenville, PA 18041
New
For Sale
$475,000
Updated duplex-style residence with a main house and separate in-law suite, delivered vacant and available with optional interior connection.
Property Size2,296 SF
Price / SF$206.88
Days on Market7
Property Features for 513 JEFFERSON STREET
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Duplex
Building Details
Year Built
1949
Listing Agency:
Keller Williams Liberty Place
(267) 945-8167
Listed By:
Brandon Ribeiro
(267) 945-8167
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 28 at 4:21AM
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 Liberty Place
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.
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $22.20 |
| − Vacancy | −$3.3k | −$1.44 |
| EGI | $47.7k | $20.76 |
| − OpEx | −$14.3k | −$6.23 |
| NOI | $33.4k | $14.53 |
2,296 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$476.6K
$417.0K – $556.0K
NOI $33,361 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$443.1K
$387.8K – $517.0K
NOI $31,020 @ 7.0% cap · market cap 6.53%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,448 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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)
