Duplex with Separate
For Sale
$325,000
513 West 1st Avenue, Parkesburg, PA 19365
Two residential units offer distinct layouts, private rear porch access, and individual laundry hookups.
Property Size2,244 SF
Price / SF$144.83
Days on Market193
Property Features for 513 West 1st Avenue
General Information
Standard status
Active
Size
2,244 SF
Total Parking Spaces
3
Property subtype
Multi-Family / Fee Simple
Zoning
RA
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,851
Amenities
laundry hookups
rear porch
backyard
No
No Pool
Above Grade, Below Grade
Porch(es)
Building Details
Year Built
1900
Listing Agency:
VRA Realty
(484) 354-9222
Listed By:
Robert D Lawrence · License #RS341053
(484) 354-9222
Source:
Compass
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 2:18PM
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 VRA Realty
Investment Insights
Based on property information with market context.
Built in 1900, this 2,244-square-foot duplex contains two separate residential units. The first unit has one bedroom, one bathroom, hardwood flooring, and two additional rooms with closets. The second offers two bedrooms, one bathroom, hardwood floors, high ceilings, and two third-floor bonus rooms.
Each unit is separately served by its own electrical panel, electric meter, water meter, and hot water heater. Individual laundry hookups are also provided. Both residences connect privately to the rear porch and share access to a large backyard. The property includes a new exterior basement door, three off-street parking spaces at the rear, and RA zoning.
Each unit is separately served by its own electrical panel, electric meter, water meter, and hot water heater. Individual laundry hookups are also provided. Both residences connect privately to the rear porch and share access to a large backyard. The property includes a new exterior basement door, three off-street parking spaces at the rear, and RA zoning.
Key Highlights
- 2,244‑square‑foot duplex built in 1900
- Unit 1 includes 1 bedroom, 1 bath, hardwood floors, and 2 bonus rooms
- Unit 2 includes 2 bedrooms, 1 bath, hardwood floors, high ceilings, and 2 third‑floor bonus rooms
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
$25,786
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
7.93%
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%
$515,720
$515.7K
Cap Rate 7%
$368,371
$368.4K
Cap Rate 9%
$286,511
$286.5K
Market Conditions
NOI Build-Up for 2,244 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
$43.1K $19.20/SF
− Vacancy
−$6.2K −$2.78/SF
EGI
$36.8K $16.42/SF
− OpEx
−$11.1K −$4.92/SF
NOI
$25.8K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /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%
$515,720
Cap Rate 7%
$368,371
Cap Rate 9%
$286,511
Alternative Uses
Best Use
Multifamily LT 5
$368.4K
$322.3K – $429.8K
NOI $25,786 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$347.6K
$304.2K – $405.6K
NOI $24,333 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$680.4K
$595.3K – $793.8K
NOI $47,625 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 19365, PA
7,410
Population
2,818
Households
2.6
Avg Household Size
38
Median Age
30%
College-Educated
89%
High-School Grad
16.5 sq mi
ZIP Area
449
Density / Sq Mi
$92,137
Median Household Income
$48,065
Median Earnings
$1,256
Median Rent
$300,000
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 residential units offer distinct layouts, private rear porch access, and individual laundry hookups.
Where is this duplex located?
The property is located at 513 West 1st Avenue Parkesburg, 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: 2,244‑square‑foot duplex built in 1900; Unit 1 includes 1 bedroom, 1 bath, hardwood floors, and 2 bonus rooms; Unit 2 includes 2 bedrooms, 1 bath, hardwood floors, high ceilings, and 2 third‑floor bonus rooms
