Two-Unit Duplex with
New
For Sale
$349,900
538 GIA Circle, Clifton Heights, PA 19018
Multi-Family, CLIFTON HEIGHTS, PA
Property Size1,880 SF
Lot Size0.13 Acres
Price / SF$186.12
Days on Market4
Property Features for 538 GIA Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
6
Parking features
Garage - Attached, Driveway
Subdivision
WESTBROOK PARK
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Size
1,880 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
6797
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private balcony
washer/dryer
garage
driveway
central A/C
Building Details
Year built
1981
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Real Estate-Montgomeryville · Keller Williams Realty
(215) 631-1900
Listed By:
Erin M. Thompson · License #AB068517
(610) 724-5702
Added: Sep 29
Last Checked: Oct 2 at 3:06PM
MLS# PADE2124730
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.
Built in 1981, this 1,880-square-foot duplex contains two residences, each with a two-bedroom, one-bathroom layout. Sliding glass doors lead from each unit to a private balcony. Separate washer and dryer setups are located on the lower level, and the property has central air conditioning and separate utilities.
The property occupies a 0.13-acre lot at 538 GIA Circle in Clifton Heights, Pennsylvania, on a cul-de-sac. Parking includes an attached two-car garage and a driveway with space for up to four additional vehicles. Both units are leased, and the property has a stated 6.8% cap rate.
The property occupies a 0.13-acre lot at 538 GIA Circle in Clifton Heights, Pennsylvania, on a cul-de-sac. Parking includes an attached two-car garage and a driveway with space for up to four additional vehicles. Both units are leased, and the property has a stated 6.8% cap rate.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,880 square feet on a 0.13‑acre lot
- Private balcony for each unit
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
$20,606
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
5.89%
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%
$412,120
$412.1K
Cap Rate 7%
$294,371
$294.4K
Cap Rate 9%
$228,956
$229.0K
Market Conditions
NOI Build-Up for 1,880 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
$33.8K $18.00/SF
− Vacancy
−$4.4K −$2.34/SF
EGI
$29.4K $15.66/SF
− OpEx
−$8.8K −$4.70/SF
NOI
$20.6K $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%
$412,120
Cap Rate 7%
$294,371
Cap Rate 9%
$228,956
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.4K
NOI $20,606 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$269.2K
$235.6K – $314.1K
NOI $18,846 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$570.0K
$498.8K – $665.0K
NOI $39,900 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and its own washer and dryer setup.
Where is this duplex located?
The property is located at 538 GIA Circle Clifton Heights, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,880 square feet on a 0.13‑acre lot; Private balcony for each unit
