Two-Unit
For Sale
$299,999
550 S Benner Ave, Fountain Hill, PA 18015
Fully occupied residential income property with distinct one-bedroom and two-bedroom layouts.
Property Size1,664 SF
Price / SF$180.29
Days on Market19
Property Features for 550 S Benner Ave
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,122
Listing Agency:
Ignite Realty Group
(484) 649-4248
Listed By:
Ignacio E. Patricio
(484) 649-4248
Source:
Exprealty
Added: Aug 5
Changed: Aug 20
Last Checked: Aug 22 at 9:37AM
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 Ignite Realty Group
Investment Insights
Based on property information with market context.
Located at 550 S Benner Ave in Fountain Hill, PA, this duplex contains 1,664 square feet across two residential units. The first apartment has one bedroom and one bathroom, while the second provides two bedrooms and one bathroom, creating a varied unit mix within the same building.
Both units are currently tenant occupied. The property is situated near local dining, shops, and major commuter routes, providing access to everyday services and regional travel connections. Its two-unit configuration offers a straightforward multifamily layout for an owner seeking a residential income property.
Both units are currently tenant occupied. The property is situated near local dining, shops, and major commuter routes, providing access to everyday services and regional travel connections. Its two-unit configuration offers a straightforward multifamily layout for an owner seeking a residential income property.
Key Highlights
- Two‑unit duplex totaling 1,664 square feet
- Fully tenant occupied
- Unit 1: 1 bedroom and 1 bathroom
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
$11,001
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
3.67%
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%
$220,020
$220.0K
Cap Rate 7%
$157,157
$157.2K
Cap Rate 9%
$122,233
$122.2K
Market Conditions
NOI Build-Up for 1,664 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
$17.0K $10.20/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$15.7K $9.44/SF
− OpEx
−$4.7K −$2.83/SF
NOI
$11.0K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /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%
$220,020
Cap Rate 7%
$157,157
Cap Rate 9%
$122,233
Alternative Uses
Best Use
Multifamily LT 5
$157.2K
$137.5K – $183.4K
NOI $11,001 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$144.7K
$126.6K – $168.8K
NOI $10,126 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$315.6K
$276.2K – $368.2K
NOI $22,093 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
Explore this area
Business Placement
Demographics for 18015, PA
33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
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 - Fully occupied residential income property with distinct one-bedroom and two-bedroom layouts.
Where is this duplex located?
The property is located at 550 S Benner Ave Fountain Hill, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,664 square feet; Fully tenant occupied; Unit 1: 1 bedroom and 1 bathroom
