Duplex with Unfinished
610 SPRING Avenue, Elkins Park, PA 19027
For Sale
New
$500,000
Multi-Family, ELKINS PARK, PA
Property Size2,592 SF
Lot Size0.26 Acres
Price / SF$192.90
Days on Market1
Property Features for 610 SPRING Avenue
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
in-unit laundry
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Bally Gwynedd Realty
Listed By:
Lorraine S. Miranda · License PA RM424913
(800) 215-9180
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# PAMC2200406
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.
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Investment Insights
Based on property information with market context.
This Colonial duplex contains 2,592 square feet of finished space on a 0.264-acre lot. A full, unfinished basement provides additional storage space. The exterior is clad in aluminum siding, and the property has central heating and wall-unit cooling.
In-unit laundry and a driveway accommodating up to two vehicles are part of the property. The listing also identifies a yard, providing outdoor space on the parcel.
In-unit laundry and a driveway accommodating up to two vehicles are part of the property. The listing also identifies a yard, providing outdoor space on the parcel.
Key Highlights
- 2,592 square feet of finished space
- Full, unfinished basement
- 0.264‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,662
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,240
$753.2K
Cap Rate 7%
$538,029
$538.0K
Cap Rate 9%
$418,467
$418.5K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$57.5K $22.20/SF
− Vacancy
−$3.7K −$1.44/SF
EGI
$53.8K $20.76/SF
− OpEx
−$16.1K −$6.23/SF
NOI
$37.7K $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 Rate 5%
$753,240
Cap Rate 7%
$538,029
Cap Rate 9%
$418,467
Alternative Uses
Best Use
Multifamily LT 5
$538.0K
$470.8K – $627.7K
NOI $37,662 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$500.3K
$437.7K – $583.7K
NOI $35,019 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,366 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
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Business Placement
Demographics for 19027, PA
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,915
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Montgomery County, PA
Properties on Market for Duplexes in Montgomery County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A 1920 Colonial with in-unit laundry and driveway parking for two vehicles.
Where is this duplex located?
The property is located at 610 SPRING Avenue Elkins Park, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,592 square feet of finished space; Full, unfinished basement; 0.264‑acre lot
