Detached Duplex with Updated
For Sale
$314,000
Pending
7768 MONTGOMERY AVENUE, Elkins Park, PA 19027
Separate living spaces, storage, and off-street parking support flexible occupancy.
Property Size1,837 SF
Days on Market38
Property Features for 7768 MONTGOMERY AVENUE
General Information
Standard status
Pending
Size
1,837 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,499
Building Details
Building Size
1,837 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Centre Realtors
(215) 669-5555
Listed By:
Robert Wipplinger · License #RS298064
(215) 669-5555
Source:
Lizclarkrealestate
Added: Jul 7
Changed: Aug 9
Last Checked: Aug 12 at 3:05PM
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 RE/MAX Centre Realtors
Investment Insights
Based on property information with market context.
This detached duplex, built in 1900, contains two residential units with a bedroom, full bathroom, living room, and kitchen in each. The first-floor residence adds a dining room, backyard access, and a storage shed. Upstairs, the updated kitchen includes modern cabinetry, laminate flooring, and an in-unit washer and dryer, while a bonus room provides additional flexible space. A full basement offers storage and houses the new heater installed in 2024.
The property includes a driveway for off-street parking and is located minutes from the Elkins Park Regional Rail station. Arcadia University, La Salle University, shopping, restaurants, parks, and everyday services are also nearby.
The property includes a driveway for off-street parking and is located minutes from the Elkins Park Regional Rail station. Arcadia University, La Salle University, shopping, restaurants, parks, and everyday services are also nearby.
Key Highlights
- Detached duplex with two residential units
- New heater installed in 2024
- Roof replaced 3 months ago
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
$26,691
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
8.50%
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%
$533,820
$533.8K
Cap Rate 7%
$381,300
$381.3K
Cap Rate 9%
$296,567
$296.6K
Market Conditions
NOI Build-Up for 1,837 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
$40.8K $22.20/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$38.1K $20.76/SF
− OpEx
−$11.4K −$6.23/SF
NOI
$26.7K $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 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%
$533,820
Cap Rate 7%
$381,300
Cap Rate 9%
$296,567
Alternative Uses
Best Use
Multifamily LT 5
$381.3K
$333.6K – $444.9K
NOI $26,691 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,818 @ 7.0% cap · market cap 7.90%
Theoretical Best
Specialty Retail
$1.06M
$924.6K – $1.23M
NOI $73,966 @ 7.0% cap · market cap 23.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces, storage, and off-street parking support flexible occupancy.
Where is this duplex located?
The property is located at 7768 MONTGOMERY AVENUE Elkins Park, PA.
What is the asking price?
The asking price for this property is $314,000.
What are key features of this property?
This property features: Detached duplex with two residential units; New heater installed in 2024; Roof replaced 3 months ago
