Two-Unit Brick
New
For Sale
$274,900
822 WINDERMERE Avenue, Drexel Hill, PA 19026
MULTI_FAMILY - DREXEL HILL, PA
Property Size1,458 SF
Lot Size0.04 Acres
Price / SF$188.55
Days on Market1
Property Features for 822 WINDERMERE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Garage - Attached
Subdivision
DREXEL PARK GARDEN
Elementary school
HILLCREST
Middle school
DREXEL HILL
High school
UPPER DARBY SENIOR
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Size
1,458 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6175
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1927
Number of units
2
Building materials
Brick
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Skye Michiels · License #RS271369
(215) 266-4643
Added: Aug 15
Last Checked: Aug 15 at 12:06PM
MLS# PADE2121632
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.
This two-unit duplex contains a one-bedroom first-floor residence and a two-bedroom second-floor residence within a 1,458-square-foot building. The property includes a rear-entry, two-car attached garage in the basement, brick construction, hot-water heat, and window-unit cooling. Built in 1927, the layout provides separate residential spaces for occupancy or rental use.
The property is located at 822 Windermere Avenue in Drexel Hill, Delaware County. SEPTA’s Media/Wawa Regional Rail line provides regional transit access, while Routes 1 and 3 connect the area with employment corridors, shopping, dining, and healthcare. The property occupies a 0.0393-acre lot in the 19026 postal area.
The property is located at 822 Windermere Avenue in Drexel Hill, Delaware County. SEPTA’s Media/Wawa Regional Rail line provides regional transit access, while Routes 1 and 3 connect the area with employment corridors, shopping, dining, and healthcare. The property occupies a 0.0393-acre lot in the 19026 postal area.
Key Highlights
- Two‑unit duplex with one‑bedroom first‑floor and two‑bedroom second‑floor residences
- 1,458 square feet on a 0.0393‑acre lot
- Rear‑entry, two‑car attached garage in the basement
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
$15,981
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
5.81%
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%
$319,620
$319.6K
Cap Rate 7%
$228,300
$228.3K
Cap Rate 9%
$177,567
$177.6K
Market Conditions
NOI Build-Up for 1,458 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
$26.2K $18.00/SF
− Vacancy
−$3.4K −$2.34/SF
EGI
$22.8K $15.66/SF
− OpEx
−$6.8K −$4.70/SF
NOI
$16.0K $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%
$319,620
Cap Rate 7%
$228,300
Cap Rate 9%
$177,567
Alternative Uses
Best Use
Multifamily LT 5
$228.3K
$199.8K – $266.4K
NOI $15,981 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$442.1K
$386.8K – $515.7K
NOI $30,944 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
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 - Separate one- and two-bedroom residences include a basement garage and distinct living spaces.
Where is this duplex located?
The property is located at 822 WINDERMERE Avenue Drexel Hill, PA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑unit duplex with one‑bedroom first‑floor and two‑bedroom second‑floor residences; 1,458 square feet on a 0.0393‑acre lot; Rear‑entry, two‑car attached garage in the basement
