Two-Unit Duplex with Private
New
For Sale
$375,000
913 CHESTNUT STREET, Collingdale, PA 19023
Rented duplex with separately metered utilities, private parking, and updated HVAC systems.
Property Size2,100 SF
Price / SF$178.57
Days on Market4
Property Features for 913 CHESTNUT STREET
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
6
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$31,500
Utilities to Site
Yes
Building Details
Year Built
1987
Listing Agency:
Compass Pennsylvania, LLC
(610) 822-3356
Listed By:
Andrew C. McClatchy
(484) 326-4516
Source:
Cummingsrealtors
Added: Sep 20
Changed: Sep 23
Last Checked: Sep 22 at 2:02PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This 1987 duplex contains two residential units, each measuring approximately 1,100 square feet with two bedrooms and one full bath. Both apartments are currently rented and include access to a private driveway with parking for up to six vehicles. Newer HVAC equipment serves each unit, with the first-floor system less than four years old and the second-floor system less than one year old.
Gas, electric, and water are separately metered, with tenants responsible for their own utility usage. The property is located at 913 Chestnut Street in Collingdale, Pennsylvania, and provides a two-unit configuration with established occupancy and dedicated off-street parking.
Gas, electric, and water are separately metered, with tenants responsible for their own utility usage. The property is located at 913 Chestnut Street in Collingdale, Pennsylvania, and provides a two-unit configuration with established occupancy and dedicated off-street parking.
Key Highlights
- Two‑unit duplex at 913 Chestnut Street, Collingdale, PA 19023
- Approximately 1,100 square feet per unit with 2 bedrooms and 1 full bath
- Private driveway with parking for up to six cars
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
$23,018
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
6.14%
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%
$460,360
$460.4K
Cap Rate 7%
$328,829
$328.8K
Cap Rate 9%
$255,756
$255.8K
Market Conditions
NOI Build-Up for 2,100 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
$37.8K $18.00/SF
− Vacancy
−$4.9K −$2.34/SF
EGI
$32.9K $15.66/SF
− OpEx
−$9.9K −$4.70/SF
NOI
$23.0K $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%
$460,360
Cap Rate 7%
$328,829
Cap Rate 9%
$255,756
Alternative Uses
Best Use
Multifamily LT 5
$328.8K
$287.7K – $383.6K
NOI $23,018 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$300.7K
$263.2K – $350.9K
NOI $21,052 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$636.7K
$557.1K – $742.8K
NOI $44,569 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
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 - Rented duplex with separately metered utilities, private parking, and updated HVAC systems.
Where is this duplex located?
The property is located at 913 CHESTNUT STREET Collingdale, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex at 913 Chestnut Street, Collingdale, PA 19023; Approximately 1,100 square feet per unit with 2 bedrooms and 1 full bath; Private driveway with parking for up to six cars
