Two-Unit Brick
For Sale
$329,900
932 TOWNSHIP LINE Road, Elkins Park, PA 19027
Multi-Family, ELKINS PARK, PA
Property Size1,544 SF
Lot Size0.06 Acres
Price / SF$213.67
Days on Market147
Property Features for 932 TOWNSHIP LINE Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
ABINGTON
Middle school district
ABINGTON
High school district
ABINGTON
Standard status
Active
Size
1,544 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5122
Utilities
Heating system
Central
Building Details
Year built
1905
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Real Estate Tri-County · Keller Williams Realty
(215) 464-8800
Listed By:
Eric Lerman · License #RS339653
(267) 205-2526
Added: May 4
Changed: Aug 30
Last Checked: Sep 27 at 2:06PM
MLS# PAMC2178112
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.
Built in 1905, this brick duplex contains 1,544 square feet across two residential units. Each unit includes two bedrooms, one full bathroom, living space, and a kitchen, creating a straightforward two-unit configuration. Central heating serves the property, while on-street parking supports resident access. The lot measures 0.0588 acres and includes a private backyard suitable for outdoor use.
The property is located in Elkins Park, Montgomery County, near food, coffee, ice cream, supermarkets, shopping centers, restaurants, and public transportation. It is also within the Abington School District. The layout may suit an owner-occupant seeking separate residential space or an investor evaluating a duplex configuration.
The property is located in Elkins Park, Montgomery County, near food, coffee, ice cream, supermarkets, shopping centers, restaurants, and public transportation. It is also within the Abington School District. The layout may suit an owner-occupant seeking separate residential space or an investor evaluating a duplex configuration.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bath
- 1,544 square feet on a 0.0588‑acre lot
- Brick construction dating to 1905
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
$22,434
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
6.80%
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%
$448,680
$448.7K
Cap Rate 7%
$320,486
$320.5K
Cap Rate 9%
$249,267
$249.3K
Market Conditions
NOI Build-Up for 1,544 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
$34.3K $22.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$32.0K $20.76/SF
− OpEx
−$9.6K −$6.23/SF
NOI
$22.4K $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%
$448,680
Cap Rate 7%
$320,486
Cap Rate 9%
$249,267
Alternative Uses
Best Use
Multifamily LT 5
$320.5K
$280.4K – $373.9K
NOI $22,434 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,860 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$888.1K
$777.1K – $1.04M
NOI $62,169 @ 7.0% cap · market cap 18.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
657
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine practical layouts with a private backyard and access to nearby daily conveniences.
Where is this duplex located?
The property is located at 932 TOWNSHIP LINE Road Elkins Park, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bath; 1,544 square feet on a 0.0588‑acre lot; Brick construction dating to 1905
