Turnkey Duplex with Private
For Sale
$349,000
932 TOWNSHIP LINE Road, Elkins Park, PA 19027
MULTI_FAMILY - Other - ELKINS PARK, PA
Property Size1,544 SF
Lot Size0.06 Acres
Price / SF$226.04
Days on Market102
Property Features for 932 TOWNSHIP LINE Road
General Information
Property type
Residential Multi Family
Property subtype
Other
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: Jun 25
Last Checked: Aug 13 at 10:06AM
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.
This duplex features two residential units, each with two bedrooms and one full bath. The property is described as well maintained, and the seller notes that with some fresh interior updates such as paint and new carpet, it may be ready for immediate occupancy. Both units are laid out for everyday living, with bright living spaces and functional kitchens.
Located at 932 Township Line Road in Elkins Park, Pennsylvania, the home sits on a lot of 0.0588 acres and totals 1,544 square feet. Public remarks emphasize neighborhood walkability and convenience to area amenities, plus access to public transportation options. The property is also identified as being within the Abington School District.
For tenants, buyers, or operators, the two-unit configuration supports flexible occupancy, whether you want to live in one side and rent the other or purchase as an income-producing duplex. The private backyard adds valuable outdoor space for day-to-day use and casual entertaining, complementing the practical in-unit layouts. Offered for sale, this property presents a straightforward duplex option with update potential and a functional residential footprint.
Located at 932 Township Line Road in Elkins Park, Pennsylvania, the home sits on a lot of 0.0588 acres and totals 1,544 square feet. Public remarks emphasize neighborhood walkability and convenience to area amenities, plus access to public transportation options. The property is also identified as being within the Abington School District.
For tenants, buyers, or operators, the two-unit configuration supports flexible occupancy, whether you want to live in one side and rent the other or purchase as an income-producing duplex. The private backyard adds valuable outdoor space for day-to-day use and casual entertaining, complementing the practical in-unit layouts. Offered for sale, this property presents a straightforward duplex option with update potential and a functional residential footprint.
Key Highlights
- Unbeatable location: Steps from local amenities and minutes from supermarkets, shopping, restaurants, and public transportation.
- Excellent investment opportunity: Ideal for owner‑occupants seeking rental income or investors desiring a reliable, income‑producing property.
- Located within the highly sought‑after Abington School District.
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
6.43%
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 6.43%
Second Best
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,860 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$888.1K
$777.1K – $1.04M
NOI $62,169 @ 7.0% cap · market cap 17.81%
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
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
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 - Duplex offers two 2-bedroom, 1-bath units and a private backyard for convenient, flexible residential income.
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 $349,000.
What are key features of this property?
This property features: Unbeatable location: Steps from local amenities and minutes from supermarkets, shopping, restaurants, and public transportation.; Excellent investment opportunity: Ideal for owner‑occupants seeking rental income or investors desiring a reliable, income‑producing property.; Located within the highly sought‑after Abington School District.
