I rent a flat, where the kitchens are too small for washing machines. Our landlord has several in the basement.
None of the machines are brand new, but there's one probably 10 years old (an old workhorse) and the rest are probably about 5 years old. All of them on a regular cycle take just under 2 hours for a 40 degree wash.
As for the dryers you guys have mentioned, are they condenser dryers? We have a standard tumble dryer (it is a year old) and a load with a pair or two of jeans, a towel, assorted other bits, etc. takes about an hour to dry completely.