Renovated Duplex with Updated
For Sale
$250,000
Pending
109 N 2ND STREET, Darby, PA 19023
Two updated residential units with recent roof and major mechanical replacements in a Darby location near transit and daily conveniences.
Property Size2,032 SF
Days on Market53
Property Features for 109 N 2ND STREET
General Information
Standard status
Pending
Size
2,032 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,940
Building Details
Building Size
2,032 SF
Year Built
1920
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Robert Needs · License #RS368659
(302) 893-2900
Source:
Patmckennarealtors
Added: Sep 2
Changed: Oct 21
Last Checked: Oct 23 at 3:31PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 2,032-square-foot duplex in Darby was built in 1920 and has undergone a complete renovation with updated interiors throughout. The roof and major mechanical systems were replaced within the past three years, providing documented recent capital improvements to the property. The two-unit configuration supports residential rental use and offers an owner-occupant the option to live in one unit while leasing the other.
The property is located near public transportation, shopping, dining, major roadways, and Philadelphia. Its updated condition and recent systems work provide a practical foundation for continued residential occupancy without the scope of a major renovation project.
The property is located near public transportation, shopping, dining, major roadways, and Philadelphia. Its updated condition and recent systems work provide a practical foundation for continued residential occupancy without the scope of a major renovation project.
Key Highlights
- 2,032‑square‑foot duplex in Darby
- Completely renovated with updated interiors throughout
- Roof and major mechanical systems replaced within the past three years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,272
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,440
$445.4K
Cap Rate 7%
$318,171
$318.2K
Cap Rate 9%
$247,467
$247.5K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$36.6K $18.00/SF
− Vacancy
−$4.8K −$2.34/SF
EGI
$31.8K $15.66/SF
− OpEx
−$9.5K −$4.70/SF
NOI
$22.3K $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 Rate 5%
$445,440
Cap Rate 7%
$318,171
Cap Rate 9%
$247,467
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.2K
NOI $22,272 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$291.0K
$254.6K – $339.5K
NOI $20,370 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$616.1K
$539.1K – $718.8K
NOI $43,126 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units with recent roof and major mechanical replacements in a Darby location near transit and daily conveniences.
Where is this duplex located?
The property is located at 109 N 2ND STREET Darby, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,032‑square‑foot duplex in Darby; Completely renovated with updated interiors throughout; Roof and major mechanical systems replaced within the past three years
