Renovated Duplex with Updated
New
For Sale
$250,000
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 Market7
Property Features for 109 N 2ND STREET
General Information
Standard status
Active
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: Sep 4
Last Checked: Sep 7 at 6:31AM
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.
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 = 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
$22,272
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
8.91%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
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 - 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
