Renovated Two-Unit
For Sale
$225,000
111 S 5TH STREET, Darby, PA 19023
Updated electrical systems, roof liner, finishes, lighting, kitchens, and bathrooms provide refreshed residential space.
Property Size1,264 SF
Days on Market11
Property Features for 111 S 5TH STREET
General Information
Standard status
Active
Size
1,264 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,515
Building Details
Building Size
1,264 SF
Year Built
1900
Year Renovated
2026
Listing Agency:
CG Realty, LLC
Listed By:
Stephen Delozier · License #RS351783
(304) 914-0021
Source:
Patmckennarealtors
Added: Aug 24
Changed: Sep 2
Last Checked: Sep 2 at 9:19PM
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 CG Realty, LLC
Investment Insights
Based on property information with market context.
This two-unit duplex at 111 S 5th Street in Darby was renovated in 2026. Improvements include updated electric, a roof liner, fresh paint, new lighting, refreshed flooring, and work to the kitchens and bathrooms. The property was built in 1900 and offers a two-unit residential configuration suited to rental occupancy or owner-occupancy with a second unit producing income.
The layout provides flexibility for operating both units as rentals or living in one while renting the other. The source information also reports projected rents for each unit and a DSCR above 1.0, but no monetary figures are included here.
The layout provides flexibility for operating both units as rentals or living in one while renting the other. The source information also reports projected rents for each unit and a DSCR above 1.0, but no monetary figures are included here.
Key Highlights
- Two‑unit duplex at 111 S 5th Street, Darby, PA 19023
- Renovated in 2026
- Updated electric and roof liner
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
$13,854
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
6.16%
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%
$277,080
$277.1K
Cap Rate 7%
$197,914
$197.9K
Cap Rate 9%
$153,933
$153.9K
Market Conditions
NOI Build-Up for 1,264 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
$22.8K $18.00/SF
− Vacancy
−$3.0K −$2.34/SF
EGI
$19.8K $15.66/SF
− OpEx
−$5.9K −$4.70/SF
NOI
$13.9K $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%
$277,080
Cap Rate 7%
$197,914
Cap Rate 9%
$153,933
Alternative Uses
Best Use
Multifamily LT 5
$197.9K
$173.2K – $230.9K
NOI $13,854 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$181.0K
$158.4K – $211.2K
NOI $12,671 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$383.2K
$335.3K – $447.1K
NOI $26,826 @ 7.0% cap · market cap 11.92%
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
902
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 - Updated electrical systems, roof liner, finishes, lighting, kitchens, and bathrooms provide refreshed residential space.
Where is this duplex located?
The property is located at 111 S 5TH STREET Darby, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex at 111 S 5th Street, Darby, PA 19023; Renovated in 2026; Updated electric and roof liner
