Updated Two-Unit
122 E BERKLEY AVENUE, Clifton Heights, PA 19018
For Sale
$285,000
Pending
Two separate units with individual utilities, private access points, and shared outdoor space.
Property Size1,600 SF
Days on Market54
Property Features for 122 E BERKLEY AVENUE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Listing Agency:
RE/MAX Preferred - Newtown Square
(610) 325-4100
Listed By:
Mary G Ricciardi · License PA RS271222
(610) 324-1038
Source:
Cummingsrealtors
Added: Sep 18
Changed: Nov 9
Last Checked: Nov 8 at 7:03AM
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 RE/MAX Preferred - Newtown Square
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Investment Insights
Based on property information with market context.
This duplex contains two distinct units arranged around a common foyer. The first-floor Unit A offers 1 bedroom and 1 bath, a kitchen updated in 2020, a bathroom completed in 2024, washer/dryer hookups, and access toward the rear yard. Unit B occupies the second and third floors with 2 bedrooms and 1 bath, an upgraded kitchen, a new refrigerator, and newer stainless steel appliances. The unfinished basement provides storage, exterior access, interior access from the first floor, and separate utilities for both units.
Property improvements include a roof replacement in 2018, basement electrical work completed in 2025, sewer pipe replacement in 2026, storm-door replacements, most windows replaced in 2024, and hot water heaters installed in 2020 and 2024. Heaters date to 2004 and 2017, and new carpet was installed in 2026. The property also features a front porch, a rear landing, and a large backyard. SEPTA trolley and bus service is located at the end of the street.
Property improvements include a roof replacement in 2018, basement electrical work completed in 2025, sewer pipe replacement in 2026, storm-door replacements, most windows replaced in 2024, and hot water heaters installed in 2020 and 2024. Heaters date to 2004 and 2017, and new carpet was installed in 2026. The property also features a front porch, a rear landing, and a large backyard. SEPTA trolley and bus service is located at the end of the street.
Key Highlights
- Two‑unit duplex with a 1‑bedroom and 2‑bedroom layout
- Unit A kitchen updated in 2020 and bathroom completed in 2024
- Unit B spans the second and third floors and includes upgraded kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,537
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,740
$350.7K
Cap Rate 7%
$250,529
$250.5K
Cap Rate 9%
$194,856
$194.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$28.8K $18.00/SF
− Vacancy
−$3.7K −$2.34/SF
EGI
$25.1K $15.66/SF
− OpEx
−$7.5K −$4.70/SF
NOI
$17.5K $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%
$350,740
Cap Rate 7%
$250,529
Cap Rate 9%
$194,856
Alternative Uses
Best Use
Multifamily LT 5
$250.5K
$219.2K – $292.3K
NOI $17,537 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,039 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$548.4K
$479.9K – $639.8K
NOI $38,388 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Delaware County, PA
Properties on Market for Duplexes in Delaware County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units with individual utilities, private access points, and shared outdoor space.
Where is this duplex located?
The property is located at 122 E BERKLEY AVENUE Clifton Heights, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with a 1‑bedroom and 2‑bedroom layout; Unit A kitchen updated in 2020 and bathroom completed in 2024; Unit B spans the second and third floors and includes upgraded kitchen appliances
