Brick Duplex with Two
New
For Sale
$285,000
122 E BERKLEY Avenue, Clifton Heights, PA 19018
Multi-Family, CLIFTON HEIGHTS, PA
Property Size1,600 SF
Lot Size0.07 Acres
Price / SF$178.13
Days on Market5
Property Features for 122 E BERKLEY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Bathroom - Tub Shower, Carpet, Ceiling Fan(s)
Appliances
Dishwasher, Oven - Self Cleaning, Refrigerator, Stainless Steel Appliances, Stove
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Size
1,600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4966
Utilities
Heating system
Forced Air
Building Details
Year built
1924
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Preferred - Newtown Square · RE/MAX International
(610) 325-4100
Listed By:
Mary G Ricciardi · License #RS271222
(610) 324-1038
Added: Sep 18
Last Checked: Sep 22 at 12:06AM
MLS# PADE2124214
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,600-square-foot brick duplex includes two separate residences within a 1924-built property. The first-floor Unit A offers 1 bedroom and 1 bathroom, a kitchen installed in 2020, a bathroom updated in 2024, washer/dryer hookups, and access to a rear landing and shared backyard. Unit B occupies the second and third floors and provides 2 bedrooms, 1 bathroom, an upgraded kitchen, a new refrigerator, and newer stainless steel appliances. A common foyer connects the units.
The unfinished basement provides storage and has both interior and exterior access. Separate utilities serve each residence. Recent property work includes electrical updates completed in 2025, a 2018 roof replacement, hot water heaters installed in 2020 and 2024, heaters dating to 2004 and 2017, sewer pipe replacement in 2026, and replacement of most windows in 2024. The 0.07-acre property also includes a front porch, large backyard, and on-street parking. SEPTA trolley and bus service are located at the end of the street.
The unfinished basement provides storage and has both interior and exterior access. Separate utilities serve each residence. Recent property work includes electrical updates completed in 2025, a 2018 roof replacement, hot water heaters installed in 2020 and 2024, heaters dating to 2004 and 2017, sewer pipe replacement in 2026, and replacement of most windows in 2024. The 0.07-acre property also includes a front porch, large backyard, and on-street parking. SEPTA trolley and bus service are located at the end of the street.
Key Highlights
- 1,600‑square‑foot duplex with 2 units
- Unit A: 1 bedroom, 1 bathroom, 2020 kitchen, 2024 bathroom, and washer/dryer hookups
- Unit B spans the second and third floors with 2 bedrooms and 1 bathroom
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
$17,537
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
6.15%
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%
$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
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
$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 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%
$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
$485.1K
$424.5K – $566.0K
NOI $33,957 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens, separate utilities, and basement storage support flexible occupancy.
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: 1,600‑square‑foot duplex with 2 units; Unit A: 1 bedroom, 1 bathroom, 2020 kitchen, 2024 bathroom, and washer/dryer hookups; Unit B spans the second and third floors with 2 bedrooms and 1 bathroom
