Building Details

Year Built 1930

Listing Agency: KW Empower j***@blacklabelkw.com Show Phone

Listed By: Jason M Gizzi · License #RS316604 Show Phone

Source: Compass

Added: May 8 Changed: Aug 31 Last Checked: Aug 30 at 11:56PM

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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 KW Empower

Investment Insights

Based on property information with market context.

Built in 1930, this duplex contains two separate residential units. The first-floor apartment has one bedroom and one bathroom, while the second-floor apartment provides two bedrooms and one bathroom. The upper unit is currently tenant occupied.

The property includes two garage bays and parking for more than 12 vehicles. It is located in Crum Lynne within Eddystone Borough and carries R-20 TWO FAMILY zoning. The recorded school district is Ridley, with the property situated in Delaware County.

Key Highlights

• Two‑unit duplex with a 1 bed/1 bath first‑floor apartment and a 2 bed/1 bath second‑floor apartment
• Second‑floor unit is tenant occupied
• Two garage bays included

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

$15,268

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

6.64%

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%

$305,360 $305.4K

Cap Rate 7%

$218,114 $218.1K

Cap Rate 9%

$169,644 $169.6K

Market Conditions

NOI Build-Up for 1,393 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

$25.1K $18.00/SF

− Vacancy

−$3.3K −$2.34/SF

EGI

$21.8K $15.66/SF

− OpEx

−$6.5K −$4.70/SF

NOI

$15.3K $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%

$305,360

Cap Rate 7%

$218,114

Cap Rate 9%

$169,644

Alternative Uses

Best Use

Multifamily LT 5

$218.1K

$190.9K – $254.5K (±1% cap)

NOI $15,268 @ 7.0% cap · market cap 6.64%

Second Best

Apartment 5plus

$199.5K

$174.6K – $232.7K (±1% cap)

NOI $13,964 @ 7.0% cap · market cap 6.07%

Theoretical Best

Office A

$422.3K

$369.6K – $492.7K (±1% cap)

NOI $29,564 @ 7.0% cap · market cap 12.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

556

Businesses Nearby

Explore this area Business Placement

Demographics for 19022, PA

3,797

Population

1,796

Households

2.1

Avg Household Size

36

Median Age

15%

College-Educated

82%

High-School Grad

1.3 sq mi

ZIP Area

2,921

Density / Sq Mi

$45,372

Median Household Income

$45,185

Median Earnings

$1,112

Median Rent

$124,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Duplex with separate residential layouts, garage capacity, and substantial on-site parking.

Where is this duplex located?

The property is located at 1245 Eleventh Street Crum Lynne, PA.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Two‑unit duplex with a 1 bed/1 bath first‑floor apartment and a 2 bed/1 bath second‑floor apartment; Second‑floor unit is tenant occupied; Two garage bays included