Renovated Two-Unit
For Sale
$300,000
13 MILL STREET, Darby, PA 19023
Two separately configured apartments offer a two-bedroom layout, with two bathrooms downstairs and one upstairs.
Property Size1,665 SF
Days on Market17
Property Features for 13 MILL STREET
General Information
Standard status
Active
Size
1,665 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,224
Building Details
Building Size
1,665 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Eileen Gray · License #RS227918L
(215) 603-8484
Source:
Patmckennarealtors
Added: Oct 20
Changed: Oct 31
Last Checked: Nov 4 at 8:41PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This renovated duplex contains 1,665 square feet across two apartments. The first-floor unit has two bedrooms and two bathrooms, while the upstairs unit has two bedrooms and one bathroom. Residents enter through a shared vestibule before accessing the lower apartment; the second unit is reached by stairs.
Built in 1900, the property is in Darby, Pennsylvania, and is described as convenient to shopping, dining, and public transportation.
Built in 1900, the property is in Darby, Pennsylvania, and is described as convenient to shopping, dining, and public transportation.
Key Highlights
- Two‑unit duplex with 1,665 square feet
- First‑floor apartment has two bedrooms and two bathrooms
- Upstairs apartment includes two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,250
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,000
$365.0K
Cap Rate 7%
$260,714
$260.7K
Cap Rate 9%
$202,778
$202.8K
Market Conditions
NOI Build-Up for 1,665 SF
Gross rent
$30.0K $18.00/SF
− Vacancy
−$3.9K −$2.34/SF
EGI
$26.1K $15.66/SF
− OpEx
−$7.8K −$4.70/SF
NOI
$18.2K $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%
$365,000
Cap Rate 7%
$260,714
Cap Rate 9%
$202,778
Alternative Uses
Best Use
Multifamily LT 5
$260.7K
$228.1K – $304.2K
NOI $18,250 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$238.4K
$208.6K – $278.2K
NOI $16,691 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$504.8K
$441.7K – $589.0K
NOI $35,337 @ 7.0% cap · market cap 11.78%
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
987
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured apartments offer a two-bedroom layout, with two bathrooms downstairs and one upstairs.
Where is this duplex located?
The property is located at 13 MILL STREET Darby, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,665 square feet; First‑floor apartment has two bedrooms and two bathrooms; Upstairs apartment includes two bedrooms and one bathroom
