Building Details

Year Built 1980

Listing Agency: Springer Realty Group

Listed By: Kelly Stipa · License #3145008 Show Phone

Source: Rossrem

Added: Oct 1 Last Checked: Oct 7 at 9:00AM

Report an Issue

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 Springer Realty Group

Investment Insights

Based on property information with market context.

Built in 1980, this 1,904-square-foot duplex contains two apartments, each with two bedrooms and one full bathroom. A shared foyer leads to separate unit entrances. Both residences have open living and dining areas, kitchens with newer cabinetry, and gas heat, with space for window air-conditioning units.

A driveway extends from the front of the property to the rear, where it provides 3–4 additional parking spaces. The basement includes storage, two washer-and-dryer sets for tenant use, and an exterior rear entrance. Tenants pay their own water, electricity, and cable or Wi-Fi service.

Key Highlights

• Two apartments, each configured with 2 bedrooms and 1 full bathroom
• 1,904 square feet; built in 1980
• Shared foyer with separate entrances to the apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,869

Cap Rate

5.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$417,380 $417.4K

Cap Rate 7%

$298,129 $298.1K

Cap Rate 9%

$231,878 $231.9K

Market Conditions

NOI Build-Up for 1,904 SF

Gross rent

$34.3K $18.00/SF

− Vacancy

−$4.5K −$2.34/SF

EGI

$29.8K $15.66/SF

− OpEx

−$8.9K −$4.70/SF

NOI

$20.9K $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 Rate 5%

$417,380

Cap Rate 7%

$298,129

Cap Rate 9%

$231,878

Alternative Uses

Best Use

Multifamily LT 5

$298.1K

$260.9K – $347.8K (±1% cap)

NOI $20,869 @ 7.0% cap · market cap 5.49%

Second Best

Apartment 5plus

$272.7K

$238.6K – $318.1K (±1% cap)

NOI $19,087 @ 7.0% cap · market cap 5.02%

Theoretical Best

Office A

$577.3K

$505.1K – $673.5K (±1% cap)

NOI $40,409 @ 7.0% cap · market cap 10.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Spa & Massage Center Building Supply Auto Parts Store

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

464

Businesses Nearby

Explore this area Business Placement

Demographics for 19015, PA

16,260

Population

7,160

Households

2.3

Avg Household Size

39

Median Age

29%

College-Educated

94%

High-School Grad

2.9 sq mi

ZIP Area

5,607

Density / Sq Mi

$84,783

Median Household Income

$49,480

Median Earnings

$1,170

Median Rent

$232,800

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

2-Unit Duplex with Basement Storage

137 MEADOWBROOK Lane, Brookhaven, PA 19015

$379,900

1,904 SF

View details

Two-Office Commercial Unit

3211 Edgmont Ave, Brookhaven, PA 19015

$300,000

1,300 SF

View details

Four-Unit Brick Quadplex

2626-32 PARKSIDE Terrace, Brookhaven, PA 19015

$650,000

3,360 SF

View details

Retail Space on Edgemont Avenue

Edgemont Avenue & Whiteley Road, Brookhaven, PA 19015

Contact for pricing

1,440 SF

View details

Two-Bedroom Residential Income Property

734 CREEKSIDE DR, Brookhaven, PA 19015

$309,500

View details

Frequently Asked Questions

What type of property is this?

Duplex - Separate apartment entrances, basement laundry, and off-street parking serve both residences.

Where is this duplex located?

The property is located at 135 Meadowbrook Lane Brookhaven, PA.

What is the asking price?

The asking price for this property is $379,900.

What are key features of this property?

This property features: Two apartments, each configured with 2 bedrooms and 1 full bathroom; 1,904 square feet; built in 1980; Shared foyer with separate entrances to the apartments