Two-Unit
New
For Sale
$379,900
137 Meadowbrook Lane, Brookhaven, PA 19015
Each apartment has two bedrooms, one full bath, and a separate kitchen and living area.
Property Size1,904 SF
Price / SF$199.53
Days on Market7
Property Features for 137 Meadowbrook Lane
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Asking Price
$379,000
Gross Income
$34,800
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer sets
basement storage
Building Details
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
Springer Realty Group
Listed By:
Kelly Stipa · License #3145008
(267) 249-9000
Source:
Rossrem
Added: Oct 1
Last Checked: Oct 7 at 9:08AM
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.
This 1,904-square-foot duplex at 137 Meadowbrook Lane contains two apartments, each configured with two bedrooms and one full bathroom. A common secured foyer leads to the separate units, which have open living and dining areas, kitchens with newer cabinetry, and bedroom closets. Gas heat serves both apartments, with space for window air-conditioning units.
A driveway extends from the front to the rear of the property, where it provides 3–4 additional parking spaces. The basement offers storage, two tenant-use washer and dryer sets, and an exterior rear entrance.
A driveway extends from the front to the rear of the property, where it provides 3–4 additional parking spaces. The basement offers storage, two tenant-use washer and dryer sets, and an exterior rear entrance.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 1,904 square feet
- Shared secured foyer with separate access to each unit
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
NOI $20,869 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,087 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,409 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
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
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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 - Each apartment has two bedrooms, one full bath, and a separate kitchen and living area.
Where is this duplex located?
The property is located at 137 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 with 2 bedrooms and 1 full bathroom; 1,904 square feet; Shared secured foyer with separate access to each unit
