Mixed-Use Storefront with
For Sale
$319,000
151 LONG LN, Upper Darby, PA 19082
UPPER DARBY, PA
Property Size2,300 SF
Lot Size0.06 Acres
Price / SF$138.70
Days on Market132
Property Features for 151 LONG LN
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Lot size
0.06 Acres
Amenities
walk-out basement with laundry
attached garage
Building Details
Year built
1955
Listing Agency:
Media
(610) 892-8300
Listed By:
Janeen C Connell · License #RS303108
Added: Apr 20
Changed: Aug 23
Last Checked: Aug 29 at 4:06AM
MLS# PADE2113184
Copyright © 2026 Long & Foster Real Estate. 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.
Built in 1955, this mixed-use property combines an approximately 1,100-square-foot storefront with an approximately 1,100-square-foot renovated three-bedroom apartment. The commercial portion was previously operated as a hair salon, while the residential unit was also owner occupied. A walk-out basement provides laundry facilities, and the attached garage adds storage along with two private rear parking spaces. The apartment includes replaced bedroom walls and flooring, a newer ceramic bathroom, and fresh interior paint. Roofs have been recoated, and the building includes two newer boiler systems.
The property is positioned near the 69th Street Transportation Center, which serves buses, trains, and trolleys connecting the suburbs with Center City Philadelphia. It is also within the 69th Street shopping district, with street and metered parking available nearby. The approximately 0.06-acre property is zoned commercial and offers separate storefront and residential components within one building.
The property is positioned near the 69th Street Transportation Center, which serves buses, trains, and trolleys connecting the suburbs with Center City Philadelphia. It is also within the 69th Street shopping district, with street and metered parking available nearby. The approximately 0.06-acre property is zoned commercial and offers separate storefront and residential components within one building.
Key Highlights
- Approximately 2,300 SF total, including an approximately 1,100 SF storefront and 1,100 SF apartment
- Renovated 3‑bedroom apartment with updated flooring, bedroom walls, ceramic bathroom, and fresh paint
- Commercially zoned mixed‑use building near the 69th Street Transportation Center
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
$23,057
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
7.23%
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%
$461,140
$461.1K
Cap Rate 7%
$329,386
$329.4K
Cap Rate 9%
$256,189
$256.2K
Market Conditions
NOI Build-Up for 2,300 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
$48.6K $21.12/SF
− Vacancy
−$6.7K −$2.89/SF
EGI
$41.9K $18.23/SF
− OpEx
−$18.9K −$8.20/SF
NOI
$23.1K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
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%
$461,140
Cap Rate 7%
$329,386
Cap Rate 9%
$256,189
Alternative Uses
Best Use
Apartment 5plus
$329.4K
$288.2K – $384.3K
NOI $23,057 @ 7.0% cap · market cap 7.23%
Second Best
Mixed Use
$325.3K
$284.6K – $379.5K
NOI $22,770 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$697.3K
$610.2K – $813.6K
NOI $48,814 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,898
Businesses Nearby
Explore this area
Business Placement
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial storefront paired with a renovated three-bedroom apartment and walk-out basement.
Where is this mixed-use property located?
The property is located at 151 LONG LN Upper Darby, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Approximately 2,300 SF total, including an approximately 1,100 SF storefront and 1,100 SF apartment; Renovated 3‑bedroom apartment with updated flooring, bedroom walls, ceramic bathroom, and fresh paint; Commercially zoned mixed‑use building near the 69th Street Transportation Center
