Duplex with Nine
For Sale
$329,900
202 GREENWAY AVENUE, Darby, PA 19023
Two occupied apartments are complemented by garage space, additional lots, and a full unfinished basement.
Property Size1,328 SF
Price / SF$248.42
Days on Market51
Property Features for 202 GREENWAY AVENUE
General Information
Standard status
Active
Size
1,328 SF
Property subtype
Duplex
Building Details
Year Built
1920
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Terrance E Lee · License #RS294824
(215) 416-1176
Source:
Cummingsrealtors
Added: Aug 29
Changed: Oct 16
Last Checked: Oct 16 at 9:25AM
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 RE/MAX Access
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Investment Insights
Based on property information with market context.
Built in 1920, this 1,328 SF duplex contains two occupied one-bedroom apartments. Each unit includes a living area, an equipped kitchen with cabinet and counter space, a bedroom with closet storage, and a full bathroom with a shower/tub combination. One apartment also provides access to the full unfinished basement, which offers storage area.
The property includes nine garages, six of which are currently rented. Two additional vacant lots are included behind the three-car garage on the main property and carry a separate 3rd Street address. Approximate dimensions are 51' x 126' for the primary lot, 54' x 23' for Lot 1, and 36' x 18' for Lot 2. Potential uses for the additional lots, including parking or a new garage, are subject to zoning, approvals, and verification with Darby Borough.
The property is located near schools, shopping, public transportation, and other local amenities.
The property includes nine garages, six of which are currently rented. Two additional vacant lots are included behind the three-car garage on the main property and carry a separate 3rd Street address. Approximate dimensions are 51' x 126' for the primary lot, 54' x 23' for Lot 1, and 36' x 18' for Lot 2. Potential uses for the additional lots, including parking or a new garage, are subject to zoning, approvals, and verification with Darby Borough.
The property is located near schools, shopping, public transportation, and other local amenities.
Key Highlights
- 1,328 SF duplex built in 1920
- Two occupied one‑bedroom apartments
- Nine garages, with six currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,556
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,120
$291.1K
Cap Rate 7%
$207,943
$207.9K
Cap Rate 9%
$161,733
$161.7K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$23.9K $18.00/SF
− Vacancy
−$3.1K −$2.34/SF
EGI
$20.8K $15.66/SF
− OpEx
−$6.2K −$4.70/SF
NOI
$14.6K $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%
$291,120
Cap Rate 7%
$207,943
Cap Rate 9%
$161,733
Alternative Uses
Best Use
Multifamily LT 5
$207.9K
$182.0K – $242.6K
NOI $14,556 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$190.2K
$166.4K – $221.9K
NOI $13,313 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$402.6K
$352.3K – $469.8K
NOI $28,185 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
878
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 occupied apartments are complemented by garage space, additional lots, and a full unfinished basement.
Where is this duplex located?
The property is located at 202 GREENWAY AVENUE Darby, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,328 SF duplex built in 1920; Two occupied one‑bedroom apartments; Nine garages, with six currently rented
