Duplex with Separate
For Sale
$180,000
Pending
205 MARSHALL AVENUE, Darby, PA 19023
Two separately metered residences offer distinct layouts, private access, off-street parking, and a full basement.
Property Size1,510 SF
Days on Market172
Property Features for 205 MARSHALL AVENUE
General Information
Standard status
Pending
Size
1,510 SF
Property subtype
Residential Income
Zoning
R-20
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,113
Amenities
Natural Gas, Radiant
Gas Water Heater
On Street, Driveway
Other
Building Details
Building Size
1,510 SF
Year Built
1923
Buildings
1
Listing Agency:
Samson Properties
(267) 809-1978
Listed By:
Otis Jackson
(267) 809-1978
Source:
Evrealestate
Added: Mar 13
Changed: Aug 29
Last Checked: Aug 30 at 1:38PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This duplex contains two independent residences within a 1,510-square-foot property. The lower-level apartment has one bedroom and one full bathroom, while the upper residence occupies the second and third floors with two bedrooms, one full bathroom, and a spacious living room. Each unit has its own entrance, and the apartments are separately metered. Tenants pay all utilities other than water.
The property includes a full basement, natural-gas heating, public water and sewer, and off-street parking. It was built in 1923 and is zoned R-20. The asset is offered in its current condition, providing a two-unit residential configuration for an owner-occupant or rental operator.
The property includes a full basement, natural-gas heating, public water and sewer, and off-street parking. It was built in 1923 and is zoned R-20. The asset is offered in its current condition, providing a two-unit residential configuration for an owner-occupant or rental operator.
Key Highlights
- Two‑unit duplex with 1,510 square feet of total property size
- First‑floor unit includes 1 bedroom and 1 full bathroom
- Upper unit spans the second and third floors with 2 bedrooms and 1 full bathroom
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
$16,551
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
9.20%
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%
$331,020
$331.0K
Cap Rate 7%
$236,443
$236.4K
Cap Rate 9%
$183,900
$183.9K
Market Conditions
NOI Build-Up for 1,510 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
$27.2K $18.00/SF
− Vacancy
−$3.5K −$2.34/SF
EGI
$23.6K $15.66/SF
− OpEx
−$7.1K −$4.70/SF
NOI
$16.6K $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 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%
$331,020
Cap Rate 7%
$236,443
Cap Rate 9%
$183,900
Alternative Uses
Best Use
Multifamily LT 5
$236.4K
$206.9K – $275.9K
NOI $16,551 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.3K
NOI $15,137 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$457.8K
$400.6K – $534.1K
NOI $32,047 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
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
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?
Duplex - Two separately metered residences offer distinct layouts, private access, off-street parking, and a full basement.
Where is this duplex located?
The property is located at 205 MARSHALL AVENUE Darby, PA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,510 square feet of total property size; First‑floor unit includes 1 bedroom and 1 full bathroom; Upper unit spans the second and third floors with 2 bedrooms and 1 full bathroom
