Updated Duplex with Off-Street
For Sale
$375,000
208 Main Street, Darby, PA 19023
Two residential units offer updated kitchens, flexible bedroom layouts, and separately metered gas and electric service.
Property Size2,394 SF
Price / SF$156.64
Days on Market206
Property Features for 208 Main Street
General Information
Standard status
Active
Size
2,394 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
R-20 TWO FAMILY
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,381
Amenities
No
https://listings.nextdoorphotos.com/mls/230908091
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Real Estate-Blue Bell
(610) 952-3211
Listed By:
Stephanie Parker · License #AB069394
(610) 952-3211
Source:
Compass
Added: Feb 5
Changed: Aug 29
Last Checked: Aug 29 at 10:37PM
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 Keller Williams Real Estate-Blue Bell
Investment Insights
Based on property information with market context.
This 2,394-square-foot duplex includes two residential units with distinct layouts and updated interior finishes. The first-floor unit has two bedrooms, a family room, a renovated kitchen with new cabinetry, granite countertops, tile backsplash, undermount sink, and tiled flooring, plus an updated full bathroom. The upper unit provides three bedrooms, one full bathroom, an open kitchen and family room arrangement, cherry cabinetry, granite countertops, stainless steel appliances, tile backsplash, and newer flooring. One bedroom is located on the main level, with two additional bedrooms upstairs.
A shared off-street parking area serves the property. Each unit has separate heating, gas, and hot water, along with individual gas and electric meters; the building has one water meter. The property is zoned R-20 TWO FAMILY and was built in 1900. The lower unit is currently occupied on a month-to-month basis, while the upper unit is owner occupied.
A shared off-street parking area serves the property. Each unit has separate heating, gas, and hot water, along with individual gas and electric meters; the building has one water meter. The property is zoned R-20 TWO FAMILY and was built in 1900. The lower unit is currently occupied on a month-to-month basis, while the upper unit is owner occupied.
Key Highlights
- 2,394‑square‑foot duplex with two residential units
- First‑floor unit has 2 bedrooms and an updated full bathroom
- Upper unit offers 3 bedrooms, including 2 bedrooms on the second floor
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
$26,240
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
7.00%
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%
$524,800
$524.8K
Cap Rate 7%
$374,857
$374.9K
Cap Rate 9%
$291,556
$291.6K
Market Conditions
NOI Build-Up for 2,394 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
$43.1K $18.00/SF
− Vacancy
−$5.6K −$2.34/SF
EGI
$37.5K $15.66/SF
− OpEx
−$11.2K −$4.70/SF
NOI
$26.2K $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%
$524,800
Cap Rate 7%
$374,857
Cap Rate 9%
$291,556
Alternative Uses
Best Use
Multifamily LT 5
$374.9K
$328.0K – $437.3K
NOI $26,240 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$342.8K
$300.0K – $400.0K
NOI $23,999 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$725.8K
$635.1K – $846.8K
NOI $50,809 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
878
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated kitchens, flexible bedroom layouts, and separately metered gas and electric service.
Where is this duplex located?
The property is located at 208 Main Street Darby, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,394‑square‑foot duplex with two residential units; First‑floor unit has 2 bedrooms and an updated full bathroom; Upper unit offers 3 bedrooms, including 2 bedrooms on the second floor
