Renovated Duplex With New
For Sale
$240,000
209 N 2ND STREET, Darby, PA 19023
Two-unit property with one updated apartment and a month-to-month occupant in the second unit.
Property Size1,584 SF
Days on Market27
Property Features for 209 N 2ND STREET
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,675
Building Details
Building Size
1,584 SF
Year Built
1930
Listing Agency:
Long & Foster Real Estate, Inc.
(302) 893-2900
Listed By:
Robert Needs · License #RS368659
(302) 893-2900
Source:
Patmckennarealtors
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 4 at 5:34AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex includes two separate residential units. The first-floor apartment has undergone renovation and features updated finishes, creating a move-in-ready living space. The upper unit is occupied under a month-to-month tenancy, providing an established occupancy arrangement with flexibility for future decisions. Major building systems have also been addressed, with a replacement roof and HVAC system completed in 2023.
The property is situated near shopping, public transportation, schools, and major commuting routes in Darby. Its two-unit configuration supports both owner-occupancy and multifamily investment use, as explicitly described for the property.
The property is situated near shopping, public transportation, schools, and major commuting routes in Darby. Its two-unit configuration supports both owner-occupancy and multifamily investment use, as explicitly described for the property.
Key Highlights
- Two‑unit duplex configuration
- Renovated first‑floor unit with updated finishes
- Second‑floor unit occupied by a month‑to‑month tenant
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $18.00 |
| − Vacancy | −$3.7k | −$2.34 |
| EGI | $24.8k | $15.66 |
| − OpEx | −$7.4k | −$4.70 |
| NOI | $17.4k | $10.96 |
1,584 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.0K
$217.0K – $289.4K
NOI $17,362 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$226.8K
$198.5K – $264.7K
NOI $15,879 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$480.3K
$420.2K – $560.3K
NOI $33,618 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
885
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-unit property with one updated apartment and a month-to-month occupant in the second unit.
Where is this duplex located?
The property is located at 209 N 2ND STREET Darby, PA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Renovated first‑floor unit with updated finishes; Second‑floor unit occupied by a month‑to‑month tenant
