Building Details

Year Built 1986

Listing Agency: RE/MAX Hometown Realtors

Listed By: John J McFadden · License #RM420338 Show Phone

Source: Upgradebymichaud

Added: Jul 26 Changed: Sep 10 Last Checked: Sep 11 at 12:52PM

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Investment Insights

Based on property information with market context.

This brick and vinyl duplex includes two large two-bedroom, one-bath units. The first-floor unit is vacant and offers a large living room with double closet, dining room, spacious eat-in kitchen, laundry room, hall bath with tub/shower combo, and two sizable bedrooms. The second-floor unit follows the same floor plan and includes bedroom access to a private deck via sliders. Both units share a full basement, and the basement includes a bilko door to the backyard.

The property also features a common front entry, parking for two cars, and a nice yard. The second-floor unit is currently leased through 4/30/27.

In addition to the main living areas, the layout provides dedicated laundry space within the first-floor unit and a practical indoor-outdoor connection upstairs through the deck off the second-floor bedroom.

Key Highlights

• 1986‑built brick & vinyl duplex with two large 2‑bedroom, 1‑bath units
• Second‑floor unit leased for $1,300/mo through 4/30/27
• First‑floor unit is vacant, allowing owner‑occupancy or rental

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

$28,279

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

7.86%

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%

$565,580 $565.6K

Cap Rate 7%

$403,986 $404.0K

Cap Rate 9%

$314,211 $314.2K

Market Conditions

NOI Build-Up for 2,580 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

$46.4K $18.00/SF

− Vacancy

−$6.0K −$2.34/SF

EGI

$40.4K $15.66/SF

− OpEx

−$12.1K −$4.70/SF

NOI

$28.3K $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%

$565,580

Cap Rate 7%

$403,986

Cap Rate 9%

$314,211

Alternative Uses

Best Use

Multifamily LT 5

$404.0K

$353.5K – $471.3K (±1% cap)

NOI $28,279 @ 7.0% cap · market cap 7.86%

Second Best

Apartment 5plus

$369.5K

$323.3K – $431.1K (±1% cap)

NOI $25,863 @ 7.0% cap · market cap 7.19%

Theoretical Best

Office A

$782.2K

$684.5K – $912.6K (±1% cap)

NOI $54,756 @ 7.0% cap · market cap 15.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

120

Businesses Nearby

Explore this area Business Placement

Demographics for 19029, PA

3,979

Population

1,908

Households

2.1

Avg Household Size

45

Median Age

19%

College-Educated

89%

High-School Grad

2.2 sq mi

ZIP Area

1,809

Density / Sq Mi

$49,966

Median Household Income

$35,219

Median Earnings

$1,340

Median Rent

$186,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Duplex offers two large two-bedroom, one-bath units, a shared full basement, and parking for two cars.

Where is this duplex located?

The property is located at 233 Mohican Essington, PA.

What is the asking price?

The asking price for this property is $359,900.

What are key features of this property?

This property features: 1986‑built brick & vinyl duplex with two large 2‑bedroom, 1‑bath units; Second‑floor unit leased for $1,300/mo through 4/30/27; First‑floor unit is vacant, allowing owner‑occupancy or rental