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: Oct 26 Last Checked: Oct 26 at 8:09PM

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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 Hometown Realtors

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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 / Yr

$28,279

Cap Rate

7.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$565,580 $565.6K

Cap Rate 7%

$403,986 $404.0K

Cap Rate 9%

$314,211 $314.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,580 SF

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 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. How Realmo checks its estimates

Property Analytics

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Open Analytics

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

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