Three-Unit Mixed-Use
234 Long Ln Upper Darby, PA 19082
New
234 Long Ln, Upper Darby, PA, 19082
$387,900
For Sale
$387,900
Red brick three-unit mixed-use property with a ground-floor salon and two apartments above.
Property Size3,300 SF
Price / SF$117.55
Days on Market3
Property Features for 234 Long Ln
General Information
- Standard status
- Active
- Size
- 3,300 SF
Building Details
- Year Built
- 1950
Listing agency
Market Force Realty
(267) 312-5354
Listed by
Sofia Veytsman · License #RS324536
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 11:26PM Checked: Jul 21 at 11:26PM
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 Market Force Realty
Investment Insights
Based on property information with market context.
This red brick three-unit, mixed-use building offers income-producing space across the first three levels. The first floor is leased to a hair salon, and the second floor provides a 3-bedroom apartment. The third floor is leased as a 1-bedroom apartment. One off-street parking spot is located behind the building and is used by the first-floor tenant.
The property is described as being conveniently located near the 69th Street subway station, a bus line, shopping, businesses, and a school.
Additional operating details provided include that tenants pay electric, while the owner pays water and receives reimbursement from tenants. The owner also pays for gas used for heating.
The property is described as being conveniently located near the 69th Street subway station, a bus line, shopping, businesses, and a school.
Additional operating details provided include that tenants pay electric, while the owner pays water and receives reimbursement from tenants. The owner also pays for gas used for heating.
Key Highlights
- 3‑unit red brick mixed‑use building with a ground‑floor hair salon and two apartments above
- 1st floor hair salon leased for $1,550; lease has 2 years remaining
- 2nd floor: 3‑bedroom apartment, 1,200 SF, rented for $1,550/mo
Local Financial Insights For Apartment 5plus
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 | $69.7k | $21.12 |
| − Vacancy | −$9.5k | −$2.89 |
| EGI | $60.1k | $18.23 |
| − OpEx | −$27.1k | −$8.20 |
| NOI | $33.1k | $10.02 |
3,300 SF · lease $21.12/SF/yr · vacancy 13.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$516.7K
$452.1K – $602.8K
NOI $36,170 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$472.6K
$413.5K – $551.4K
NOI $33,081 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$1.00M
$875.5K – $1.17M
NOI $70,037 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Red brick three-unit mixed-use property with a ground-floor salon and two apartments above.
Where is this triplex located?
The property is located at 234 Long Ln Upper Darby, PA.
What is the asking price?
The asking price for this property is $387,900.
What are key features of this property?
This property features: 3‑unit red brick mixed‑use building with a ground‑floor hair salon and two apartments above; 1st floor hair salon leased for $1,550; lease has 2 years remaining; 2nd floor: 3‑bedroom apartment, 1,200 SF, rented for $1,550/mo
