Building Details

Year Built 1910

Buildings 1

Stories 2

Construction brick

Listing Agency: Crown Homes Real Estate

Listed By: Melvin Sarpey Show Phone

Source: Burkhart

Added: Jul 13 Changed: Oct 5 Last Checked: Oct 7 at 3:28PM

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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 Crown Homes Real Estate

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Investment Insights

Based on property information with market context.

This brick duplex contains 1,660 square feet arranged as two residential units on the first and second floors. Each unit includes a living room, kitchen, two bedrooms, and one full bathroom. The first unit also has an unfinished basement that provides storage space, while separate electric utilities serve each unit.

Recent property improvements include a new roof, updated flooring, new chimney lines, and upgraded radiator units. Exterior space includes a large backyard for outdoor use. The property is located near public transportation, major highways, and local shopping in Sharon Hill, Pennsylvania.

Key Highlights

• Two‑unit brick duplex with 1,660 square feet
• Each unit includes 2 bedrooms and 1 full bathroom
• Separate electric utilities for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,195

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$363,900 $363.9K

Cap Rate 7%

$259,929 $259.9K

Cap Rate 9%

$202,167 $202.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,660 SF

Gross rent

$29.9K $18.00/SF

− Vacancy

−$3.9K −$2.34/SF

EGI

$26.0K $15.66/SF

− OpEx

−$7.8K −$4.70/SF

NOI

$18.2K $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 Rate 5%

$363,900

Cap Rate 7%

$259,929

Cap Rate 9%

$202,167

Alternative Uses

Best Use

Multifamily LT 5

$259.9K

$227.4K – $303.3K (±1% cap)

NOI $18,195 @ 7.0% cap · market cap 6.27%

Second Best

Apartment 5plus

$237.7K

$208.0K – $277.4K (±1% cap)

NOI $16,641 @ 7.0% cap · market cap 5.74%

Theoretical Best

Office A

$503.3K

$440.4K – $587.2K (±1% cap)

NOI $35,231 @ 7.0% cap · market cap 12.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Accounting Firm Cafe & Coffee Shop Skin Care Clinic

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

Lease Details

2

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,034

Businesses Nearby

Explore this area Business Placement

Demographics for 19079, PA

9,371

Population

3,577

Households

2.6

Avg Household Size

37

Median Age

24%

College-Educated

93%

High-School Grad

1.6 sq mi

ZIP Area

5,857

Density / Sq Mi

$57,002

Median Household Income

$39,926

Median Earnings

$1,212

Median Rent

$159,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer matching layouts, individual electric service, and access to a shared backyard.

Where is this duplex located?

The property is located at 241 Cherry St Sharon Hill, PA.

What is the asking price?

The asking price for this property is $290,000.

What are key features of this property?

This property features: Two‑unit brick duplex with 1,660 square feet; Each unit includes 2 bedrooms and 1 full bathroom; Separate electric utilities for each unit