Brick Duplex with Updated
For Sale
$300,000
241 CHERRY STREET, Sharon Hill, PA 19079
Two residential units offer matching layouts, individual electric service, and access to a shared backyard.
Property Size1,660 SF
Days on Market114
Property Features for 241 CHERRY STREET
General Information
Standard status
Active
Size
1,660 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,650
Taxes and HOA fees
Annual Taxes
$5,004
Amenities
basement storage
backyard
Building Details
Building Size
1,660 SF
Year Built
1910
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Crown Homes Real Estate
(302) 312-6042
Listed By:
Melvin Sarpey
(302) 312-6042
Source:
Patmckennarealtors
Added: May 9
Changed: Aug 30
Last Checked: Aug 24 at 5:41AM
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
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.
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 = 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
$18,195
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
6.07%
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%
$363,900
$363.9K
Cap Rate 7%
$259,929
$259.9K
Cap Rate 9%
$202,167
$202.2K
Market Conditions
NOI Build-Up for 1,660 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
$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 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%
$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
NOI $18,195 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$237.7K
$208.0K – $277.4K
NOI $16,641 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$503.3K
$440.4K – $587.2K
NOI $35,231 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 STREET Sharon Hill, PA.
What is the asking price?
The asking price for this property is $300,000.
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
