Two-Unit Duplex with Finished
For Sale
$350,000
306 S Carol Boulevard, Upper Darby, PA 19082
Separate entrances, updated finishes, and a fenced yard support distinct living arrangements in Upper Darby.
Property Size2,145 SF
Price / SF$163.17
Days on Market27
Property Features for 306 S Carol Boulevard
General Information
Standard status
Active
Size
2,145 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fenced yard
driveway
Building Details
Year Built
1940
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 299-1755
Listed By:
Alisha M Dauber, Karen M Dauber
Source:
Kathywolfgang
Added: Aug 4
Changed: Aug 29
Last Checked: Aug 30 at 7:07PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2,145-square-foot duplex is arranged as two residences with separate entrances. The main-level unit includes tile flooring, a living room with brick fireplace, dining area, and eat-in kitchen with granite countertops and tile backsplash. It also has two bedrooms and an updated bathroom with tile shower. Finished basement space adds a second full bathroom with jacuzzi tub and a laundry area.
The upper unit provides two bedrooms, a living room, full bathroom, and eat-in kitchen with pantry. Exterior features include a fenced yard and driveway. Built in 1940, the property is located at 306 S Carol Boulevard in Upper Darby, Pennsylvania.
The upper unit provides two bedrooms, a living room, full bathroom, and eat-in kitchen with pantry. Exterior features include a fenced yard and driveway. Built in 1940, the property is located at 306 S Carol Boulevard in Upper Darby, Pennsylvania.
Key Highlights
- Two‑unit duplex with 2,145 square feet
- Main‑level residence includes 2 bedrooms and an updated tile‑shower bathroom
- Finished basement with additional living space, full bathroom, jacuzzi tub, and laundry area
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
$23,511
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
6.72%
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%
$470,220
$470.2K
Cap Rate 7%
$335,871
$335.9K
Cap Rate 9%
$261,233
$261.2K
Market Conditions
NOI Build-Up for 2,145 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
$38.6K $18.00/SF
− Vacancy
−$5.0K −$2.34/SF
EGI
$33.6K $15.66/SF
− OpEx
−$10.1K −$4.70/SF
NOI
$23.5K $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%
$470,220
Cap Rate 7%
$335,871
Cap Rate 9%
$261,233
Alternative Uses
Best Use
Multifamily LT 5
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$307.2K
$268.8K – $358.4K
NOI $21,503 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$650.3K
$569.1K – $758.7K
NOI $45,524 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, updated finishes, and a fenced yard support distinct living arrangements in Upper Darby.
Where is this duplex located?
The property is located at 306 S Carol Boulevard Upper Darby, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,145 square feet; Main‑level residence includes 2 bedrooms and an updated tile‑shower bathroom; Finished basement with additional living space, full bathroom, jacuzzi tub, and laundry area
