Value-Add Duplex
329 Cobbs Creek Parkway Philadelphia, PA 19143
For Sale
$199,000
Two separate units offer a value-add duplex setup with space for updates and future income potential.
Property Size1,591 SF
Price / SF$125.08
Days on Market98
Property Features for 329 Cobbs Creek Parkway
General Information
- Standard status
- Active
- Size
- 1,591 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
KW Empower
(609) 992-8248
Listed By:
Eric Land · License #RS363265
(609) 992-8248
Source:
Compass
Added: Apr 18
Changed: Jul 23
Last Checked: Jul 23 at 5:55PM
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 KW Empower
Investment Insights
Based on property information with market context.
This duplex includes two separate units, providing an income-oriented residential layout with an opportunity for updates. The offering is presented as a value-add asset, allowing a buyer to apply renovations and improvements to align with their goals.
The property is located at 329 Cobbs Creek Parkway in the Philadelphia area. The listing highlights easy access to Philadelphia and convenient proximity to public transportation, shopping, and major roadways.
With two distinct living units under one property, the duplex configuration supports a straightforward owner-occupant or investor approach, depending on how the units are managed after improvements.
The property is located at 329 Cobbs Creek Parkway in the Philadelphia area. The listing highlights easy access to Philadelphia and convenient proximity to public transportation, shopping, and major roadways.
With two distinct living units under one property, the duplex configuration supports a straightforward owner-occupant or investor approach, depending on how the units are managed after improvements.
Key Highlights
- Duplex with two separate units at 329 Cobbs Creek Parkway, Upper Darby
- Year built: 1920
- Value‑add opportunity with space for updates to potentially increase future income
Financial Insights For Multifamily LT 5
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 | $26.5k | $16.68 |
| − Vacancy | −$1.9k | −$1.20 |
| EGI | $24.6k | $15.48 |
| − OpEx | −$7.4k | −$4.64 |
| NOI | $17.2k | $10.83 |
1,591 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.2K
$215.4K – $287.3K
NOI $17,235 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$219.0K
$191.6K – $255.5K
NOI $15,330 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$545.3K
$477.2K – $636.2K
NOI $38,172 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units offer a value-add duplex setup with space for updates and future income potential.
Where is this duplex located?
The property is located at 329 Cobbs Creek Parkway Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex with two separate units at 329 Cobbs Creek Parkway, Upper Darby; Year built: 1920; Value‑add opportunity with space for updates to potentially increase future income
