Brick Duplex with Basement
For Sale
$312,500
3335 MARY Street, Drexel Hill, PA 19026
Multi-Family, DREXEL HILL, PA
Property Size1,840 SF
Lot Size0.09 Acres
Price / SF$169.84
Days on Market140
Property Features for 3335 MARY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Size
1,840 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
7129
Utilities
Heating system
Forced Air
Amenities
basement laundry
storage
Building Details
Year built
1960
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 892-8300
Listed By:
Douglas Carlson · License #RS324518
(302) 290-9522
Added: May 16
Changed: Sep 1
Last Checked: Oct 2 at 10:06AM
MLS# PADE2115548
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex contains two 2-bedroom, 1-bath units within a 1,840-square-foot building constructed in 1960. Both apartments are occupied by long-term tenants under month-to-month leases, and each unit has access to the basement for laundry and storage. Forced-air heating serves the property, while utility costs are separated between the units except for sewer, which the landlord bills to tenants.
The property is located at 3335 Mary Street in Drexel Hill, Delaware County, Pennsylvania. Tenant parking includes two rear spaces, with additional street parking available. Showings require 24 hours’ notice and must be attended by the buyer’s agent.
The property is located at 3335 Mary Street in Drexel Hill, Delaware County, Pennsylvania. Tenant parking includes two rear spaces, with additional street parking available. Showings require 24 hours’ notice and must be attended by the buyer’s agent.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- 1,840‑square‑foot brick building constructed in 1960
- Both units occupied by long‑term tenants on month‑to‑month leases
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
$20,168
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
6.45%
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%
$403,360
$403.4K
Cap Rate 7%
$288,114
$288.1K
Cap Rate 9%
$224,089
$224.1K
Market Conditions
NOI Build-Up for 1,840 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
$33.1K $18.00/SF
− Vacancy
−$4.3K −$2.34/SF
EGI
$28.8K $15.66/SF
− OpEx
−$8.6K −$4.70/SF
NOI
$20.2K $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%
$403,360
Cap Rate 7%
$288,114
Cap Rate 9%
$224,089
Alternative Uses
Best Use
Multifamily LT 5
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$557.9K
$488.1K – $650.9K
NOI $39,051 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer separate utilities, shared basement laundry and storage, plus rear off-street parking.
Where is this duplex located?
The property is located at 3335 MARY Street Drexel Hill, PA.
What is the asking price?
The asking price for this property is $312,500.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; 1,840‑square‑foot brick building constructed in 1960; Both units occupied by long‑term tenants on month‑to‑month leases
