Fully Leased
For Sale
$245,000
400 Market Street, Marcus Hook, PA 19061
Two residential units are occupied, with separate utilities and distinct layouts.
Property Size2,012 SF
Price / SF$121.77
Days on Market185
Property Features for 400 Market Street
General Information
Standard status
Active
Size
2,012 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,617
Amenities
No
No Pool
Above Grade, Below Grade
Sidewalks, Street Lights
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Keller Williams Real Estate - West Chester
(610) 299-3484
Listed By:
Hannady C Morsi · License #RS223755L
(610) 299-3484
Source:
Compass
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 1:08PM
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 Keller Williams Real Estate - West Chester
Investment Insights
Based on property information with market context.
This 1930-built duplex contains two occupied residential units with separate utilities. The first apartment offers one bedroom, one bathroom, an open-plan main living area, and recessed lighting. The second includes three bedrooms, one full and one half bathroom, a large living room, separate dining room, eat-in kitchen, backyard access, additional closet space, and a storage room. A laundry room with full-sized washer and dryer connects to the basement.
The property is located at 400 Market Street in Marcus Hook, Delaware County, and is zoned RESIDENTIAL. Sidewalks and street lights serve the property. Marcus Hook Train station and the Waterfront municipal park are within walking distance. The listing identifies Chichester as the school district.
The property is located at 400 Market Street in Marcus Hook, Delaware County, and is zoned RESIDENTIAL. Sidewalks and street lights serve the property. Marcus Hook Train station and the Waterfront municipal park are within walking distance. The listing identifies Chichester as the school district.
Key Highlights
- Two‑unit duplex with both apartments fully rented
- Unit 1 offers 1 bedroom, 1 bathroom, open‑plan living, and recessed lighting
- Unit 2 includes 3 bedrooms, 1.5 bathrooms, dining room, eat‑in kitchen, and backyard access
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
$22,053
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
9.00%
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%
$441,060
$441.1K
Cap Rate 7%
$315,043
$315.0K
Cap Rate 9%
$245,033
$245.0K
Market Conditions
NOI Build-Up for 2,012 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
$36.2K $18.00/SF
− Vacancy
−$4.7K −$2.34/SF
EGI
$31.5K $15.66/SF
− OpEx
−$9.5K −$4.70/SF
NOI
$22.1K $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%
$441,060
Cap Rate 7%
$315,043
Cap Rate 9%
$245,033
Alternative Uses
Best Use
Multifamily LT 5
$315.0K
$275.7K – $367.6K
NOI $22,053 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$288.1K
$252.1K – $336.2K
NOI $20,170 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$610.0K
$533.8K – $711.7K
NOI $42,701 @ 7.0% cap · market cap 17.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 19061, PA
20,207
Population
8,381
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
92%
High-School Grad
7.0 sq mi
ZIP Area
2,887
Density / Sq Mi
$77,249
Median Household Income
$46,055
Median Earnings
$1,215
Median Rent
$229,700
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 are occupied, with separate utilities and distinct layouts.
Where is this duplex located?
The property is located at 400 Market Street Marcus Hook, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex with both apartments fully rented; Unit 1 offers 1 bedroom, 1 bathroom, open‑plan living, and recessed lighting; Unit 2 includes 3 bedrooms, 1.5 bathrooms, dining room, eat‑in kitchen, and backyard access
