Turnkey Renovated Twinplex Income
402 Market Street Marcus Hook, PA 19061
402 Market Street, Marcus Hook, PA, 19061
$260,000
For Sale
$260,000
Fully renovated twin home plus a separate rear efficiency unit, both ready for occupancy and income generation.
Property Size2,080 SF
Price / SF$125
Days on Market15
Property Features for 402 Market Street
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agency
Fizzano Family of Associates LLC
(610) 565-1100
Listed by
Amy Fizzano Krauter · License #RS334031
(610) 565-1100
Source
Compass
Added: Jul 7 Updated: Jul 20 at 11:52PM Checked: Jul 21 at 6:04AM
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 Fizzano Family of Associates LLC
Investment Insights
Based on property information with market context.
This fully renovated income property includes a 3-bedroom, 1-bath twin home and a separate rear efficiency unit. The main residence was renovated within the last two years and is currently tenant-occupied, while the rear unit has undergone brand-new renovation this year and is ready for its next tenant.
The property is located at 402 Market Street in Marcus Hook, PA 19061, within the Chichester school district.
Together, the two units are reported to generate approximately $2,800 per month in combined rental income, with the current tenants expressing interest in remaining.
The property is located at 402 Market Street in Marcus Hook, PA 19061, within the Chichester school district.
Together, the two units are reported to generate approximately $2,800 per month in combined rental income, with the current tenants expressing interest in remaining.
Key Highlights
- Fully renovated 3‑bedroom, 1‑bath twin home plus a separate rear efficiency unit
- Main residence completely renovated within the last two years and currently tenant‑occupied ($1,900/month)
- Rear efficiency unit brand‑new renovation completed this year; projected rent of approx. $900/month
Local 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 | $37.4k | $18.00 |
| − Vacancy | −$4.9k | −$2.34 |
| EGI | $32.6k | $15.66 |
| − OpEx | −$9.8k | −$4.70 |
| NOI | $22.8k | $10.96 |
2,080 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $380.0K
NOI $22,798 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$297.9K
$260.6K – $347.5K
NOI $20,851 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$630.6K
$551.8K – $735.7K
NOI $44,144 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated twin home plus a separate rear efficiency unit, both ready for occupancy and income generation.
Where is this duplex located?
The property is located at 402 Market Street Marcus Hook, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Fully renovated 3‑bedroom, 1‑bath twin home plus a separate rear efficiency unit; Main residence completely renovated within the last two years and currently tenant‑occupied ($1,900/month); Rear efficiency unit brand‑new renovation completed this year; projected rent of approx. $900/month
