Multifamily Property With Separate Living
For Sale
$339,000
Pending
402 Poplar St, Darby, PA 19023
Residential income property with separate living area, natural-gas heating, full bath, and on-street parking.
Property Size2,208 SF
Days on Market55
Property Features for 402 Poplar St
General Information
Standard status
Pending
Size
2,208 SF
Property subtype
Residential Income
Zoning
R
Taxes and HOA fees
Annual Taxes
$4,032
Amenities
Ceiling Fan(s)
Baseboard, Hot Water, Radiant, Natural Gas
Full
Dishwasher, Refrigerator, Gas Oven, Gas Range
On Street
Dwelling w/Separate Living Area
Building Details
Building Size
2,208 SF
Year Built
1930
Stories
3
Listing Agency:
Homezu by Simple Choice
(855) 885-4663
Listed By:
Christopher J Carr · License #PB00096279
(855) 885-4663
Source:
Evrealestate
Added: Jun 12
Changed: Aug 4
Last Checked: Aug 4 at 5:44AM
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 Homezu by Simple Choice
Investment Insights
Based on property information with market context.
This 2,208-square-foot multifamily property was built in 1930 and includes a separate living area. Interior features include ceiling fans, a full bathroom, and a kitchen equipped with a dishwasher, refrigerator, gas oven, and gas range. Heating is provided through baseboard, hot water, and radiant systems using natural gas.
The property is located at 402 Poplar St in Darby, Delaware County, Pennsylvania. On-street parking is available, and the property carries R zoning.
The property is located at 402 Poplar St in Darby, Delaware County, Pennsylvania. On-street parking is available, and the property carries R zoning.
Key Highlights
- 2,208‑square‑foot multifamily property
- Separate living area within the dwelling
- Built in 1930
Financial Insights For Apartment 5plus
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 | $46.6k | $21.12 |
| − Vacancy | −$6.4k | −$2.89 |
| EGI | $40.2k | $18.23 |
| − OpEx | −$18.1k | −$8.20 |
| NOI | $22.1k | $10.02 |
2,208 SF · lease $21.12/SF/yr · vacancy 13.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$316.2K
$276.7K – $368.9K
NOI $22,134 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
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?
Multifamily property - Residential income property with separate living area, natural-gas heating, full bath, and on-street parking.
Where is this multifamily property located?
The property is located at 402 Poplar St Darby, PA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2,208‑square‑foot multifamily property; Separate living area within the dwelling; Built in 1930
