Two-Unit
For Sale
$200,000
41 North Keystone Avenue, Upper Darby, PA 19082
Residential income property with separate one-bedroom units and access to a large rear yard.
Property Size1,242 SF
Price / SF$161.03
Days on Market215
Property Features for 41 North Keystone Avenue
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RES
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,873
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1913
Buildings
1
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 435-2544
Listed By:
Adam Feine · License #RS336416
(215) 435-2544
Source:
Compass
Added: Jan 28
Changed: Aug 31
Last Checked: Aug 30 at 12:39PM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
This residential duplex at 41 North Keystone Avenue contains two separate units, each arranged with one bedroom and one bathroom. The property includes approximately 1,250 square feet of combined living space, was built in 1913, and is zoned RES. Unit 1 has access to a large rear yard, while Unit 2 is currently leased.
The property is near SEPTA’s 69th Street Transportation Center, providing access to multiple transit options serving Center City and the broader region. Nearby services include El Rinconcito Restaurant and Bakery, H Mart, Five Below, Wells Fargo, and other neighborhood businesses. The Upper Darby location is within the Upper Darby School District.
The property is near SEPTA’s 69th Street Transportation Center, providing access to multiple transit options serving Center City and the broader region. Nearby services include El Rinconcito Restaurant and Bakery, H Mart, Five Below, Wells Fargo, and other neighborhood businesses. The Upper Darby location is within the Upper Darby School District.
Key Highlights
- Two separate 1 bedroom / 1 bathroom units
- Approximately 1,250 sq ft of total living space
- Unit 1 includes access to a large rear yard
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
$13,613
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
6.81%
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%
$272,260
$272.3K
Cap Rate 7%
$194,471
$194.5K
Cap Rate 9%
$151,256
$151.3K
Market Conditions
NOI Build-Up for 1,242 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
$22.4K $18.00/SF
− Vacancy
−$2.9K −$2.34/SF
EGI
$19.4K $15.66/SF
− OpEx
−$5.8K −$4.70/SF
NOI
$13.6K $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%
$272,260
Cap Rate 7%
$194,471
Cap Rate 9%
$151,256
Alternative Uses
Best Use
Multifamily LT 5
$194.5K
$170.2K – $226.9K
NOI $13,613 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$177.9K
$155.6K – $207.5K
NOI $12,451 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$376.6K
$329.5K – $439.3K
NOI $26,359 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
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?
Duplex - Residential income property with separate one-bedroom units and access to a large rear yard.
Where is this duplex located?
The property is located at 41 North Keystone Avenue Upper Darby, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two separate 1 bedroom / 1 bathroom units; Approximately 1,250 sq ft of total living space; Unit 1 includes access to a large rear yard
