Fully Rented Two-Unit
622 Country Lane Morton, PA 19070
622 Country Lane, Morton, PA, 19070
$529,900
For Sale
$529,900
Duplex with two 2-bedroom, 1.5-bath apartments, separate utilities, central air, and attached two-car garages.
Property Size2,112 SF
Price / SF$250.90
Days on Market14
Property Features for 622 Country Lane
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1980
Listing agency
BHHS Fox & Roach-Haverford
(610) 209-0748
Listed by
Claude Canavati · License #RS319752
(610) 209-0748
Source
Compass
Added: Jul 8 Updated: Jul 21 at 6:59AM Checked: Jul 21 at 6:59AM
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-Haverford
Investment Insights
Based on property information with market context.
This fully rented duplex contains two separate 2-bedroom, 1.5-bath apartments. Both units include central air and private balcony access via sliding glass doors in the primary bedroom. The shared basement provides laundry and storage for both apartments and includes access to the attached garages. The first-floor unit was renovated approximately two years ago and features an eat-in kitchen with new cabinetry and granite countertops, plus laminate flooring throughout. The second-floor unit is well maintained and offers wall-to-wall carpeting.
The property is located on a quiet cul-de-sac in the Springfield School District. It includes an attached two-car garage with automatic door openers and driveway parking for up to four additional vehicles, along with a large backyard.
Utilities are separate for the two units, supporting independent operations within the duplex configuration.
The property is located on a quiet cul-de-sac in the Springfield School District. It includes an attached two-car garage with automatic door openers and driveway parking for up to four additional vehicles, along with a large backyard.
Utilities are separate for the two units, supporting independent operations within the duplex configuration.
Key Highlights
- 1980‑built duplex with two 2‑bedroom, 1.5‑bath apartments
- Separate utilities plus central air
- Attached 2‑car garages with automatic door openers and driveway parking for up to four additional vehicles
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 | $38.0k | $18.00 |
| − Vacancy | −$4.9k | −$2.34 |
| EGI | $33.1k | $15.66 |
| − OpEx | −$9.9k | −$4.70 |
| NOI | $23.1k | $10.96 |
2,112 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.7K
$289.4K – $385.8K
NOI $23,149 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$302.5K
$264.7K – $352.9K
NOI $21,172 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 8.46%
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 - Duplex with two 2-bedroom, 1.5-bath apartments, separate utilities, central air, and attached two-car garages.
Where is this duplex located?
The property is located at 622 Country Lane Morton, PA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 1980‑built duplex with two 2‑bedroom, 1.5‑bath apartments; Separate utilities plus central air; Attached 2‑car garages with automatic door openers and driveway parking for up to four additional vehicles
