Duplex with Attached
New
For Sale
$385,000
646 COUNTRY Lane, Morton, PA 19070
Multi-Family, MORTON, PA
Property Size2,112 SF
Lot Size0.09 Acres
Price / SF$182.29
Days on Market4
Property Features for 646 COUNTRY Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
6
Parking features
On Street, Driveway, Garage - Attached
Middle school
RICHARDSON
High school
SPRINGFIELD
Elementary school district
SPRINGFIELD
Middle school district
SPRINGFIELD
High school district
SPRINGFIELD
Standard status
Active
Size
2,112 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8000
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
shared basement
attached garage
private balcony
Building Details
Year built
1980
Floors in Building
2
Number of units
2
Building materials
Stucco, Brick, Vinyl Siding
Architectural style
Other
Listing Agency:
Keller Williams Real Estate - Media · Keller Williams Realty
(610) 565-1995
Listed By:
Matthew Curry · License #RS331031
(610) 585-5557
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 28 at 10:06PM
MLS# PADE2122488
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1980 duplex contains 2,112 square feet across two residential units, each offering two bedrooms and one full and one half bathroom. The first-floor residence includes a living room, updated kitchen with dining area, updated hall bathroom, and a primary bedroom with private half bath and balcony access. The second-floor unit follows a similar arrangement, with updated kitchen and dining space, updated full and half bathrooms, and a private balcony. Both units are currently tenant-occupied.
The property sits on a 0.09-acre lot in Morton Borough within the Springfield School District section. Residents have access to a shared basement for storage and utilities, along with an attached garage, driveway, and street parking. Construction includes stucco, brick, and vinyl siding, with heat-pump heating and central air conditioning. The property is near public transportation, the train station, shopping, restaurants, and everyday amenities.
The property sits on a 0.09-acre lot in Morton Borough within the Springfield School District section. Residents have access to a shared basement for storage and utilities, along with an attached garage, driveway, and street parking. Construction includes stucco, brick, and vinyl siding, with heat-pump heating and central air conditioning. The property is near public transportation, the train station, shopping, restaurants, and everyday amenities.
Key Highlights
- Two tenant‑occupied units, each with 2 bedrooms and 1.5 bathrooms
- 2,112 square feet on a 0.09‑acre lot
- Updated kitchens, dining areas, and bathrooms in both units
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
$23,149
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
6.01%
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%
$462,980
$463.0K
Cap Rate 7%
$330,700
$330.7K
Cap Rate 9%
$257,211
$257.2K
Market Conditions
NOI Build-Up for 2,112 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
$38.0K $18.00/SF
− Vacancy
−$4.9K −$2.34/SF
EGI
$33.1K $15.66/SF
− OpEx
−$9.9K −$4.70/SF
NOI
$23.1K $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%
$462,980
Cap Rate 7%
$330,700
Cap Rate 9%
$257,211
Alternative Uses
Best Use
Multifamily LT 5
$330.7K
$289.4K – $385.8K
NOI $23,149 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$302.5K
$264.7K – $352.9K
NOI $21,172 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 19070, PA
7,306
Population
2,707
Households
2.7
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
1.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$81,375
Median Household Income
$53,434
Median Earnings
$1,300
Median Rent
$283,900
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 - Two occupied residential units offer updated interiors, private balconies, and shared basement storage.
Where is this duplex located?
The property is located at 646 COUNTRY Lane Morton, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two tenant‑occupied units, each with 2 bedrooms and 1.5 bathrooms; 2,112 square feet on a 0.09‑acre lot; Updated kitchens, dining areas, and bathrooms in both units
