Building Details

Building Size 1,725 SF

Year Built 1942

Stories 2

Listed By: Mary Varlas Show Phone

Source: Evrealestate

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 23 at 7:14AM

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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 Mary Varlas

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Investment Insights

Based on property information with market context.

This residential income property in Marcus Hook is configured as a dwelling with rental space and a separate living area. Built in 1942, it has electric forced-air heating and a gas water heater. The property is zoned residential.

Key Highlights

• Dwelling with rental space and a separate living area
• Built in 1942
• Residential zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,292

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$345,840 $345.8K

Cap Rate 7%

$247,029 $247.0K

Cap Rate 9%

$192,133 $192.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,725 SF

Gross rent

$36.4K $21.12/SF

− Vacancy

−$5.0K −$2.89/SF

EGI

$31.4K $18.23/SF

− OpEx

−$14.1K −$8.20/SF

NOI

$17.3K $10.02/SF

Area

Delaware County, PA

Vacancy

13.70%

Lease Rate

$21.12 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$345,840

Cap Rate 7%

$247,029

Cap Rate 9%

$192,133

Alternative Uses

Best Use

Apartment 5plus

$247.0K

$216.2K – $288.2K (±1% cap)

NOI $17,292 @ 7.0% cap · market cap 8.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$523.0K

$457.6K – $610.2K (±1% cap)

NOI $36,610 @ 7.0% cap · market cap 18.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Location Intelligence

Trade Area within ½ mile

336

Businesses Nearby

Explore this area Business Placement

Demographics for 19061, PA

20,207

Population

8,381

Households

2.4

Avg Household Size

40

Median Age

21%

College-Educated

92%

High-School Grad

7.0 sq mi

ZIP Area

2,887

Density / Sq Mi

$77,249

Median Household Income

$46,055

Median Earnings

$1,215

Median Rent

$229,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - The dwelling includes rental space and electric forced-air heating.

Where is this residential income property located?

The property is located at 806 MARKET STREET Marcus Hook, PA.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Dwelling with rental space and a separate living area; Built in 1942; Residential zoning