Two-Unit Stone-and-Brick
New
For Sale
$279,900
828 Derwyn Rd, Drexel Hill, PA 19026
Both apartments are occupied, with separate basement storage, exterior access, and garage access supporting daily tenant convenience.
Property Size1,458 SF
Price / SF$191.98
Days on Market2
Property Features for 828 Derwyn Rd
General Information
Standard status
Active
Size
1,458 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
garage access
outside access
tenant storage areas
Building Details
Year Built
1942
Construction
stone-and-brick
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
Listed By:
Kelly Jennings · License #RS341985
(484) 947-6773
Source:
Yourchestercountyhomesearch
Added: Sep 9
Last Checked: Sep 9 at 9:34AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 1,458-square-foot duplex contains two occupied apartments with distinct layouts. The first-floor residence has 1 bedroom and 1 bath, while the second-floor unit includes 2 bedrooms and 1 bath, along with newly installed flooring. Large windows, spacious rooms, and functional interiors serve both units, while the stone-and-brick exterior adds established architectural character.
The basement expands the property’s utility with separate storage areas for the tenants, outside access, and garage access. The home is located near shopping, dining, public transportation, and major commuter routes in Drexel Hill, Pennsylvania. Its two-unit configuration and existing occupancy provide a straightforward addition to a residential rental portfolio.
The basement expands the property’s utility with separate storage areas for the tenants, outside access, and garage access. The home is located near shopping, dining, public transportation, and major commuter routes in Drexel Hill, Pennsylvania. Its two-unit configuration and existing occupancy provide a straightforward addition to a residential rental portfolio.
Key Highlights
- 1,458‑square‑foot duplex with two occupied units
- First‑floor unit includes 1 bedroom and 1 bath
- Second‑floor unit offers 2 bedrooms, 1 bath, and newly installed flooring
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
$15,981
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
5.71%
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%
$319,620
$319.6K
Cap Rate 7%
$228,300
$228.3K
Cap Rate 9%
$177,567
$177.6K
Market Conditions
NOI Build-Up for 1,458 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
$26.2K $18.00/SF
− Vacancy
−$3.4K −$2.34/SF
EGI
$22.8K $15.66/SF
− OpEx
−$6.8K −$4.70/SF
NOI
$16.0K $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%
$319,620
Cap Rate 7%
$228,300
Cap Rate 9%
$177,567
Alternative Uses
Best Use
Multifamily LT 5
$228.3K
$199.8K – $266.4K
NOI $15,981 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$442.1K
$386.8K – $515.7K
NOI $30,944 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied, with separate basement storage, exterior access, and garage access supporting daily tenant convenience.
Where is this duplex located?
The property is located at 828 Derwyn Rd Drexel Hill, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,458‑square‑foot duplex with two occupied units; First‑floor unit includes 1 bedroom and 1 bath; Second‑floor unit offers 2 bedrooms, 1 bath, and newly installed flooring
