Fully Leased Duplex Income
For Sale
$279,900
828 DERWYN Road, Drexel Hill, PA 19026
Multi-Family, DREXEL HILL, PA
Property Size1,458 SF
Lot Size0.04 Acres
Price / SF$191.98
Days on Market92
Property Features for 828 DERWYN Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Driveway, Garage - Attached
Interior features
Ceiling Fan(s)
Appliances
Oven/Range - Gas, Oven/Range - Electric
High school
UPPER DARBY SENIOR
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Size
1,458 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6140
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1942
Number of units
1
Building materials
Brick, Masonry, Stone
Architectural style
Colonial
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Kelly Jennings · License #RS341985
(484) 947-6773
Added: May 30
Changed: Aug 19
Last Checked: Aug 29 at 7:06PM
MLS# PADE2116018
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 fully leased duplex at 828 Derwyn Rd features two occupied units within a compact residential income configuration. The first-floor unit offers one bedroom and one bathroom. The second-floor unit offers two bedrooms and one bathroom, with newly installed flooring noted for refreshed interior finishes. Both units are described as having large windows and generously sized rooms with functional layouts.
The property includes a basement that adds practical utility, with separate tenant storage areas and outside access. Garage access is also provided, supporting convenient move-in and day-to-day use for occupants. The listing describes the exterior as stone-and-brick with a well maintained appearance.
For an investor or owner-operator seeking a duplex with existing tenancy, the current fully leased status supports immediate occupancy. The unit mix—a one-bedroom/one-bath on the first floor and a two-bedroom/one-bath on the second floor—can appeal to a range of household types. Additional convenience from the basement storage, outside access, and garage access may help differentiate the property from other duplexes with fewer shared amenities.
The property includes a basement that adds practical utility, with separate tenant storage areas and outside access. Garage access is also provided, supporting convenient move-in and day-to-day use for occupants. The listing describes the exterior as stone-and-brick with a well maintained appearance.
For an investor or owner-operator seeking a duplex with existing tenancy, the current fully leased status supports immediate occupancy. The unit mix—a one-bedroom/one-bath on the first floor and a two-bedroom/one-bath on the second floor—can appeal to a range of household types. Additional convenience from the basement storage, outside access, and garage access may help differentiate the property from other duplexes with fewer shared amenities.
Key Highlights
- Fully leased duplex with two occupied units providing immediate rental income
- Unit mix: first‑floor 1 bed / 1 bath and second‑floor 2 bed / 1 bath
- Second‑floor unit includes 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
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,023
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
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 units with separate storage, outside access, and garage access within a well maintained duplex setting.
Where is this duplex located?
The property is located at 828 DERWYN Road 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: Fully leased duplex with two occupied units providing immediate rental income; Unit mix: first‑floor 1 bed / 1 bath and second‑floor 2 bed / 1 bath; Second‑floor unit includes newly installed flooring
