Two-Unit Duplex with Rear
For Sale
$339,900
9 Harrison Avenue, Clifton Heights, PA 19018
Residential duplex with separately metered utilities, two bedrooms upstairs, and an updated lower-level kitchen.
Property Size1,910 SF
Price / SF$177.96
Days on Market403
Property Features for 9 Harrison Avenue
General Information
Standard status
Active
Size
1,910 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,501
Amenities
deck
yard
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1930
Listing Agency:
Russo Real Estate LLC
(610) 566-3000
Listed By:
Matthew Russo
(610) 566-3000
Source:
Compass
Added: Jul 25, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:11AM
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 Russo Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,910-square-foot duplex, built in 1930, contains two residential units within a well-maintained structure. The upper apartment includes two bedrooms, an eat-in kitchen, and a deck. The lower apartment offers an updated eat-in kitchen, a spacious living room, generously sized bedrooms, and access to a deep 150-foot rear yard.
All utilities, including water, are separately metered. The property is zoned RESIDENTIAL and is located near shops, public transportation, and the site of the new Clifton Heights Middle School currently under development. The address is within Upper Darby School District.
All utilities, including water, are separately metered. The property is zoned RESIDENTIAL and is located near shops, public transportation, and the site of the new Clifton Heights Middle School currently under development. The address is within Upper Darby School District.
Key Highlights
- Two‑unit duplex with 1,910 square feet of property size
- Upper unit includes 2 bedrooms, an eat‑in kitchen, and a deck
- Lower unit has an updated eat‑in kitchen and spacious living room
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
$20,935
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
6.16%
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%
$418,700
$418.7K
Cap Rate 7%
$299,071
$299.1K
Cap Rate 9%
$232,611
$232.6K
Market Conditions
NOI Build-Up for 1,910 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
$34.4K $18.00/SF
− Vacancy
−$4.5K −$2.34/SF
EGI
$29.9K $15.66/SF
− OpEx
−$9.0K −$4.70/SF
NOI
$20.9K $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%
$418,700
Cap Rate 7%
$299,071
Cap Rate 9%
$232,611
Alternative Uses
Best Use
Multifamily LT 5
$299.1K
$261.7K – $348.9K
NOI $20,935 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$273.5K
$239.3K – $319.1K
NOI $19,147 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$579.1K
$506.7K – $675.6K
NOI $40,536 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
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 - Residential duplex with separately metered utilities, two bedrooms upstairs, and an updated lower-level kitchen.
Where is this duplex located?
The property is located at 9 Harrison Avenue Clifton Heights, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,910 square feet of property size; Upper unit includes 2 bedrooms, an eat‑in kitchen, and a deck; Lower unit has an updated eat‑in kitchen and spacious living room
