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About the Listing 61023 - 3282263
12-UNIT DELCO VALUE-ADD | ONLY $68,750 PER UNIT | $119,556 FULL-OCCUPANCY RENT | $825,000 Attention Investors & Syndicators: High-Occupancy 12-Unit Multifamily Investment with Immediate Value-Add Opportunity! 1 N. 2nd Street in Darby, PA is a three-story stone and masonry apartment building consisting of six studios and six one-bedroom units. The property features updated units and is currently 11 of 12 units occupied. INVESTMENT HIGHLIGHTS: • $9,250/month ($111,000/year) in current gross rental income • $9,963/month ($119,556/year) at full occupancy based on the vacant unit’s most recent rent • $51,669.03 2025 NOI • 6.3% cap rate at the $825,000 asking price • Tenants pay their own electric; landlord pays water • Dedicated off-street parking lot The property provides immediate cash flow with additional income potential from leasing the vacant unit. Several existing rents are also below the building’s highest current rents, providing potential for future rental growth. The property is well positioned with off-street parking and easy access to public transportation.
Listing Highlights for 1 N 2nd Street Apt
Status
Active
Days on Site
35
Property Type
Commercial Sale
MLS ®
PADE2124898
Year Built
1900
Total Square Footage
6,000
Lot/Acreage
0.29
Interior Details
- Appliances:
- Air Cond:
- Heating: Baseboard - Electric
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 100.00 x 129.00
- Zoning: COMMECIAL
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $26,644
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Listing Location
Questions About..
1 N 2nd Street Apt Darby, PA 19023
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