6,000 sqft

$825,000

1 N 2ND STREET Unit: APT, DARBY PA, 19023

Price per sqft$137.50

Built in1900

Property size6,000 sqft

Property typeCommercial

Overview

Active

Active-bright

Listed Sep 29, 2026

Updated 7 days ago

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.

Additional information

MLS^® ID: PADE2124898

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.29 Acres

Other Property Details

Taxes: $26,644
Tax Frequency: Annually

Listed by BHHS Fox & Roach-Jenkintown
Listing Contact: 2679815392

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/2/2026 at 12:53 AM UTC

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