Description
Turnkey mixed-use income property offering stable cash flow, strong tenant demand, and a compelling 9% cap rate at list price. This well-maintained asset features a fully operational restaurant on the first floor and three residential apartments above — two 2-bedroom units and one 1-bedroom unit — creating diversified income streams and long-term stability. The restaurant benefits from an excellent location...Prime Mixed-Use Investment Opportunity — Strong Income, Proven Performance, and Upside Potential
Turnkey mixed-use income property offering stable cash flow, strong tenant demand, and a compelling 9% cap rate at list price. This well-maintained asset features a fully operational restaurant on the first floor and three residential apartments above — two 2-bedroom units and one 1-bedroom unit — creating diversified income streams and long-term stability. The restaurant benefits from an excellent location just off Main Street, delivering consistent customer traffic and strong business performance. All restaurant equipment is owned by the seller, and while the business is not included in the base sale, it can be negotiated, offering an additional upside opportunity for owner-operators or investors seeking enhanced returns. Property Highlights Include:
Solid rent history with reliable, quality tenants
High-demand rental area — historically minimal vacancy
Off-street parking lot
Newer roof
Well-maintained building with pride of ownership
Separate utilities for all units (except water)
Fully disclosed operating expenses, including a conservative 5% vacancy factor
Transparent financials — no guesswork on income or costs
This is a true income-producing asset with documented performance, ideal for investors seeking predictable cash flow, portfolio growth, and long-term appreciation. Opportunities like this — with verified numbers, established tenants, and immediate returns — are increasingly rare. Add this high-performing property to your portfolio and start generating consistent returns from day one. Schedule a private tour today.
- Listed by Michael P Gennett • Keller Williams Real Estate - MediaP: (610)-580-6365 michaelpgennett@gmail.com
Property Details for 16 North 9th Street
Property Details for 16 North 9th Street
| Status | Active |
|---|---|
| MLS # | PADE2107180 |
| Days on Market | 13 |
| Taxes | $8,086 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1915 |
| Lot Size | 0.08 AC / 3,484 SF |
| County | Delaware County |
Location
Building Information for 16 North 9th Street
Payment Calculator
$3,330 per month
30 year fixed, 6.15% Interest
$2,656
$674
$0
Property Information for 16 North 9th Street
- Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Lots less than 5 miles, Commuter Rail Station less than 1 mile
- School District Name: WILLIAM PENN
- School District County ID: 300200397351
- SchoolDistrictSource: Listing Agent
- Elementary School: WALNUT STREET (DELAWARE PA)
- ElementarySchoolSource: Listing Agent
- Middle Or Junior School: PENN WOOD (DELAWARE PA)
- MiddleSchoolSource: Listing Agent
- High School: PENN WOOD (DELAWARE PA)
- HighSchoolSource: Listing Agent
- County: DELAWARE
- MLS Area: Darby Boro (10414)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $113,800
- Year Assessed: 2025
- County Tax: $621
- Improvement Assessed Value: $73,810
- Land Assessed Value: $39,990
- Municipal Trash: Yes
- Land Use Code: 0
- Zoning: COMMERCIAL
- Zoning Dscrp: 2 STY HSE STORE APTS 32x111xIRR
- Tax Lot: 364-000
- School Tax: $5,360
- School Tax Payment Frequency: Annually
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
- Rent Control: No
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 3
- Three Bedroom Units Count: 0
- Units Leased Count: 4
- Number Of Units Vacant: 0
- Vacancy Allowance Rate: 5.00%
- Number Of Units Month To Month: 4
- Rent Control: No
- Operating Expense: $16,800
- Operating Expense Includes: Insurance, Trash
- Insurance Expense: $3,200
- Trash Expense: $1,200
- Water Avg Month: $42
- Water Prev 12 Months: $504
- Electric Avg Month: $0
- Electric Prev 12 Months: $0
- Gas Avg Month: $0
- Gas Prev 12 Months: $0
- Other Expense: $1,100
- Gross Income: $66,000
- Gross Scheduled Income: $66,000
- Net Operating Income: $49,200
- Annual Rental Income: $66,000
- Income Includes: Apartment Rentals, Shop Rentals
- Cap Rate: 9.00
- Existing Lease Type: Month to Month
- Building Level Count: 3
- Building Units Total: 4
- Total Finished SQFT: 6,000.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: .00
- Total SQFT: 6,600.00
- Total SQFT Source: Estimated
- Construction Materials: Brick, Other
- Roof: Flat, Pitched, Shingle
- Basement Type: Partial
- Foundation Details: Brick/Mortar
- Lot Size Source: Estimated
- Lot Size Dimensions: 32.00 x 111.00
- Lot Features: Level
- Parcel ID: 432681
- Ground Rent Exists: No
- Type Of Parking: Parking Lot
- Parking Lot - # of Spaces: 10
- Parking Features: Asphalt Driveway, Paved Parking
- Fireplace: No
- Accessibility Features: None
- Exterior Features: Awning(s), Sidewalks, Street Lights
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Electric, Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
Property History for 16 North 9th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 27, 2026 | Listed (Active) BRIGHT #PADE2107180 | $545,000 | — |
| Jan 17, 2020 | Closed BRIGHT #PADE498936 | $75,000 | — |
| Dec 13, 2019 | Pending BRIGHT #PADE498936 | — | |
| Aug 28, 2019 | Withdrawn BRIGHT #1000378783 | $99,000 | — |
| Aug 22, 2019 | Listed (Active) BRIGHT #PADE498936 | $95,777 | — |
| May 24, 2017 | Listed (Active) BRIGHT #1000378783 | $130,000 | — |
| May 2, 2002 | Closed (Public Record) Public Record #99234876 | $78,000 | — |
| Mar 31, 1999 | Expired BRIGHT #PADE351814 | $76,900 | — |
| Oct 13, 1998 | Listed (Active) BRIGHT #PADE351814 | $76,900 | — |
| Oct 1, 1998 | Expired BRIGHT #PADE344084 | $79,900 | — |
| Apr 30, 1998 | Listed (Active) BRIGHT #PADE344084 | $79,900 | — |
| Jul 31, 1996 | Withdrawn BRIGHT #PADE407624 | $79,900 | — |
| Jul 31, 1996 | Listed (Active) BRIGHT #PADE407624 | $105,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/27/2026 | Listed (Active) BRIGHT #PADE2107180 | $545,000 |
| 01/17/2020 | Closed BRIGHT #PADE498936 | $75,000 |
| 12/13/2019 | Pending BRIGHT #PADE498936 | — |
| 08/28/2019 | Withdrawn BRIGHT #1000378783 | $99,000 |
| 08/22/2019 | Listed (Active) BRIGHT #PADE498936 | $95,777 |
| 05/24/2017 | Listed (Active) BRIGHT #1000378783 | $130,000 |
| 05/02/2002 | Closed (Public Record) Public Record #99234876 | $78,000 |
| 03/31/1999 | Expired BRIGHT #PADE351814 | $76,900 |
| 10/13/1998 | Listed (Active) BRIGHT #PADE351814 | $76,900 |
| 10/01/1998 | Expired BRIGHT #PADE344084 | $79,900 |
| 04/30/1998 | Listed (Active) BRIGHT #PADE344084 | $79,900 |
| 07/31/1996 | Withdrawn BRIGHT #PADE407624 | $79,900 |
| 07/31/1996 | Listed (Active) BRIGHT #PADE407624 | $105,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 16 North 9th Street
Schools near 16 North 9th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 |
Rating | School | Distance |
|---|---|---|
Park Lane El School PublicK to 6 | ||
Penn Wood Middle School Public7 to 8 | ||
Penn Wood High School Public9 to 12 | ||
Penn Wood 9th Grade Academy Public9 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Real Estate - Media
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.