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    Triplex with Multiple Bedroom Units Title is generated by Realmo AI

    1121 ELMWOOD Avenue, Sharon Hill, PA 19079

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    Claim this Listing
    New
    For Sale
    $355,000

    MULTI_FAMILY - Other - SHARON HILL, PA

    Property size:
    2,024 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $175/SF
    Added:
    Jul 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 2 at 1:06 pm

    Property Features for 1121 ELMWOOD Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway, On Street, Off Street
    Standard status
    Active
    Size
    2,024 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4595

    Utilities

    Heating system
    Forced Air
    Cooling system
    Window Unit(s), Ceiling Fan(s)

    Building Details

    Year built
    1905
    Number of units
    3
    Building materials
    Asbestos
    Architectural style
    Other

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    Contact an agent
    Hakeem A Tinubu

    Listing agent Hakeem A Tinubu License #RS335608

    Listing office Real Property Management Tri-State 139 Commons Court, Glen Mills, PA

    Listing date Jul 1, 2026

    MLS# PADE2113926 Listing URL

    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.

    HighLights

    • Triplex with multiple unit layouts: 2‑bedroom on the first floor, 3‑bedroom on the third floor, and an additional 1‑bedroom side unit
    • Year built 1905
    • Asbestos listed in construction materials
    • Forced air heating
    • Cooling includes ceiling fan(s) and window unit(s)
    • Parking features include on‑street, off‑street, and driveway

    Overview

    This triplex is configured with separate residential units, including a 2-bedroom unit on the first floor, a 3-bedroom unit on the third floor, and a 1-bedroom unit in a side unit. The property is being sold as-is.

    The address is 1121 ELMWOOD Avenue in Sharon Hill, Pennsylvania. The lot size is listed at 0.08 acres. Tenants are currently occupying the property, and showings require 24 hours notice.

    For investors or owner-occupants, the unit mix provides multiple ways to allocate living space and rental income across different bedroom configurations within one building. Interested parties should plan for the as-is condition and coordinate viewing access with the required notice timeframe.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $36.4k $18.00
    − Vacancy −$4.7k −$2.34
    EGI $31.7k $15.66
    − OpEx −$9.5k −$4.70
    NOI $22.2k $10.96
    2,024 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $316.9K
    $277.3K – $369.8K (±1% cap)
    NOI $22,185 @ 7.0% cap · market cap 6.25%
    Second Best
    Apartment 5plus
    $289.9K
    $253.6K – $338.2K (±1% cap)
    NOI $20,290 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Office A
    $613.7K
    $537.0K – $715.9K (±1% cap)
    NOI $42,956 @ 7.0% cap · market cap 12.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sharon Hill
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.27068
    Latitude
    39.90338

    FAQs

    What type of property is this?
    Triplex - Tenants-occupied triplex offering distinct 2-bedroom, 3-bedroom, and 1-bedroom unit layouts, sold as-is.
    Where is this triplex located?
    The property is located at 1121 ELMWOOD Avenue Sharon Hill, PA.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: Triplex with multiple unit layouts: 2‑bedroom on the first floor, 3‑bedroom on the third floor, and an additional 1‑bedroom side unit; Year built 1905; Asbestos listed in construction materials
    More about this property
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