1151 MORTON Avenue, Folsom, PA 19033
MULTI_FAMILY - Colonial, Victorian - FOLSOM, PA
- Added:
- May 2, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 16 at 5:06 pm
Property Features for 1151 MORTON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 7
- Parking features
- Garage - Detached, Driveway, On Street
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8620
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Ceiling Fan(s), Wall Unit(s)
Building Details
- Year built
- 1920
- Building materials
- Cast Iron Plumbing, Copper Plumbing, Glass, Masonry, Vinyl Siding
- Architectural style
- Colonial, Victorian
Listing agent Andrew Gust License #RS365061 (917) 692-7483
Listing office Coldwell Banker Realty 1023 E Baltimore Pike, Plymouth Meeting, PA (610) 566-1100
Listing date May 2, 2026
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
- 3,200 SF detached triplex built in 1920 in Ridley Township, offering 1 1‑bedroom, 1 2‑bedroom, and 1 3‑bedroom unit
- All three units are currently leased with stated annual rental income of $54,000
- Recent updates include a new roof (2019), new windows (2001), and new boilers (2024 and 2025)
- Units are individually metered for electric and gas; owner pays water and common area electric
- 50 x 175 lot with parking for up to 6 vehicles plus a detached single‑car garage
- SEPTA Media Line station is less than 1 mile away, with access to major routes and minutes to the airport
Overview
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 | $57.6k | $18.00 |
| − Vacancy | −$7.5k | −$2.34 |
| EGI | $50.1k | $15.66 |
| − OpEx | −$15.0k | −$4.70 |
| NOI | $35.1k | $10.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Folsom
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.33321
- Latitude
- 39.90005
