Three-Unit Residential Income
For Sale
$1,249,900
216 BLOOMINGDALE Avenue, Wayne, PA 19087
MULTI_FAMILY - Colonial - WAYNE, PA
Property Size4,573 SF
Lot Size0.40 Acres
Price / SF$273.32
Days on Market136
Property Features for 216 BLOOMINGDALE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
3
Parking features
On Street, Off Street, Garage - Detached
Interior features
Additional Stairway
Elementary school district
RADNOR TOWNSHIP
Middle school district
RADNOR TOWNSHIP
High school district
RADNOR TOWNSHIP
Standard status
Active
Size
4,573 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
14604
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1900
Number of units
1
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Kurfiss Sotheby's International Realty
(610) 229-9011
Listed By:
Lauren Woods · License #RS338248
(201) 753-0379
Added: Mar 19
Changed: Jul 13
Last Checked: Aug 1 at 8:06AM
MLS# PADE2110646
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.
Investment Insights
Based on property information with market context.
This three-unit residential income property is currently configured as three separate units. Unit 1 is a 2-bedroom, 1-bath layout, Unit 2 is a 3-bedroom, 1-bath layout, and Unit 3 is a 2-bedroom, 1-bath layout, for a total building size of 4,573 square feet.
The property is located at 216 Bloomingdale Avenue in Wayne, Pennsylvania, within Delaware County. It sits on a 0.4-acre lot and is offered for sale as a multi-family asset.
For a buyer looking for flexibility, the current configuration provides income as-is, with a stated possibility to convert the home back into a single-family residence after existing leases expire.
The property is located at 216 Bloomingdale Avenue in Wayne, Pennsylvania, within Delaware County. It sits on a 0.4-acre lot and is offered for sale as a multi-family asset.
For a buyer looking for flexibility, the current configuration provides income as-is, with a stated possibility to convert the home back into a single-family residence after existing leases expire.
Key Highlights
- Currently configured as a 3‑unit property: Unit 1 (2BR/1BA), Unit 2 (3BR/1BA), Unit 3 (2BR/1BA)
- Hot water heating and central air conditioning
- Detached garage plus on‑street and off‑street parking
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 | $82.3k | $18.00 |
| − Vacancy | −$10.7k | −$2.34 |
| EGI | $71.6k | $15.66 |
| − OpEx | −$21.5k | −$4.70 |
| NOI | $50.1k | $10.96 |
4,573 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$716.0K
$626.5K – $835.4K
NOI $50,123 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$654.9K
$573.0K – $764.1K
NOI $45,843 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,054 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 19087, PA
33,501
Population
12,829
Households
2.6
Avg Household Size
40
Median Age
78%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$165,451
Median Household Income
$71,234
Median Earnings
$2,130
Median Rent
$693,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct units with two- and three-bedroom layouts totaling 4,573 square feet are available for sale.
Where is this triplex located?
The property is located at 216 BLOOMINGDALE Avenue Wayne, PA.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: Currently configured as a 3‑unit property: Unit 1 (2BR/1BA), Unit 2 (3BR/1BA), Unit 3 (2BR/1BA); Hot water heating and central air conditioning; Detached garage plus on‑street and off‑street parking
