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    Turnkey Multifamily Investment Opportunity Title is generated by Realmo AI

    217 WHITE, Linwood, PA 19061

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    For Sale
    $575,000

    MULTI_FAMILY - Colonial - LINWOOD, PA

    Property size:
    5,100 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $112/SF
    Added:
    May 13, 2026
    Days on Market:
    5
    Last Refresh:
    May 17 at 9:06 am

    Property Features for 217 WHITE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    8
    Parking features
    Driveway, Garage - Detached, On Street
    Standard status
    Active
    Size
    5,100 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10460

    Utilities

    Heating system
    Hot Water(Heating), Other (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1942
    Number of units
    4
    Building materials
    Vinyl Siding, Aluminum Siding
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Michael P Gennett
    Michael P Gennett

    Listing agent Michael P Gennett License #RS212545L

    Listing office Keller Williams Real Estate - Media 1400 N Providence Road unit: Suite 1000, Media, PA

    Listing date May 13, 2026

    MLS# PADE2115394 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

    • Legal 5‑unit multifamily property generating $77,100 gross annual income with an estimated $53,500 NOI and a 9.3% cap rate.
    • Fully occupied, turnkey investment property with stabilized long‑term tenancy and strong in‑place cash flow.
    • Favorable debt‑service coverage characteristics suitable for conventional commercial, DSCR, and multifamily financing.
    • Updated kitchens and bathrooms throughout, newer roof, and newly constructed oversized private deck.
    • Investor‑friendly unit mix: three 1BR units and two 2BR units.
    • Additional income opportunities: on‑site laundry, potential garage/storage rental, parking expansion, and rear‑yard expansion/redevelopment potential.

    Overview

    This is a legal 5-unit commercial multifamily asset. The property generates approximately $77,100 gross annual income with an estimated NOI of approximately $53,500, reflecting an attractive 9.3% cap rate at the asking price. The property features stabilized long-term tenancy and strong in-place cash flow. The unit mix includes three 1BR units and two 2BR units. Recent capital improvements include updated kitchens and bathrooms throughout, a newer roof, and a newly constructed oversized private deck off Unit D. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential subject to buyer's independent zoning and municipal approvals. The property features a 2-car garage, loft storage area, and a large multi-vehicle driveway. The property is situated on a 0.57-acre lot. The building size is 5100 square feet. This is an excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong Delaware County rental market.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $568.1K
    NOI $51,126 @ 9.00% cap · cautious / downside scenario
    Moderate
    $730.4K
    NOI $51,126 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.02M
    NOI $51,126 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $107.7k $21.12
    − Vacancy −$14.8k −$2.89
    EGI $93.0k $18.23
    − OpEx −$41.8k −$8.20
    NOI $51.1k $10.02
    5,100 SF · lease $21.12/SF/yr · vacancy 13.70% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $730.4K
    $639.1K – $852.1K (±1% cap)
    NOI $51,126 @ 7.0% cap · market cap 8.89%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.55M
    $1.35M – $1.80M (±1% cap)
    NOI $108,239 @ 7.0% cap · market cap 18.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Linwood
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.41763
    Latitude
    39.82699

    FAQs

    What type of property is this?
    Apartment building - Fully occupied 5-unit property with strong income and upside.
    Where is this apartment building located?
    The property is located at 217 WHITE Linwood, PA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Legal 5‑unit multifamily property generating $77,100 gross annual income with an estimated $53,500 NOI and a 9.3% cap rate.; **Fully occupied, turnkey investment property with stabilized long‑term tenancy and strong in‑place cash flow.**; Favorable debt‑service coverage characteristics suitable for conventional commercial, DSCR, and multifamily financing.
    (610) 580-6365
    We can help!
    Listing Contact
    Michael P Gennett
    Michael P Gennett
    Real Estate License ID: RS212545L
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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