Detached Three-Unit Colonial
For Sale
$589,000
30 W CHESTER Pike, Ridley Park, PA 19078
Multi-Family, RIDLEY PARK, PA
Property Size3,455 SF
Lot Size0.21 Acres
Price / SF$170.48
Days on Market53
Property Features for 30 W CHESTER Pike
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Driveway
Appliances
Dryer, Washer, Refrigerator
Subdivision
PARKER CONDO
Elementary school district
RIDLEY
Middle school district
RIDLEY
High school district
RIDLEY
Standard status
Active
Size
3,455 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
13118
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1900
Number of units
3
Building materials
Stucco
Architectural style
Colonial
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(610) 363-6006
Listed By:
Lori L Shoemaker · License #RS293638
(610) 574-6487
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 29 at 3:06AM
MLS# PADE2119180
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 detached Colonial triplex contains 3,455 square feet of living space arranged as three separate two-bedroom apartments. The property provides six bedrooms and three full bathrooms in total, with hardwood flooring, bright living areas, and distinct spaces throughout. Stucco construction, hot-water heating, window-unit cooling, and included washers, dryers, and refrigerators add to the existing setup. Driveway parking serves the property.
Built in 1900 on a 0.21-acre parcel, the property is located at 30 W Chester Pike in Ridley Park. Ridley Park Train Station is nearby, while major highways and Philadelphia International Airport are accessible from the area.
Built in 1900 on a 0.21-acre parcel, the property is located at 30 W Chester Pike in Ridley Park. Ridley Park Train Station is nearby, while major highways and Philadelphia International Airport are accessible from the area.
Key Highlights
- Three separate two‑bedroom apartments totaling 6 bedrooms and 3 full bathrooms
- 3,455 square feet of total living space on a 0.21‑acre parcel
- Detached Colonial‑style property built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,869
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,380
$757.4K
Cap Rate 7%
$540,986
$541.0K
Cap Rate 9%
$420,767
$420.8K
Market Conditions
NOI Build-Up for 3,455 SF
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.
Gross rent
$62.2K $18.00/SF
− Vacancy
−$8.1K −$2.34/SF
EGI
$54.1K $15.66/SF
− OpEx
−$16.2K −$4.70/SF
NOI
$37.9K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,380
Cap Rate 7%
$540,986
Cap Rate 9%
$420,767
Alternative Uses
Best Use
Multifamily LT 5
$541.0K
$473.4K – $631.2K
NOI $37,869 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$494.8K
$432.9K – $577.3K
NOI $34,635 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.05M
$916.6K – $1.22M
NOI $73,326 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 19078, PA
11,453
Population
4,969
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
5,727
Density / Sq Mi
$93,456
Median Household Income
$53,377
Median Earnings
$1,318
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Detached Colonial property with three apartments, hardwood floors, driveway parking, and access to regional rail transportation.
Where is this triplex located?
The property is located at 30 W CHESTER Pike Ridley Park, PA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Three separate two‑bedroom apartments totaling 6 bedrooms and 3 full bathrooms; 3,455 square feet of total living space on a 0.21‑acre parcel; Detached Colonial‑style property built in 1900
