678 FERNE Boulevard Drexel Hill, PA 19026
MULTI_FAMILY - Colonial - DREXEL HILL, PA
Property Features for 678 FERNE Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 10
- Parking features
- On Street, Driveway, Parking Lot
- Standard status
- Active
- Size
- 5,400 SF
Taxes and HOA fees
- Tax Annual Amount
- 24058
Utilities
- Heating system
- Radiant
- Cooling system
- Central Air
Building Details
- Year built
- 1936
- Number of units
- 1
- Architectural style
- Colonial
Listing agent Michael Mulholland License #RS277114 (484) 222-8804
Listing office Long & Foster Real Estate, Inc. 1109 W Baltimore Pike unit: E, Media, PA (610) 892-8300
Listing date Jul 13, 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.
Investment Insights
Based on property information with market context.
The attached office portion is designed for professional use and includes 10 total offices, 2.5 bathrooms, a conference room, a break room, a reception area, and parking for 10+ vehicles. The slate roof with copper gutters and basement waterproofing with a French drain were completed in 2005, with a renovated kitchen in 2025 and new bathroom surrounds in 2026. The property sits at the corner of Burmont Rd. and Ferne Blvd and is within walking distance to public transportation, with short drives to I476, I95, Rt. 1, Rt. 3, Philadelphia, the Main Line, West Chester, and King of Prussia.
Key Highlights
- Mixed‑use property at the corner of Burmont Rd. & Ferne Blvd: 3‑story 3,700 SF residential plus attached 1,700 SF professional office addition
- Over 10 offices for the office space, with reception area, conference room, break room, 2.5 bathrooms, and parking for 10+ cars
- Residential highlights include renovated eat‑in kitchen, covered front entry, center hall foyer, formal dining room, and enclosed side porch
Local Financial Insights For Apartment 5plus
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 | $114.0k | $21.12 |
| − Vacancy | −$15.6k | −$2.89 |
| EGI | $98.4k | $18.23 |
| − OpEx | −$44.3k | −$8.20 |
| NOI | $54.1k | $10.02 |
