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    221 Chester Pike Glenolden, PA 19036

    For Sale
    $2,400,000

    18-Unit Multi-Family, Fully Leased

    Property size:
    17,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents an 18-unit multi-family property located at 221 S Chester Pike in Glenolden, Pennsylvania. The property boasts a total of 17,000 square feet and comprises a mix of apartment sizes: ten two-bedroom units and eight one-bedroom units. A significant portion of the units have undergone recent renovations and upgrades. The property benefits from a recently installed, completely new electrical system, ensuring efficient and reliable power distribution. Further enhancing operational efficiency are brand new water meters for each unit, providing accurate and individual water usage tracking. All eighteen units feature newly installed toilets, contributing to the overall updated condition of the property. The property is currently fully leased, generating immediate and consistent rental income. A comprehensive tour of the property is scheduled for December 11th at 12:00 PM, providing a firsthand look at this lucrative investment opportunity. This is a rare chance to acquire a well-maintained, income-producing multi-family property in a desirable location. The property's strong occupancy rate and recent upgrades make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture. Don't miss this chance to add a high-performing asset to your portfolio.

    Property Features for 221 Chester Pike

    General Information

    Property type
    Residential income properties
    Square Feet
    17,000 SF

    Building Details

    Year Built
    1970
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenolden
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.29103
    Latitude
    39.89786

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    FAQs

    What type of property is this?
    Residential income property - 18-Unit Multi-Family, Fully Leased
    Where is this residential income property located?
    The property is located at 221 Chester Pike Glenolden, PA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    (610) 359-9700
    Request Owner's contact information
    221 Chester Pike Glenolden, PA 19036
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    Glenolden, PA 19036
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    Realmo Value Estimation

    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.

    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.

    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
    221 Chester Pike Glenolden, PA 19036
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