Four-Unit Multifamily
For Sale
$384,900
112-114 Pusey Avenue, Collingdale, PA 19023
Fully occupied building with separate utilities for each unit and off-street parking.
Property Size1,482 SF
Price / SF$259.72
Days on Market373
Property Features for 112-114 Pusey Avenue
General Information
Standard status
Active
Size
1,482 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RA32
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,996
Amenities
off-street parking
No
No Pool
Above Grade
Building Details
Year Built
1947
Tenancy
Multi
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Mezilien St. Armand · License #RS344388
(610) 766-7200
Source:
Compass
Added: Aug 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IronValley RE of Lehigh Valley
Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1947 and is located at 112-114 Pusey Avenue in Collingdale, Pennsylvania. The units are currently occupied under month-to-month tenancies, providing an existing rental arrangement. Gas, electric, and water utilities are separately provided for each unit, while off-street parking serves the property.
The property is within Delaware County and the Collingdale Boro MLS area, with RA32 zoning. Transportation access includes a bus stop less than 1 mile away, a metro or subway station 1 to 3 miles away, commuter lots less than 5 miles away, and an airport less than 10 miles away. The property is associated with the Southeast Delco School District and Academy Park High School.
The property is within Delaware County and the Collingdale Boro MLS area, with RA32 zoning. Transportation access includes a bus stop less than 1 mile away, a metro or subway station 1 to 3 miles away, commuter lots less than 5 miles away, and an airport less than 10 miles away. The property is associated with the Southeast Delco School District and Academy Park High School.
Key Highlights
- Four‑unit multifamily property built in 1947
- All units occupied with month‑to‑month tenants
- Separate gas, electric, and water utilities for each unit
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
$16,244
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
4.22%
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%
$324,880
$324.9K
Cap Rate 7%
$232,057
$232.1K
Cap Rate 9%
$180,489
$180.5K
Market Conditions
NOI Build-Up for 1,482 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
$26.7K $18.00/SF
− Vacancy
−$3.5K −$2.34/SF
EGI
$23.2K $15.66/SF
− OpEx
−$7.0K −$4.70/SF
NOI
$16.2K $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%
$324,880
Cap Rate 7%
$232,057
Cap Rate 9%
$180,489
Alternative Uses
Best Use
Multifamily LT 5
$232.1K
$203.1K – $270.7K
NOI $16,244 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$212.2K
$185.7K – $247.6K
NOI $14,856 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$449.3K
$393.2K – $524.2K
NOI $31,453 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
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?
Quadplex - Fully occupied building with separate utilities for each unit and off-street parking.
Where is this quadplex located?
The property is located at 112-114 Pusey Avenue Collingdale, PA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1947; All units occupied with month‑to‑month tenants; Separate gas, electric, and water utilities for each unit
