Brick Triplex with
1121 ELMWOOD Avenue, Sharon Hill, PA 19079
For Sale
$295,000
Multi-Family, SHARON HILL, PA
Property Size2,024 SF
Lot Size0.08 Acres
Price / SF$145.75
Days on Market49
Property Features for 1121 ELMWOOD Avenue
General Information
Property type
Property subtype
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Tara Management Services Inc
(215) 985-4855
Listed By:
Evan Charles Streeter · License PA RS376703
(215) 859-1184
Added: Sep 23
Changed: Nov 5
Last Checked: Nov 10 at 1:06AM
MLS# PADE2124490
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.
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Investment Insights
Based on property information with market context.
This 1905 brick triplex contains 2,024 square feet and is configured as three residential units. Two units are tenant-occupied, while the seller currently occupies the third. A full basement provides additional storage or future-use space. The property sits on a 0.08-acre lot and includes forced-air heating, ceiling fans, and window-unit cooling.
Parking is available through a combination of driveway, off-street, and on-street spaces. The property is located at 1121 Elmwood Avenue in Sharon Hill, Pennsylvania, within Delaware County. The building is a semi-detached brick structure with no HOA fees.
Parking is available through a combination of driveway, off-street, and on-street spaces. The property is located at 1121 Elmwood Avenue in Sharon Hill, Pennsylvania, within Delaware County. The building is a semi-detached brick structure with no HOA fees.
Key Highlights
- Three‑unit property with 2,024 square feet
- Two units are tenant‑occupied; seller occupies the third
- Full basement for storage or future use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,185
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,700
$443.7K
Cap Rate 7%
$316,929
$316.9K
Cap Rate 9%
$246,500
$246.5K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$36.4K $18.00/SF
− Vacancy
−$4.7K −$2.34/SF
EGI
$31.7K $15.66/SF
− OpEx
−$9.5K −$4.70/SF
NOI
$22.2K $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 Rate 5%
$443,700
Cap Rate 7%
$316,929
Cap Rate 9%
$246,500
Alternative Uses
Best Use
Multifamily LT 5
$316.9K
$277.3K – $369.8K
NOI $22,185 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$289.9K
$253.6K – $338.2K
NOI $20,290 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$693.7K
$607.0K – $809.3K
NOI $48,560 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
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Business Placement
Demographics for 19079, PA
9,371
Population
3,577
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
1.6 sq mi
ZIP Area
5,857
Density / Sq Mi
$57,002
Median Household Income
$39,926
Median Earnings
$1,212
Median Rent
$159,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Delaware County, PA
Properties on Market for Triplexes in Delaware County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with existing occupancy, flexible parking, and additional basement storage space.
Where is this triplex located?
The property is located at 1121 ELMWOOD Avenue Sharon Hill, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three‑unit property with 2,024 square feet; Two units are tenant‑occupied; seller occupies the third; Full basement for storage or future use
