Brick Triplex with
New
For Sale
$299,000
1121 ELMWOOD Avenue, Sharon Hill, PA 19079
Multi-Family, SHARON HILL, PA
Property Size2,024 SF
Lot Size0.08 Acres
Price / SF$147.73
Days on Market3
Property Features for 1121 ELMWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Driveway, On Street, Off Street
Elementary school district
SOUTHEAST DELCO
Middle school district
SOUTHEAST DELCO
High school district
SOUTHEAST DELCO
Standard status
Active
Size
2,024 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4595
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s), Ceiling Fan(s)
Building Details
Year built
1905
Number of units
3
Building materials
Asbestos, Brick
Architectural style
Other
Listing Agency:
Tara Management Services Inc
(215) 985-4855
Listed By:
Evan Charles Streeter · License #RS376703
(215) 859-1184
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 25 at 11:06PM
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.
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 = 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
$22,185
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
7.42%
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%
$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
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
$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 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%
$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 7.42%
Second Best
Apartment 5plus
$289.9K
$253.6K – $338.2K
NOI $20,290 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$613.7K
$537.0K – $715.9K
NOI $42,956 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $299,000.
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
