Brick
New
For Sale
$374,900
1124 SPRING Street, Sharon Hill, PA 19079
MULTI_FAMILY - Other - SHARON HILL, PA
Property Size1,990 SF
Lot Size0.07 Acres
Price / SF$188.39
Days on Market3
Property Features for 1124 SPRING Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
2
Parking features
On Street, Off Street
Elementary school district
SOUTHEAST DELCO
Middle school district
SOUTHEAST DELCO
High school district
SOUTHEAST DELCO
Standard status
Active
Size
1,990 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5647
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1910
Number of units
1
Building materials
Brick, Shake Siding
Architectural style
Other
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
D Dana Felt · License #RS283076
(610) 308-5929
Added: Aug 4
Last Checked: Aug 6 at 2:06PM
MLS# PADE2120966
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 1,990-square-foot triplex at 1124 Spring Street includes three residential units within a brick and shake-sided building constructed in 1910. The main level is currently unoccupied, while the property also offers a basement, electric baseboard heating, and window-unit cooling. Parking is available both on the street and off street.
The property is located in Sharon Hill, Delaware County, Pennsylvania, near shopping and public transportation. The Borough Police Department is also nearby. The three-unit configuration provides flexibility for an owner occupant or for leasing the full building, as described in the property information.
The property is located in Sharon Hill, Delaware County, Pennsylvania, near shopping and public transportation. The Borough Police Department is also nearby. The three-unit configuration provides flexibility for an owner occupant or for leasing the full building, as described in the property information.
Key Highlights
- 1,990‑square‑foot triplex on a 0.07‑acre lot
- Three‑unit residential income property
- Brick and shake siding; built in 1910
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
$21,812
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
5.82%
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%
$436,240
$436.2K
Cap Rate 7%
$311,600
$311.6K
Cap Rate 9%
$242,356
$242.4K
Market Conditions
NOI Build-Up for 1,990 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
$35.8K $18.00/SF
− Vacancy
−$4.7K −$2.34/SF
EGI
$31.2K $15.66/SF
− OpEx
−$9.3K −$4.70/SF
NOI
$21.8K $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%
$436,240
Cap Rate 7%
$311,600
Cap Rate 9%
$242,356
Alternative Uses
Best Use
Multifamily LT 5
$311.6K
$272.7K – $363.5K
NOI $21,812 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$285.0K
$249.4K – $332.5K
NOI $19,949 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$603.3K
$527.9K – $703.9K
NOI $42,234 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,031
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
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 income property with a basement, electric baseboard heat, and a mix of on- and off-street parking.
Where is this triplex located?
The property is located at 1124 SPRING Street Sharon Hill, PA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1,990‑square‑foot triplex on a 0.07‑acre lot; Three‑unit residential income property; Brick and shake siding; built in 1910
