Mixed-Use Residential and Dental
1231 DREXEL Avenue Drexel Hill, PA 19026
For Sale
Under Contract
$920,000
MULTI_FAMILY - Colonial - DREXEL HILL, PA
Property Size5,189 SF
Lot Size0.28 Acres
Price / SF$177.30
Days on Market46
Property Features for 1231 DREXEL Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking
- 12
- Parking features
- Driveway
- Interior features
- Bathroom - Tub Shower, Carpet, Floor Plan - Open, Combination Dining/Living
- Appliances
- Stove
- Standard status
- Active Under Contract
- Size
- 5,189 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 28445
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1950
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Colonial
Listing Agency:
Coldwell Banker Realty
(610) 566-1100
Listed By:
Christopher M McGarry · License #RS276586
(610) 742-1948
Added: Jun 9
Changed: Jul 13
Last Checked: Jul 24 at 3:06PM
MLS# PADE2117074
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.
The property at 1231-33 Drexel Ave consists of four residential apartments and an occupied commercial dental office, creating a mixed-use rental profile under one roof. The residential units are described as well maintained and each includes a spacious living room, dining room, kitchen, two bedrooms, and a full bathroom with a tub/shower combination. A large rear parking lot provides off-street parking intended for residents, patients, and staff. The property is being sold As-Is, and financial information, leases, and expense documentation are available to qualified buyers.
The building is located in Drexel Hill, Pennsylvania in Delaware County. The public remarks note convenience to shopping, restaurants, public transportation, and major roadways.
For buyers or operators seeking a mixed-use setup, the presence of an established, tenant-occupied dental office supports day-to-day commercial occupancy within the same asset as the four apartments. The offering materials also describe currently projected annual gross income and NOI, along with scheduled rent increases beginning July 2026 that are expected to increase gross income and NOI. Buyers should independently verify income, expenses, leases, zoning, and intended property use as part of their due diligence.
The building is located in Drexel Hill, Pennsylvania in Delaware County. The public remarks note convenience to shopping, restaurants, public transportation, and major roadways.
For buyers or operators seeking a mixed-use setup, the presence of an established, tenant-occupied dental office supports day-to-day commercial occupancy within the same asset as the four apartments. The offering materials also describe currently projected annual gross income and NOI, along with scheduled rent increases beginning July 2026 that are expected to increase gross income and NOI. Buyers should independently verify income, expenses, leases, zoning, and intended property use as part of their due diligence.
Key Highlights
- Mixed‑use property in Drexel Hill with 4 residential apartments plus an occupied commercial dental office
- Annual gross income of approximately $114,312 currently; scheduled increases projected to approximately $118,577 beginning July 2026
- Estimated Net Operating Income (NOI) of approximately $65,429 currently; projected to increase to approximately $69,694 annually
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.9k | $25.80 |
| − Vacancy | −$10.6k | −$2.04 |
| EGI | $123.3k | $23.76 |
| − OpEx | −$49.3k | −$9.50 |
| NOI | $74.0k | $14.26 |
5,189 SF · lease $25.80/SF/yr · vacancy 7.90% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.06M – $1.42M
NOI $85,071 @ 7.0% cap · market cap 9.25%
Second Best
Healthcare Medical
$1.06M
$924.8K – $1.23M
NOI $73,980 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,128 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four residential apartments plus a tenant-occupied dental office, complemented by a large rear parking lot for off-street access.
Where is this quadplex located?
The property is located at 1231 DREXEL Avenue Drexel Hill, PA.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Mixed‑use property in Drexel Hill with 4 residential apartments plus an occupied commercial dental office; Annual gross income of approximately $114,312 currently; scheduled increases projected to approximately $118,577 beginning July 2026; Estimated Net Operating Income (NOI) of approximately $65,429 currently; projected to increase to approximately $69,694 annually
