Lansdowne Multifamily Property for
319 East Essex Avenue Lansdowne, PA 19050
319 East Essex Avenue, Lansdowne, PA, 19050
$195,000
For Sale
$195,000
Multifamily property in Lansdowne, PA, approximately 1,440 square feet.
Property Size1,440 SF
Price / SF$135.42
Days on Market681
Property Features for 319 East Essex Avenue
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing Agency
EXIT Elevate Realty
(631) 312-3339
Listed by
Todd Jacobs · License #RSR004076
(631) 312-3339
Source
Compass
Added: Sep 5, 2024 Checked: Jul 17 at 5:22 am
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 EXIT Elevate Realty
Investment Insights
Based on property information with market context.
Located in Lansdowne, Pennsylvania, this multifamily property offers an opportunity for residential income. Situated within Upper Darby Township, the property is part of the Upper Darby School District. The property provides approximately 1,440 square feet of space.
Key Highlights
- Located in Upper Darby Township (Delaware County)
- School District: Upper Darby
- Built in 1930
Local Financial Insights For Apartment 5plus
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 | $30.4k | $21.12 |
| − Vacancy | −$4.2k | −$2.89 |
| EGI | $26.2k | $18.23 |
| − OpEx | −$11.8k | −$8.20 |
| NOI | $14.4k | $10.02 |
1,440 SF · lease $21.12/SF/yr · vacancy 13.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,435 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.6K
$382.0K – $509.4K
NOI $30,562 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property in Lansdowne, PA, approximately 1,440 square feet.
Where is this multifamily property located?
The property is located at 319 East Essex Avenue Lansdowne, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Located in Upper Darby Township (Delaware County); School District: Upper Darby; Built in 1930
