Quadplex with Detached
For Sale
$645,000
131-133 SAINT CHARLES Street, Drexel Hill, PA 19026
MULTI_FAMILY - Other - DREXEL HILL, PA
Property Size3,614 SF
Lot Size0.39 Acres
Price / SF$178.47
Days on Market396
Property Features for 131-133 SAINT CHARLES Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
10
Parking features
Driveway, Parking Lot, Garage - Detached
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Size
3,614 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Annual Amount
14650
Utilities
Heating system
Radiant
Cooling system
Window Unit(s)
Building Details
Year built
1940
Number of units
4
Building materials
Brick, Stucco, Vinyl Siding
Architectural style
Other
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Jason Polykoff · License #RS356067
(610) 420-5178
Added: Jul 12, 2025
Changed: Jul 29
Last Checked: Aug 11 at 5:06PM
MLS# PADE2094078
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 quadplex is offered as a combined package of two parcels at 131 and 133 Saint Charles Street, with four total rental units and separate utilities. The property includes a rented detached 2-car garage, a large storage shed, and parking consisting of a driveway for 2 cars plus an off-street lot for 4–6 cars.
Built in 1940, the building features brick, stucco, and vinyl siding. Heating is provided by radiant heat, with cooling via window unit(s). Unit interiors have undergone significant improvements over the last few years, including a full roof replacement, sump pit remediation, and notable electrical upgrades across multiple units. 133-B and 133-A received comprehensive interior renovations with kitchen and bathroom remodels, new finishes, and improved insulation.
The property is being sold as-is. A township U&O certificate is the buyer’s responsibility. Sewer inspections have already been completed and both have passed.
Built in 1940, the building features brick, stucco, and vinyl siding. Heating is provided by radiant heat, with cooling via window unit(s). Unit interiors have undergone significant improvements over the last few years, including a full roof replacement, sump pit remediation, and notable electrical upgrades across multiple units. 133-B and 133-A received comprehensive interior renovations with kitchen and bathroom remodels, new finishes, and improved insulation.
The property is being sold as-is. A township U&O certificate is the buyer’s responsibility. Sewer inspections have already been completed and both have passed.
Key Highlights
- Two parcels sold together: 131 & 133 Saint Charles Street
- Four rental units with separate utilities
- Detached 2‑car garage plus large storage shed
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
$39,612
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
6.14%
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%
$792,240
$792.2K
Cap Rate 7%
$565,886
$565.9K
Cap Rate 9%
$440,133
$440.1K
Market Conditions
NOI Build-Up for 3,614 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
$65.1K $18.00/SF
− Vacancy
−$8.5K −$2.34/SF
EGI
$56.6K $15.66/SF
− OpEx
−$17.0K −$4.70/SF
NOI
$39.6K $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%
$792,240
Cap Rate 7%
$565,886
Cap Rate 9%
$440,133
Alternative Uses
Best Use
Multifamily LT 5
$565.9K
$495.2K – $660.2K
NOI $39,612 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$517.6K
$452.9K – $603.8K
NOI $36,229 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.10M
$958.8K – $1.28M
NOI $76,701 @ 7.0% cap · market cap 11.89%
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
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
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?
Quadplex - Two parcels total four units with separate utilities plus a detached 2-car garage and storage shed for added utility.
Where is this quadplex located?
The property is located at 131-133 SAINT CHARLES Street Drexel Hill, PA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two parcels sold together: 131 & 133 Saint Charles Street; Four rental units with separate utilities; Detached 2‑car garage plus large storage shed
