Renovated Quadplex with
For Sale
$645,000
131 131-133 Saint Charles St, Drexel Hill, PA 19026
Four-unit residential income property with separate utilities, a detached garage, and updated building systems.
Property Size3,614 SF
Price / SF$178.47
Days on Market84
Property Features for 131 131-133 Saint Charles St
General Information
Standard status
Active
Size
3,614 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$76,500
Utilities to Site
Yes
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Jason Polykoff · License #RS356067
(610) 420-5178
Source:
Kathywolfgang
Added: Jul 25
Changed: Oct 11
Last Checked: Oct 15 at 4:30AM
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 Keller Williams Realty Devon-Wayne
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Investment Insights
Based on property information with market context.
This 3,614-square-foot quadplex includes four residential units across two parcels at 131 and 133 Saint Charles. The unit mix consists of two one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment, each with one bathroom. Separate utilities serve the units. The property also includes a detached two-car garage, a large storage shed, a driveway for two vehicles, and an off-street lot accommodating 4-6 cars.
Major work completed over the last few years includes a full roof replacement, sump pit remediation, electrical improvements in multiple units, and interior renovations in Units 133-A and 133-B. Those interior updates included kitchen and bathroom remodels, new finishes, and improved insulation. Two units are on month-to-month leases. The property is being sold as-is; sewer inspections have passed, and the buyer is responsible for the township U&O certificate. Built in 1940.
Major work completed over the last few years includes a full roof replacement, sump pit remediation, electrical improvements in multiple units, and interior renovations in Units 133-A and 133-B. Those interior updates included kitchen and bathroom remodels, new finishes, and improved insulation. Two units are on month-to-month leases. The property is being sold as-is; sewer inspections have passed, and the buyer is responsible for the township U&O certificate. Built in 1940.
Key Highlights
- Four‑unit property spanning two parcels at 131 and 133 Saint Charles
- 3,614 SF quadplex with two 1‑bedroom, one 2‑bedroom, and one 3‑bedroom unit
- Separate utilities for the residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,612
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with separate utilities, a detached garage, and updated building systems.
Where is this quadplex located?
The property is located at 131 131-133 Saint Charles St 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: Four‑unit property spanning two parcels at 131 and 133 Saint Charles; 3,614 SF quadplex with two 1‑bedroom, one 2‑bedroom, and one 3‑bedroom unit; Separate utilities for the residential units
