Triplex with Vacant Owner-Occupant
New
For Sale
$395,000
16 WINDSOR AVENUE, Upper Darby, PA 19082
Three residential units include a private-entry one-bedroom apartment and two leased units with established occupancy.
Property Size2,506 SF
Price / SF$157.62
Days on Market3
Property Features for 16 WINDSOR AVENUE
General Information
Standard status
Active
Size
2,506 SF
Total Parking Spaces
1
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA, 1 x 4BR/1BA
Multifamily Units
3
Building Details
Year Built
1915
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Rayma Abdallah
(610) 470-7559
Source:
Cummingsrealtors
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 9:40PM
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 KW Empower
Investment Insights
Based on property information with market context.
This 2,506-square-foot triplex, built in 1915, includes three residential units. The first unit has one bedroom, one full bathroom, a private entrance, and is vacant. The second unit provides one bedroom and one full bathroom, while the third offers four bedrooms and one full bathroom. Units 2 and 3 are currently leased, and the backyard shed is also rented separately. Parking includes a private driveway with room for one vehicle, along with additional street parking.
Interior details include original oak flooring with inlaid borders, bay windows, traditional wood doors, vintage hardware, exposed radiators, and baseboard heating. Upper-level areas add sloped ceilings, built-in shelving, and eaves storage. The property is located in Upper Darby Township near SEPTA service, including the 69th Street Transportation Center, with shopping, dining, parks, fitness facilities, and daily conveniences nearby. West Chester Pike, Route 1, I-476, and I-95 provide regional access.
Interior details include original oak flooring with inlaid borders, bay windows, traditional wood doors, vintage hardware, exposed radiators, and baseboard heating. Upper-level areas add sloped ceilings, built-in shelving, and eaves storage. The property is located in Upper Darby Township near SEPTA service, including the 69th Street Transportation Center, with shopping, dining, parks, fitness facilities, and daily conveniences nearby. West Chester Pike, Route 1, I-476, and I-95 provide regional access.
Key Highlights
- 2,506‑square‑foot triplex built in 1915
- Three units; Unit 1 is vacant with a private entrance
- Unit 1 has 1 bedroom and 1 full bath
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
$27,468
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
6.95%
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%
$549,360
$549.4K
Cap Rate 7%
$392,400
$392.4K
Cap Rate 9%
$305,200
$305.2K
Market Conditions
NOI Build-Up for 2,506 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
$45.1K $18.00/SF
− Vacancy
−$5.9K −$2.34/SF
EGI
$39.2K $15.66/SF
− OpEx
−$11.8K −$4.70/SF
NOI
$27.5K $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%
$549,360
Cap Rate 7%
$392,400
Cap Rate 9%
$305,200
Alternative Uses
Best Use
Multifamily LT 5
$392.4K
$343.4K – $457.8K
NOI $27,468 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$358.9K
$314.0K – $418.7K
NOI $25,122 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$759.8K
$664.8K – $886.4K
NOI $53,186 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
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 residential units include a private-entry one-bedroom apartment and two leased units with established occupancy.
Where is this triplex located?
The property is located at 16 WINDSOR AVENUE Upper Darby, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,506‑square‑foot triplex built in 1915; Three units; Unit 1 is vacant with a private entrance; Unit 1 has 1 bedroom and 1 full bath
