First-Floor Residential Income
For Sale
$285,000
180 DRUMMERS LANE, Wayne, PA 19087
First-floor unit with a sliding glass door opening to grounds and views across the golf course.
Property Size1,004 SF
Days on Market87
Property Features for 180 DRUMMERS LANE
General Information
Standard status
Active
Size
1,004 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,549
Building Details
Building Size
1,004 SF
Year Built
1970
Listing Agency:
BHHS Fox & Roach Wayne-Devon
Listed By:
Megan A McGowan · License #RS275508
(610) 715-8727
Source:
Lizclarkrealestate
Added: Jul 15
Changed: Oct 8
Last Checked: Oct 7 at 6:24PM
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 BHHS Fox & Roach Wayne-Devon
Investment Insights
Based on property information with market context.
This first-floor two-bedroom, two-bath unit is located in the Silas Deane Building at 180 Drummers Lane in Wayne. A sliding glass door opens toward the grounds, with views across the Glenhardie Country Club's 9-hole golf course. Fresh paint and new carpet are already in place, while the residence remains suited to future owner updates.
The monthly fee includes gas, heat, water, and sewer. Residents may separately join the private club, which offers golf, tennis, and swimming. The property was built in 1970 and is served by Tredyffrin-Easttown Schools.
The monthly fee includes gas, heat, water, and sewer. Residents may separately join the private club, which offers golf, tennis, and swimming. The property was built in 1970 and is served by Tredyffrin-Easttown Schools.
Key Highlights
- Two‑bedroom, two‑bath first‑floor unit
- Views of Glenhardie Country Club's 9‑hole golf course
- Sliding glass door opens to the grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,065
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,300
$201.3K
Cap Rate 7%
$143,786
$143.8K
Cap Rate 9%
$111,833
$111.8K
Market Conditions
NOI Build-Up for 1,004 SF
Gross rent
$21.2K $21.12/SF
− Vacancy
−$2.9K −$2.89/SF
EGI
$18.3K $18.23/SF
− OpEx
−$8.2K −$8.20/SF
NOI
$10.1K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,300
Cap Rate 7%
$143,786
Cap Rate 9%
$111,833
Alternative Uses
Best Use
Apartment 5plus
$143.8K
$125.8K – $167.8K
NOI $10,065 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.4K
$266.4K – $355.1K
NOI $21,308 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 19087, PA
33,501
Population
12,829
Households
2.6
Avg Household Size
40
Median Age
78%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$165,451
Median Household Income
$71,234
Median Earnings
$2,130
Median Rent
$693,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor unit with a sliding glass door opening to grounds and views across the golf course.
Where is this residential income property located?
The property is located at 180 DRUMMERS LANE Wayne, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath first‑floor unit; Views of Glenhardie Country Club's 9‑hole golf course; Sliding glass door opens to the grounds
