Brick Multifamily Property with
For Sale
$350,000
201 McKinley Ave, Lansdowne, PA 19050
Studio layout, full basement, and parking for three vehicles support residential use and storage.
Property Size1,450 SF
Price / SF$241.38
Days on Market9
Property Features for 201 McKinley Ave
General Information
Standard status
Active
Size
1,450 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1956
Construction
brick and concrete
Listing Agency:
Whitney Sims Realty LLC
(610) 818-5596
Listed By:
Kolawole L Ojulari · License #RS285372
Source:
Upgradebymichaud
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 30 at 8:34PM
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 Whitney Sims Realty LLC
Investment Insights
Based on property information with market context.
This 1,450-square-foot multifamily property was built in 1956 with brick and concrete construction. The interior includes a studio layout, hardwood flooring, double-hung windows, and a bathroom with a tub shower. The kitchen is fitted with a gas oven/range and refrigerator. A full basement with an outside entrance provides additional storage space.
Exterior features include lighting, sidewalks, a crushed-stone driveway, and a detached garage sized for three vehicles. The property is located at 201 McKinley Ave in Lansdowne, Pennsylvania, within 10 miles of the airport and less than one mile from public transportation.
Exterior features include lighting, sidewalks, a crushed-stone driveway, and a detached garage sized for three vehicles. The property is located at 201 McKinley Ave in Lansdowne, Pennsylvania, within 10 miles of the airport and less than one mile from public transportation.
Key Highlights
- 1,450‑square‑foot multifamily property built in 1956
- Brick and concrete construction with hardwood flooring
- Studio layout with tub‑shower bathroom
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
$14,536
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
4.15%
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%
$290,720
$290.7K
Cap Rate 7%
$207,657
$207.7K
Cap Rate 9%
$161,511
$161.5K
Market Conditions
NOI Build-Up for 1,450 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
$30.6K $21.12/SF
− Vacancy
−$4.2K −$2.89/SF
EGI
$26.4K $18.23/SF
− OpEx
−$11.9K −$8.20/SF
NOI
$14.5K $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 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%
$290,720
Cap Rate 7%
$207,657
Cap Rate 9%
$161,511
Alternative Uses
Best Use
Apartment 5plus
$207.7K
$181.7K – $242.3K
NOI $14,536 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.6K
$384.7K – $512.9K
NOI $30,774 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Studio layout, full basement, and parking for three vehicles support residential use and storage.
Where is this multifamily property located?
The property is located at 201 McKinley Ave Lansdowne, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,450‑square‑foot multifamily property built in 1956; Brick and concrete construction with hardwood flooring; Studio layout with tub‑shower bathroom
