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 Market55
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
Listed By:
Kolawole L Ojulari · License #RS285372
(610) 818-5596
Source:
Upgradebymichaud
Added: Aug 23
Changed: Oct 13
Last Checked: Oct 15 at 2:07AM
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
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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 / Yr
$14,536
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
