17-Unit Mixed-Use
New
For Sale
$2,900,000
2120 BELLEMEAD AVENUE, Havertown, PA 19083
Three buildings combine apartments, warehouse space, and offices, with on-site parking.
Property Size10,000 SF
Price / SF$290
Days on Market4
Property Features for 2120 BELLEMEAD AVENUE
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
28
Property subtype
Commercial
Additional Details
Multifamily Units
6
Amenities
coin operated laundry
Building Details
Year Built
1926
Buildings
3
Listing Agency:
Wayne Realty Corporation
Listed By:
Mary K Giovanni · License #RM422141
(610) 687-5280
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 8:46AM
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 Wayne Realty Corporation
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Investment Insights
Based on property information with market context.
The property comprises three buildings with 17 rental units: six residential apartments, six warehouse units, and five offices. The office spaces share a central HVAC system; the other units have individual systems. A coin-operated laundry is located in the basement of the brick building.
The site includes 28 parking spaces. Tenants pay their own gas and electric costs. Built in 1926, the property is located at 2120 Bellemead Avenue in Havertown, Pennsylvania.
The site includes 28 parking spaces. Tenants pay their own gas and electric costs. Built in 1926, the property is located at 2120 Bellemead Avenue in Havertown, Pennsylvania.
Key Highlights
- 17 rental units: 6 apartments, 6 warehouses, and 5 offices across 3 buildings
- 28 parking spaces
- Central HVAC serves the offices; other units have individual systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,600
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,232,000
$2.2M
Cap Rate 7%
$1,594,286
$1.6M
Cap Rate 9%
$1,240,000
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$192.0K $19.20/SF
− Vacancy
−$13.4K −$1.34/SF
EGI
$178.6K $17.86/SF
− OpEx
−$67.0K −$6.70/SF
NOI
$111.6K $11.16/SF
Area
Pittsburgh, PA
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,232,000
Cap Rate 7%
$1,594,286
Cap Rate 9%
$1,240,000
Alternative Uses
Best Use
Mixed Use
$1.59M
$1.40M – $1.86M
NOI $111,600 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,468 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$3.18M
$2.79M – $3.72M
NOI $222,935 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 19083, PA
36,964
Population
13,752
Households
2.7
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
6,601
Density / Sq Mi
$120,233
Median Household Income
$61,467
Median Earnings
$1,386
Median Rent
$424,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine apartments, warehouse space, and offices, with on-site parking.
Where is this mixed-use property located?
The property is located at 2120 BELLEMEAD AVENUE Havertown, PA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 17 rental units: 6 apartments, 6 warehouses, and 5 offices across 3 buildings; 28 parking spaces; Central HVAC serves the offices; other units have individual systems
