Updated Five-Unit Multifamily
For Sale
$575,000
217 White, Linwood, PA 19061
Fully occupied multifamily property with renovated interiors, private deck, garage, laundry, and multiple storage features.
Property Size5,000 SF
Price / SF$115
Days on Market47
Property Features for 217 White
General Information
Standard status
Active
Size
5,000 SF
Occupancy
100%
Net Operating Income
$53,500
Property Condition
Severity
Repairs Needed
Evidence
limited deferred maintenance
Financials
Cap Rate
9.3%
Gross Income
$77,100
Units
Unit Mix
3 x 1BR, 2 x 2BR
Multifamily Units
5
Amenities
on-site laundry
Building Details
Year Built
1942
Listing Agency:
Keller Williams Real Estate - Media
(610) 580-6365
Listed By:
Michael P Gennett · License #RS212545L
Source:
Premierehomegroup
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 28 at 12:43PM
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 Keller Williams Real Estate - Media
Investment Insights
Based on property information with market context.
This legal 5-unit multifamily property at 217 White in Linwood, PA, contains 5,100 square feet and is fully occupied. The unit mix includes three 1BR apartments and two 2BR apartments. Recent improvements include refreshed kitchens and bathrooms throughout, a newer roof, and a newly built oversized private deck serving Unit D. The property also offers a 2-car garage, loft storage, a large multi-vehicle driveway, and on-site laundry.
Additional possibilities include garage or storage rental income, parking expansion, and rear-yard expansion or redevelopment, subject to independent zoning review and municipal approvals. The asset carries a 9.3% cap rate and is positioned as a commercial multifamily property suitable for conventional commercial, DSCR, and multifamily financing consideration. Financials, an offering memorandum, and a rent roll are available upon request.
Additional possibilities include garage or storage rental income, parking expansion, and rear-yard expansion or redevelopment, subject to independent zoning review and municipal approvals. The asset carries a 9.3% cap rate and is positioned as a commercial multifamily property suitable for conventional commercial, DSCR, and multifamily financing consideration. Financials, an offering memorandum, and a rent roll are available upon request.
Key Highlights
- Legal 5‑unit multifamily asset with full occupancy
- 5,100 SF building with three 1BR units and two 2BR units
- 9.3% cap rate
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
$50,123
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
8.72%
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%
$1,002,460
$1.0M
Cap Rate 7%
$716,043
$716.0K
Cap Rate 9%
$556,922
$556.9K
Market Conditions
NOI Build-Up for 5,000 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
$105.6K $21.12/SF
− Vacancy
−$14.5K −$2.89/SF
EGI
$91.1K $18.23/SF
− OpEx
−$41.0K −$8.20/SF
NOI
$50.1K $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 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%
$1,002,460
Cap Rate 7%
$716,043
Cap Rate 9%
$556,922
Alternative Uses
Best Use
Apartment 5plus
$716.0K
$626.5K – $835.4K
NOI $50,123 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,116 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 19061, PA
20,207
Population
8,381
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
92%
High-School Grad
7.0 sq mi
ZIP Area
2,887
Density / Sq Mi
$77,249
Median Household Income
$46,055
Median Earnings
$1,215
Median Rent
$229,700
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?
Apartment building - Fully occupied multifamily property with renovated interiors, private deck, garage, laundry, and multiple storage features.
Where is this apartment building located?
The property is located at 217 White Linwood, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Legal 5‑unit multifamily asset with full occupancy; 5,100 SF building with three 1BR units and two 2BR units; 9.3% cap rate
