5-Unit Apartment
For Sale
$575,000
217 WHITE, Linwood, PA 19061
Multi-Family, LINWOOD, PA
Property Size5,100 SF
Lot Size0.57 Acres
Price / SF$112.75
Days on Market109
Property Features for 217 WHITE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
8
Parking features
Garage - Detached, Driveway, On Street
Subdivision
MARSHALL TERRACE
High school
CHICHESTER SENIOR
Elementary school district
CHICHESTER
Middle school district
CHICHESTER
High school district
CHICHESTER
Standard status
Active
Size
5,100 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Annual Amount
10460
Utilities
Heating system
Hot Water(Heating), Other (Heating)
Cooling system
Window Unit(s)
Amenities
on-site laundry
Building Details
Year built
1942
Number of units
4
Building materials
Vinyl Siding, Aluminum Siding
Architectural style
Colonial
Listing Agency:
Keller Williams Real Estate - Media · Keller Williams Realty
(610) 565-1995
Listed By:
Michael P Gennett · License #RS212545L
(610) 580-6365
Added: May 13
Changed: Aug 19
Last Checked: Aug 29 at 4:06AM
MLS# PADE2115394
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5-unit apartment building in Linwood, Pennsylvania, contains three 1-bedroom apartments and two 2-bedroom apartments within approximately 5,100 square feet. The property is fully occupied and includes updated kitchens and bathrooms, a newer roof, and a recently built oversized private deck serving Unit D. A detached 2-car garage, loft storage, large multi-vehicle driveway, and on-street parking provide additional functional features. Construction includes vinyl and aluminum siding, with hot water heating and window-unit cooling. Built in 1942, the Colonial-style property occupies approximately 0.57 acres at 217 White, Linwood, PA 19061. Basement space is also present.
Key Highlights
- 5,100‑square‑foot apartment building on 0.57 acres
- 5 units: three 1BR apartments and two 2BR apartments
- Fully occupied multifamily property
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
$51,126
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
8.89%
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%
$1,022,520
$1.0M
Cap Rate 7%
$730,371
$730.4K
Cap Rate 9%
$568,067
$568.1K
Market Conditions
NOI Build-Up for 5,100 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
$107.7K $21.12/SF
− Vacancy
−$14.8K −$2.89/SF
EGI
$93.0K $18.23/SF
− OpEx
−$41.8K −$8.20/SF
NOI
$51.1K $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%
$1,022,520
Cap Rate 7%
$730,371
Cap Rate 9%
$568,067
Alternative Uses
Best Use
Apartment 5plus
$730.4K
$639.1K – $852.1K
NOI $51,126 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,239 @ 7.0% cap · market cap 18.82%
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 property with refreshed kitchens and baths, a detached garage, and a private oversized deck.
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: 5,100‑square‑foot apartment building on 0.57 acres; 5 units: three 1BR apartments and two 2BR apartments; Fully occupied multifamily property
