Turnkey Multifamily Investment
217 White Linwood, PA 19061
217 White, Linwood, PA, 19061
$575,000
For Sale
$575,000
Fully occupied 5-unit property with strong income and growth potential.
Property Size5,100 SF
Price / SF$112.75
Days on Market89
Property Features for 217 White
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1942
Listing Agency
Keller Williams Real Estate - Media
(610) 580-6365
Listed by
Michael P Gennett · License #RS212545L
(610) 580-6365
Source
Compass
Added: Apr 20 Checked: Jul 17 at 5:36 am
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 is a 5-unit multifamily asset. The property generates approximately $77,100 gross annual income with an estimated NOI of approximately $53,500, reflecting an attractive 9.3% cap rate at the asking price. The property features stabilized long-term tenancy and strong in-place cash flow. The unit mix includes three 1BR units and two 2BR units. Recent capital improvements include updated kitchens and bathrooms throughout, a newer roof, and a newly constructed oversized private deck off Unit D. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential, subject to approvals. The property features a 2-car garage, loft storage area, and a large multi-vehicle driveway. It is located in Lower Chichester Township, Delaware County. The property is positioned as an excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong rental market. The property size is 5100 square feet.
Key Highlights
- Fully occupied, turnkey 5‑unit multifamily asset generating approximately $77,100 gross annual income with an attractive 9.3% cap rate.
- Strong in‑place cash flow and favorable debt‑service coverage characteristics.
- Extensive recent capital improvements, including updated kitchens and bathrooms, a newer roof, and a newly constructed oversized private deck.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.7k | $21.12 |
| − Vacancy | −$14.8k | −$2.89 |
| EGI | $93.0k | $18.23 |
| − OpEx | −$41.8k | −$8.20 |
| NOI | $51.1k | $10.02 |
5,100 SF · lease $21.12/SF/yr · vacancy 13.70% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied 5-unit property with strong income and growth potential.
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: Fully occupied, turnkey 5‑unit multifamily asset generating approximately $77,100 gross annual income with an attractive 9.3% cap rate.; Strong in‑place cash flow and favorable debt‑service coverage characteristics.; Extensive recent capital improvements, including updated kitchens and bathrooms, a newer roof, and a **newly constructed oversized private deck**.
