5-Unit Apartment
New
For Sale
$699,900
220-222 Taylor Avenue, Essington, PA 19029
Four apartments have two bedrooms, complemented by a finished basement efficiency unit.
Property Size4,176 SF
Price / SF$201.35
Days on Market5
Property Features for 220-222 Taylor Avenue
General Information
Standard status
Active
Size
4,176 SF
Total Parking Spaces
2
Zoning
RESID
Units
Unit Mix
4 x 2BR/1BA, 1 x efficiency
Multifamily Units
5
Additional Details
Gross Income
$79,800
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,153
Amenities
Natural Gas
Yes
No
5
Public
R-40
50.00 x 100.00
0.12
Oversized
Estimated
Detached Garage
Block
4176.00
33690.00
2
Building Details
Building Size
4,176 SF
Year Built
1950
Buildings
2
Listing Agency:
CG Realty, LLC
(610) 566-5182
Listed By:
Vincent Michael Memmo
(215) 268-8367
Source:
Jmdiamondrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:43PM
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 CG Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-unit apartment property contains four 2-bedroom, 1-bath apartments and a finished basement efficiency. The building measures 3,476 square feet and was constructed in 1950. Four separate heating systems and four separate water heaters serve the residential units. Zoning is RESID.
A detached two-car garage is included on its own separate 50' x 100' lot. The property is in Essington, near Philadelphia International Airport, I-95, and major employment centers.
A detached two-car garage is included on its own separate 50' x 100' lot. The property is in Essington, near Philadelphia International Airport, I-95, and major employment centers.
Key Highlights
- Five units: four 2‑bedroom, 1‑bath apartments and one finished basement efficiency
- 3,476‑square‑foot building constructed in 1950
- Detached two‑car garage on a separate 50' x 100' lot included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,846
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,920
$696.9K
Cap Rate 7%
$497,800
$497.8K
Cap Rate 9%
$387,178
$387.2K
Market Conditions
NOI Build-Up for 3,476 SF
Gross rent
$73.4K $21.12/SF
− Vacancy
−$10.1K −$2.89/SF
EGI
$63.4K $18.23/SF
− OpEx
−$28.5K −$8.20/SF
NOI
$34.8K $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%
$696,920
Cap Rate 7%
$497,800
Cap Rate 9%
$387,178
Alternative Uses
Best Use
Apartment 5plus
$497.8K
$435.6K – $580.8K
NOI $34,846 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$922.2K – $1.23M
NOI $73,772 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 19029, PA
3,979
Population
1,908
Households
2.1
Avg Household Size
45
Median Age
19%
College-Educated
89%
High-School Grad
2.2 sq mi
ZIP Area
1,809
Density / Sq Mi
$49,966
Median Household Income
$35,219
Median Earnings
$1,340
Median Rent
$186,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four apartments have two bedrooms, complemented by a finished basement efficiency unit.
Where is this apartment building located?
The property is located at 220-222 Taylor Avenue Essington, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Five units: four 2‑bedroom, 1‑bath apartments and one finished basement efficiency; 3,476‑square‑foot building constructed in 1950; Detached two‑car garage on a separate 50' x 100' lot included
