Three-Unit Multifamily
For Sale
$399,777
2223 Amosland Rd, Holmes, PA 19043
Multifamily property with separate heating, electrical, and gas systems for each unit, plus basement storage and a fenced backyard.
Property Size2,352 SF
Price / SF$169.97
Days on Market42
Property Features for 2223 Amosland Rd
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1928
Buildings
1
Listing Agency:
RE/MAX Hometown Realtors
(215) 313-3777
Listed By:
Richard Shane · License #RS218575L
Source:
Yourchestercountyhomesearch
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 8:03PM
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 RE/MAX Hometown Realtors
Investment Insights
Based on property information with market context.
This 2,352 SF triplex, built in 1928, includes three separate residential units. The third-floor apartment has 1 bedroom and 1 bath, while the second-floor apartment offers 2 bedrooms and 1 bath. The first-floor unit also includes 2 bedrooms and 1 bath, along with access to the fenced backyard and walk-out basement. Two units have long-term tenants, and the first floor may suit an owner occupant or additional resident use.
Each apartment has its own boiler, electrical box, and gas meter. The basement provides storage space and contains the washer and dryer. The property is near I-95, Philadelphia Airport, and Macdade Boulevard, with shopping, restaurants, and public transportation nearby.
Each apartment has its own boiler, electrical box, and gas meter. The basement provides storage space and contains the washer and dryer. The property is near I-95, Philadelphia Airport, and Macdade Boulevard, with shopping, restaurants, and public transportation nearby.
Key Highlights
- Three‑unit multifamily property totaling 2,352 SF
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Built in 1928
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
$25,780
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
6.45%
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%
$515,600
$515.6K
Cap Rate 7%
$368,286
$368.3K
Cap Rate 9%
$286,444
$286.4K
Market Conditions
NOI Build-Up for 2,352 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
$42.3K $18.00/SF
− Vacancy
−$5.5K −$2.34/SF
EGI
$36.8K $15.66/SF
− OpEx
−$11.0K −$4.70/SF
NOI
$25.8K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$515,600
Cap Rate 7%
$368,286
Cap Rate 9%
$286,444
Alternative Uses
Best Use
Multifamily LT 5
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$336.8K
$294.7K – $393.0K
NOI $23,578 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$713.1K
$624.0K – $832.0K
NOI $49,917 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 19043, PA
2,737
Population
1,309
Households
2.1
Avg Household Size
41
Median Age
24%
College-Educated
99%
High-School Grad
0.4 sq mi
ZIP Area
6,843
Density / Sq Mi
$113,494
Median Household Income
$47,778
Median Earnings
$1,171
Median Rent
$249,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with separate heating, electrical, and gas systems for each unit, plus basement storage and a fenced backyard.
Where is this triplex located?
The property is located at 2223 Amosland Rd Holmes, PA.
What is the asking price?
The asking price for this property is $399,777.
What are key features of this property?
This property features: Three‑unit multifamily property totaling 2,352 SF; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Built in 1928
