Colonial Residential Income
225 PILGRIM LANE, Drexel Hill, PA 19026
For Sale
New
$429,000
The home has an attached garage, driveway, and full basement with exterior entry.
Property Size1,856 SF
Price / SF$231.14
Days on Market4
Property Features for 225 PILGRIM LANE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Sidewalks, Street Lights
Ceiling Fan(s), Wall Unit(s), Electric
Natural Gas, Forced Air
Exterior Entry, Full
Gas Range, Gas Oven, Gas Water Heater, Dishwasher, Range Hood, Refrigerator, Disposal
Eat-in Kitchen, Ceiling Fan(s)
On Street, Garage, Driveway, Basement, Attached
Colonial
Building Details
Building Size
Year Built
Listed By:
Tom Toole III
(610) 692-6976
Source:
Evrealestate
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 12 at 7:44AM
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 Tom Toole III
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 1,856-square-foot Colonial residential income property was built in 1948. Its features include an eat-in kitchen, gas range and oven, dishwasher, range hood, refrigerator, and disposal. The home also has a full basement with exterior entry, an attached garage, and a driveway.
The property is zoned RES and is located on Pilgrim Lane in Drexel Hill, Delaware County.
The property is zoned RES and is located on Pilgrim Lane in Drexel Hill, Delaware County.
Key Highlights
- 1,856‑square‑foot Colonial property built in 1948
- Full basement with exterior entry
- Attached garage and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,606
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,120
$372.1K
Cap Rate 7%
$265,800
$265.8K
Cap Rate 9%
$206,733
$206.7K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$39.2K $21.12/SF
− Vacancy
−$5.4K −$2.89/SF
EGI
$33.8K $18.23/SF
− OpEx
−$15.2K −$8.20/SF
NOI
$18.6K $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%
$372,120
Cap Rate 7%
$265,800
Cap Rate 9%
$206,733
Alternative Uses
Best Use
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,606 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.1K
$556.6K – $742.2K
NOI $44,530 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Drexel Hill, PA
Properties on Market for Residential income properties in Drexel Hill
Frequently Asked Questions
What type of property is this?
Residential income property - The home has an attached garage, driveway, and full basement with exterior entry.
Where is this residential income property located?
The property is located at 225 PILGRIM LANE Drexel Hill, PA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,856‑square‑foot Colonial property built in 1948; Full basement with exterior entry; Attached garage and driveway
