Victorian-Style
New
For Sale
$420,000
231 S OAK AVE, Clifton Heights, PA 19018
All three two-bedroom apartments are occupied, and off-street parking serves residents and visitors.
Property Size2,950 SF
Price / SF$142.37
Days on Market5
Property Features for 231 S OAK AVE
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Amenities
wraparound porch
Building Details
Construction
Victorian-style
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 627-6005
Listed By:
Elizabeth R LaPorta
(484) 802-6597
Source:
Sandrasellstheshore
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 3:32PM
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 BHHS Fox & Roach-Center City Walnut
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 2,950-square-foot residential income property contains three two-bedroom apartments. The Victorian-style building includes a wraparound porch and select interior updates. Off-street parking is available for residents and guests, and the sale includes an additional parcel measuring approximately 92 x 66.
Primos Train Station is within walking distance, with train service providing access to Philadelphia and surrounding areas.
Primos Train Station is within walking distance, with train service providing access to Philadelphia and surrounding areas.
Key Highlights
- Three occupied apartments, each with two bedrooms
- 2,950‑square‑foot Victorian‑style triplex with a wraparound porch
- Additional parcel measuring approximately 92 x 66 included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,334
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,680
$646.7K
Cap Rate 7%
$461,914
$461.9K
Cap Rate 9%
$359,267
$359.3K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$53.1K $18.00/SF
− Vacancy
−$6.9K −$2.34/SF
EGI
$46.2K $15.66/SF
− OpEx
−$13.9K −$4.70/SF
NOI
$32.3K $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 Rate 5%
$646,680
Cap Rate 7%
$461,914
Cap Rate 9%
$359,267
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.2K – $538.9K
NOI $32,334 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$422.5K
$369.7K – $492.9K
NOI $29,573 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$894.4K
$782.6K – $1.04M
NOI $62,609 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three two-bedroom apartments are occupied, and off-street parking serves residents and visitors.
Where is this triplex located?
The property is located at 231 S OAK AVE Clifton Heights, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Three occupied apartments, each with two bedrooms; 2,950‑square‑foot Victorian‑style triplex with a wraparound porch; Additional parcel measuring approximately 92 x 66 included
