Triplex with Unfinished
For Sale
$475,000
Pending
238 Plymouth Avenue, Oreland, PA 19075
Three residential units offer varied layouts, off-street parking, and access to a fenced yard with covered patio.
Property Size2,535 SF
Days on Market329
Property Features for 238 Plymouth Avenue
General Information
Standard status
Pending
Size
2,535 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
RES: TRIPLEX
Property Condition
Severity
Repairs Needed
Evidence
add value through updates
Units
Unit Mix
1 x 1BR, 1 x 2BR/1.5BA, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,912
Amenities
fenced-in yard
covered patio
large unfinished basement
off-street parking
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Blue Bell
(215) 327-8416
Listed By:
Mark L Malfara · License #RS280250
(215) 327-8416
Source:
Compass
Added: Oct 9, 2025
Changed: Aug 30
Last Checked: Aug 31 at 10:09PM
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-Blue Bell
Investment Insights
Based on property information with market context.
This triplex at 238 Plymouth Avenue contains three residential units with distinct layouts. The first-floor apartment has one bedroom, while the bi-level second unit includes two bedrooms, 1.5 baths, a living room, and an upper-level family area. The top-floor unit provides two bedrooms along with an open living room and kitchen arrangement. Tenants pay all utilities. The property also includes an unfinished basement with interior access from the second unit, off-street parking, a fenced yard, and a covered patio. Built in 1900 and zoned RES: TRIPLEX, the property is positioned for an investor or owner-occupant seeking a multi-unit residential asset with existing outdoor and storage features.
Key Highlights
- Three‑unit residential property with one‑bedroom, two‑bedroom, and two‑bedroom layouts
- Second‑floor bi‑level unit includes 1.5 baths and an upper‑level family area
- Unfinished basement with interior access from Unit 2
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
$36,833
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
7.75%
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%
$736,660
$736.7K
Cap Rate 7%
$526,186
$526.2K
Cap Rate 9%
$409,256
$409.3K
Market Conditions
NOI Build-Up for 2,535 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
$56.3K $22.20/SF
− Vacancy
−$3.7K −$1.44/SF
EGI
$52.6K $20.76/SF
− OpEx
−$15.8K −$6.23/SF
NOI
$36.8K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /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%
$736,660
Cap Rate 7%
$526,186
Cap Rate 9%
$409,256
Alternative Uses
Best Use
Multifamily LT 5
$526.2K
$460.4K – $613.9K
NOI $36,833 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$489.3K
$428.1K – $570.8K
NOI $34,249 @ 7.0% cap · market cap 7.21%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,071 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 19075, PA
7,698
Population
3,016
Households
2.6
Avg Household Size
41
Median Age
57%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
4,052
Density / Sq Mi
$117,356
Median Household Income
$66,658
Median Earnings
$1,204
Median Rent
$415,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, off-street parking, and access to a fenced yard with covered patio.
Where is this triplex located?
The property is located at 238 Plymouth Avenue Oreland, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit residential property with one‑bedroom, two‑bedroom, and two‑bedroom layouts; Second‑floor bi‑level unit includes 1.5 baths and an upper‑level family area; Unfinished basement with interior access from Unit 2
