Four-Unit Multifamily
For Sale
$650,000
2626-32 PARKSIDE TERRACE, Brookhaven, PA 19015
Two-bedroom units, three currently occupied and one vacant, support both rental operations and owner-occupancy flexibility.
Property Size3,360 SF
Price / SF$193.45
Days on Market51
Property Features for 2626-32 PARKSIDE TERRACE
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$52,620
Building Details
Year Built
1965
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Carson Merine · License #RS330645
(717) 321-3641
Source:
Cummingsrealtors
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 23 at 7:51AM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
Located at 2626-32 Parkside Terrace in Brookhaven, Pennsylvania, this 1965 quadplex contains four residential units. Each unit has two bedrooms and one full bathroom. Three units are occupied, while the fourth is vacant, combining established rental activity with an immediately available residence. The property’s configuration accommodates leasing all four units or occupying one unit while renting the others. The vacant unit was previously leased and is currently being marketed for lease, while the other three units remain occupied.
Key Highlights
- Four‑unit multifamily property
- Each unit includes 2 bedrooms and 1 full bathroom
- Three units occupied; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,828
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,560
$736.6K
Cap Rate 7%
$526,114
$526.1K
Cap Rate 9%
$409,200
$409.2K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$60.5K $18.00/SF
− Vacancy
−$7.9K −$2.34/SF
EGI
$52.6K $15.66/SF
− OpEx
−$15.8K −$4.70/SF
NOI
$36.8K $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 Rate 5%
$736,560
Cap Rate 7%
$526,114
Cap Rate 9%
$409,200
Alternative Uses
Best Use
Multifamily LT 5
$526.1K
$460.4K – $613.8K
NOI $36,828 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$481.2K
$421.0K – $561.4K
NOI $33,683 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.02M
$891.4K – $1.19M
NOI $71,310 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
Explore this area
Business Placement
Demographics for 19015, PA
16,260
Population
7,160
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
2.9 sq mi
ZIP Area
5,607
Density / Sq Mi
$84,783
Median Household Income
$49,480
Median Earnings
$1,170
Median Rent
$232,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-bedroom units, three currently occupied and one vacant, support both rental operations and owner-occupancy flexibility.
Where is this quadplex located?
The property is located at 2626-32 PARKSIDE TERRACE Brookhaven, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Each unit includes 2 bedrooms and 1 full bathroom; Three units occupied; one unit vacant
