Four-Unit Multifamily
New
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 Market5
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 2
Changed: Sep 5
Last Checked: Sep 6 at 7:14AM
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
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 = 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
$36,828
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
5.67%
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%
$736,560
$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
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
$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 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%
$736,560
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
