Four-Unit Apartment
28-30 W GREENWOOD Avenue Lansdowne, PA 19050
28-30 W GREENWOOD Avenue, Lansdowne, PA, 19050
$575,000
For Sale
Under Contract
$575,000
MULTI_FAMILY - Victorian - LANSDOWNE, PA
Property Size3,340 SF
Lot Size0.22 Acres
Price / SF$172.16
Days on Market11
Property Features for 28-30 W GREENWOOD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- Parking Lot
- Standard status
- Active Under Contract
- Size
- 3,340 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7595
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Frame, Masonry
- Architectural style
- Victorian
Listing Agency
Keller Williams Main Line
(610) 520-0100
6 Coulter Avenue unit: 2, Ardmore, PA
Listed by
John M Carpenter Jr. · License #RS226501L
(610) 405-7568
Added: Jul 7 Checked: Jul 17 at 7:06 pm
MLS# PADE2118912
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit apartment building offers four spacious two-bedroom apartments. Off-street parking is available for six or more vehicles, and tenants pay all utilities except water.
Located in Lansdowne Borough, the property is within walking distance of the business district and a few blocks from the SEPTA Regional Rail station on the Media/Wawa Line. The area includes shopping, several restaurants, and the restored Lansdowne Theater.
The building is offered for sale as a residential income property in Delaware County, PA.
Located in Lansdowne Borough, the property is within walking distance of the business district and a few blocks from the SEPTA Regional Rail station on the Media/Wawa Line. The area includes shopping, several restaurants, and the restored Lansdowne Theater.
The building is offered for sale as a residential income property in Delaware County, PA.
Key Highlights
- Four‑unit apartment building with four 2‑bedroom apartments
- Off‑street parking for 6+ vehicles
- Tenants pay all utilities except water
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.1k | $18.00 |
| − Vacancy | −$7.8k | −$2.34 |
| EGI | $52.3k | $15.66 |
| − OpEx | −$15.7k | −$4.70 |
| NOI | $36.6k | $10.96 |
3,340 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$523.0K
$457.6K – $610.2K
NOI $36,609 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$478.3K
$418.5K – $558.0K
NOI $33,482 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.01M
$886.1K – $1.18M
NOI $70,886 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four two-bedroom apartments with off-street parking and tenant-paid utilities except water.
Where is this quadplex located?
The property is located at 28-30 W GREENWOOD Avenue Lansdowne, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑unit apartment building with four 2‑bedroom apartments; Off‑street parking for 6+ vehicles; Tenants pay all utilities except water
