Four-Unit Apartment
28-30 West Greenwood Avenue Lansdowne, PA 19050
28-30 West Greenwood Avenue, Lansdowne, PA, 19050
$575,000
Pending
For Sale
$575,000
Pending
Four spacious two-bedroom units with off-street parking and tenant-paid utilities except water.
Property Size3,340 SF
Days on Market17
Property Features for 28-30 West Greenwood Avenue
General Information
- Standard status
- Pending
- Size
- 3,340 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Main Line
(610) 405-7568
Listed by
John M Carpenter Jr. · License #RS226501L
(610) 405-7568
Source
Compass
Added: Jul 7 Updated: Jul 22 at 7:53PM Checked: Jul 22 at 7:53PM
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.
This four-unit apartment building offers four spacious two-bedroom apartments. Off-street parking is provided for six or more vehicles. Tenant-paid utilities cover all utilities except water, which helps keep owner expenses controlled.
The property is located in Lansdowne Borough, only a few blocks from the SEPTA Regional Rail station on the Media/Wawa Line. It is also within walking distance of Lansdowne’s business district, including shopping, several new restaurants, and the restored Lansdowne Theater.
As a residential income property, the building is configured as a four-unit rental with a practical parking setup and a utility arrangement where tenants pay most expenses beyond water.
The property is located in Lansdowne Borough, only a few blocks from the SEPTA Regional Rail station on the Media/Wawa Line. It is also within walking distance of Lansdowne’s business district, including shopping, several new restaurants, and the restored Lansdowne Theater.
As a residential income property, the building is configured as a four-unit rental with a practical parking setup and a utility arrangement where tenants pay most expenses beyond water.
Key Highlights
- Four‑unit apartment building with four spacious 2‑bedroom apartments
- Off‑street parking for 6+ vehicles
- Tenants pay all utilities except water, helping keep owner expenses lower
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
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four spacious two-bedroom units with off-street parking and tenant-paid utilities except water.
Where is this quadplex located?
The property is located at 28-30 West 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 spacious 2‑bedroom apartments; Off‑street parking for 6+ vehicles; Tenants pay all utilities except water, helping keep owner expenses lower
