Detached Three-Unit
New
For Sale
$589,000
30 W CHESTER PIKE, Ridley Park, PA 19078
Three separate apartments offer flexible layouts for rental occupancy or owner use.
Property Size3,455 SF
Price / SF$170.48
Days on Market5
Property Features for 30 W CHESTER PIKE
General Information
Standard status
Active
Size
3,455 SF
Property subtype
Multi-family
Listing Agency:
Coldwell Banker Realty
(610) 574-6487
Listed By:
Lori L Shoemaker · License #RS293638
(610) 574-6487
Source:
Hostetterrealty
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 5:15PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This detached triplex contains 3,455 square feet of living space arranged as three separate two-bedroom apartments. Across the property, the unit mix provides 6 bedrooms and 3 full bathrooms, with hardwood flooring throughout and bright living areas complemented by dedicated spaces for everyday use.
The property is steps from the Ridley Park Train Station, providing public transportation access into the city. Major highways and Philadelphia International Airport are also readily accessible, adding convenience for residents who commute or travel.
The property is steps from the Ridley Park Train Station, providing public transportation access into the city. Major highways and Philadelphia International Airport are also readily accessible, adding convenience for residents who commute or travel.
Key Highlights
- 3,455 square feet of total living space
- Three separate two‑bedroom units
- 6 bedrooms and 3 full bathrooms
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
$37,869
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
6.43%
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%
$757,380
$757.4K
Cap Rate 7%
$540,986
$541.0K
Cap Rate 9%
$420,767
$420.8K
Market Conditions
NOI Build-Up for 3,455 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
$62.2K $18.00/SF
− Vacancy
−$8.1K −$2.34/SF
EGI
$54.1K $15.66/SF
− OpEx
−$16.2K −$4.70/SF
NOI
$37.9K $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%
$757,380
Cap Rate 7%
$540,986
Cap Rate 9%
$420,767
Alternative Uses
Best Use
Multifamily LT 5
$541.0K
$473.4K – $631.2K
NOI $37,869 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$494.8K
$432.9K – $577.3K
NOI $34,635 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.05M
$916.6K – $1.22M
NOI $73,326 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 19078, PA
11,453
Population
4,969
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
5,727
Density / Sq Mi
$93,456
Median Household Income
$53,377
Median Earnings
$1,318
Median Rent
$244,500
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 separate apartments offer flexible layouts for rental occupancy or owner use.
Where is this triplex located?
The property is located at 30 W CHESTER PIKE Ridley Park, PA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 3,455 square feet of total living space; Three separate two‑bedroom units; 6 bedrooms and 3 full bathrooms
