Triplex with Front
For Sale
$700,000
304 GAYLEY STREET, Media, PA 19063
Three one-bedroom residences offer a multi-unit layout within walking distance of State Street shops, dining, and events.
Property Size2,402 SF
Price / SF$291.42
Days on Market9
Property Features for 304 GAYLEY STREET
General Information
Standard status
Active
Size
2,402 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 892-8300
Listed By:
Donna May Bond · License #RS151350A
(610) 329-1398
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 23 at 8:57AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 2,402-square-foot triplex contains three apartments, each with one bedroom. A front porch adds an outdoor feature to the property, which was built in 1900.
The building is at 304 Gayley Street in Media Borough, within walking distance of State Street shops, restaurants, and events. Media Train Station and access to Rt 476, Rt 1, and I-95 are noted nearby, with Philadelphia International Airport under 20 minutes away.
The building is at 304 Gayley Street in Media Borough, within walking distance of State Street shops, restaurants, and events. Media Train Station and access to Rt 476, Rt 1, and I-95 are noted nearby, with Philadelphia International Airport under 20 minutes away.
Key Highlights
- Three apartments, each with one bedroom
- 2,402 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,328
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,560
$526.6K
Cap Rate 7%
$376,114
$376.1K
Cap Rate 9%
$292,533
$292.5K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$43.2K $18.00/SF
− Vacancy
−$5.6K −$2.34/SF
EGI
$37.6K $15.66/SF
− OpEx
−$11.3K −$4.70/SF
NOI
$26.3K $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%
$526,560
Cap Rate 7%
$376,114
Cap Rate 9%
$292,533
Alternative Uses
Best Use
Multifamily LT 5
$376.1K
$329.1K – $438.8K
NOI $26,328 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$344.0K
$301.0K – $401.3K
NOI $24,079 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$728.3K
$637.2K – $849.6K
NOI $50,978 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,589
Businesses Nearby
Explore this area
Business Placement
Demographics for 19063, PA
38,338
Population
16,128
Households
2.4
Avg Household Size
46
Median Age
60%
College-Educated
97%
High-School Grad
25.1 sq mi
ZIP Area
1,527
Density / Sq Mi
$121,899
Median Household Income
$70,147
Median Earnings
$1,623
Median Rent
$505,500
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?
Triplex - Three one-bedroom residences offer a multi-unit layout within walking distance of State Street shops, dining, and events.
Where is this triplex located?
The property is located at 304 GAYLEY STREET Media, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three apartments, each with one bedroom; 2,402 square feet; Built in 1900
