Triplex with Covered Front
New
For Sale
$700,000
304 GAYLEY Street, Media, PA 19063
Multi-Family, MEDIA, PA
Property Size2,402 SF
Lot Size0.07 Acres
Price / SF$291.42
Days on Market2
Property Features for 304 GAYLEY Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Fireplace
1
Elementary school
MEDIA
Middle school
SPRINGTON LAKE
High school
PENNCREST
Elementary school district
ROSE TREE MEDIA
Middle school district
ROSE TREE MEDIA
High school district
ROSE TREE MEDIA
Standard status
Active
Size
2,402 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10169
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 892-8300
Listed By:
Donna May Bond · License #RS151350A
(610) 329-1398
Added: Oct 15
Last Checked: Oct 16 at 4:06PM
MLS# PADE2125836
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.
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Investment Insights
Based on property information with market context.
This 2,402-square-foot brick triplex contains three one-bedroom apartments. Built in 1900, the property includes a front porch, fireplace, basement, hot-water heating, and on-street parking. The lot measures 0.07 acres.
The property is walkable to shops, dining, and events on State Street. Media Train Station and access to Rt 476, Rt 1, and I-95 are nearby, with PHL airport under 20 minutes away. Barrall Field, tennis courts, playgrounds, and Media Elementary School are also in the area.
The property is walkable to shops, dining, and events on State Street. Media Train Station and access to Rt 476, Rt 1, and I-95 are nearby, with PHL airport under 20 minutes away. Barrall Field, tennis courts, playgrounds, and Media Elementary School are also in the area.
Key Highlights
- Three one‑bedroom apartments in a 2,402‑square‑foot building
- 0.07‑acre lot; brick construction
- Built in 1900; includes a fireplace, basement, and hot‑water heating
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Brick construction, a fireplace, and basement space add character to this three-apartment property.
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 one‑bedroom apartments in a 2,402‑square‑foot building; 0.07‑acre lot; brick construction; Built in 1900; includes a fireplace, basement, and hot‑water heating
