Triplex with Separate Electric
For Sale
$419,000
310 SYCAMORE AVENUE, Folsom, PA 19033
Triplex for sale in Ridley Schools with separate electric meters for each unit and common area.
Property Size2,206 SF
Price / SF$189.94
Days on Market97
Property Features for 310 SYCAMORE AVENUE
General Information
Standard status
Active
Size
2,206 SF
Property subtype
Triplex
Additional Details
Business Included
No
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1975
Listing Agency:
Century 21 Preferred
(610) 565-8990
Listed By:
Mikhail Zalivchii · License #RS336794
(484) 983-7406
Source:
Cummingsrealtors
Added: Jun 8
Changed: Sep 11
Last Checked: Sep 12 at 6:23AM
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 Century 21 Preferred
Investment Insights
Based on property information with market context.
This for-sale triplex offers three residential units with separate electric meters for each unit and the common area. The rear of the building includes a fire escape serving the upstairs units. The third-floor unit includes a spiral staircase leading to a loft with natural light.
The property is conveniently located just off MacDade Blvd, with easy access to Routes 476 and 95 and public transportation. It is also within walking distance to shopping and dining.
Ready for immediate ownership, the layout supports either an owner-occupied approach or an investor strategy, with the current configuration positioned for straightforward occupancy planning.
The property is conveniently located just off MacDade Blvd, with easy access to Routes 476 and 95 and public transportation. It is also within walking distance to shopping and dining.
Ready for immediate ownership, the layout supports either an owner-occupied approach or an investor strategy, with the current configuration positioned for straightforward occupancy planning.
Key Highlights
- Triplex built in 1975 in Ridley Schools
- Separate electric meters for each unit and the common area
- Third‑floor unit features a spiral staircase to a loft with natural light
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
$24,179
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
5.77%
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%
$483,580
$483.6K
Cap Rate 7%
$345,414
$345.4K
Cap Rate 9%
$268,656
$268.7K
Market Conditions
NOI Build-Up for 2,206 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
$39.7K $18.00/SF
− Vacancy
−$5.2K −$2.34/SF
EGI
$34.5K $15.66/SF
− OpEx
−$10.4K −$4.70/SF
NOI
$24.2K $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%
$483,580
Cap Rate 7%
$345,414
Cap Rate 9%
$268,656
Alternative Uses
Best Use
Multifamily LT 5
$345.4K
$302.2K – $403.0K
NOI $24,179 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$315.9K
$276.4K – $368.6K
NOI $22,114 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$668.8K
$585.2K – $780.3K
NOI $46,819 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 19033, PA
7,798
Population
2,987
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
6,498
Density / Sq Mi
$102,313
Median Household Income
$50,659
Median Earnings
$1,284
Median Rent
$264,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex for sale in Ridley Schools with separate electric meters for each unit and common area.
Where is this triplex located?
The property is located at 310 SYCAMORE AVENUE Folsom, PA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Triplex built in 1975 in Ridley Schools; Separate electric meters for each unit and the common area; Third‑floor unit features a spiral staircase to a loft with natural light
