Four-Unit Residential Income
315 North Swarthmore Avenue Ridley Park, PA 19078
315 North Swarthmore Avenue, Ridley Park, PA, 19078
$625,000
For Sale
$625,000
Four-unit multifamily with basement laundry and resident parking, offered for sale in Ridley Park.
Property Size3,102 SF
Price / SF$201.48
Days on Market112
Property Features for 315 North Swarthmore Avenue
General Information
- Standard status
- Active
- Size
- 3,102 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agency
BHHS Fox & Roach-Media
(610) 608-7459
Listed by
Heidi Foggo
(610) 608-7459
Source
Compass
Added: Apr 2 Updated: Jul 22 at 7:17AM Checked: Jul 22 at 7:17AM
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 BHHS Fox & Roach-Media
Investment Insights
Based on property information with market context.
This four-unit residential income property includes two-bedroom and one-bedroom configurations across the units. Unit 1 is a 2BR/2BA with a living room and kitchen. Units 2A and 2B each offer 1BR/1BA with living room space, and Unit 3 provides 2BR/1BA with a living room. The building has laundry located in the basement and offers parking for residents.
The property is located on North Swarthmore Avenue in Ridley Park, Delaware County. Public remarks note proximity to the rail line into Philadelphia, parks, the downtown area of Ridley Park, and nearby shopping centers.
Showings are permitted only on Thursdays and Fridays out of respect for tenants.
The property is located on North Swarthmore Avenue in Ridley Park, Delaware County. Public remarks note proximity to the rail line into Philadelphia, parks, the downtown area of Ridley Park, and nearby shopping centers.
Showings are permitted only on Thursdays and Fridays out of respect for tenants.
Key Highlights
- Four‑unit multifamily building with basement laundry and resident parking in Ridley Park
- Built in 1890
- Unit mix includes: Unit 1 (2BR/2BA/LR/Kitchen), Unit 2A (1BR/1BA/LR), Unit 2B (1BR/1BA), Unit 3 (2BR/1BA/LR)
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 | $55.8k | $18.00 |
| − Vacancy | −$7.3k | −$2.34 |
| EGI | $48.6k | $15.66 |
| − OpEx | −$14.6k | −$4.70 |
| NOI | $34.0k | $10.96 |
3,102 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$485.7K
$425.0K – $566.7K
NOI $34,000 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$444.2K
$388.7K – $518.3K
NOI $31,096 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$940.5K
$822.9K – $1.10M
NOI $65,835 @ 7.0% cap · market cap 10.53%
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-unit multifamily with basement laundry and resident parking, offered for sale in Ridley Park.
Where is this quadplex located?
The property is located at 315 North Swarthmore Avenue Ridley Park, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four‑unit multifamily building with basement laundry and resident parking in Ridley Park; Built in 1890; Unit mix includes: Unit 1 (2BR/2BA/LR/Kitchen), Unit 2A (1BR/1BA/LR), Unit 2B (1BR/1BA), Unit 3 (2BR/1BA/LR)
