Triplex with Private
New
For Sale
$399,900
319 MACDADE BOULEVARD, Folsom, PA 19033
Three separately entered units feature two-bedroom layouts, full bathrooms, and designated off-street parking.
Property Size2,900 SF
Price / SF$137.90
Days on Market3
Property Features for 319 MACDADE BOULEVARD
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Triplex
Building Details
Year Built
1953
Listing Agency:
Redfin Corporation
(484) 962-0034
Listed By:
Roseann Tulley · License #RS330033
(610) 329-0604
Source:
Cummingsrealtors
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 19 at 9:24AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
Located at 319 Macdade Boulevard in Folsom, this 2,900-square-foot triplex contains three distinct residential units. Each unit offers 2 bedrooms, a living/dining area, a kitchen, and a full bathroom, with a private entrance for each occupant. The property was built in 1953.
The ground-floor area provides additional flexible space described for business use or potential residential conversion. Parking includes one designated off-street space for each unit plus an extra space for guests. A private backyard adds outdoor space for residents.
The property is near local parks, shopping, dining, entertainment, public transportation, and Ridley High School, with access to surrounding Ridley Township amenities.
The ground-floor area provides additional flexible space described for business use or potential residential conversion. Parking includes one designated off-street space for each unit plus an extra space for guests. A private backyard adds outdoor space for residents.
The property is near local parks, shopping, dining, entertainment, public transportation, and Ridley High School, with access to surrounding Ridley Township amenities.
Key Highlights
- Three‑unit triplex with 2,900 square feet of property size
- Each unit includes 2 bedrooms, a living/dining area, kitchen, and full bathroom
- Private entrance provided for each of the three units
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
$31,786
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
7.95%
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%
$635,720
$635.7K
Cap Rate 7%
$454,086
$454.1K
Cap Rate 9%
$353,178
$353.2K
Market Conditions
NOI Build-Up for 2,900 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
$52.2K $18.00/SF
− Vacancy
−$6.8K −$2.34/SF
EGI
$45.4K $15.66/SF
− OpEx
−$13.6K −$4.70/SF
NOI
$31.8K $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%
$635,720
Cap Rate 7%
$454,086
Cap Rate 9%
$353,178
Alternative Uses
Best Use
Multifamily LT 5
$454.1K
$397.3K – $529.8K
NOI $31,786 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$415.3K
$363.4K – $484.5K
NOI $29,071 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$879.3K
$769.4K – $1.03M
NOI $61,548 @ 7.0% cap · market cap 15.39%
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
Location Intelligence
Trade Area within ½ mile
741
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 - Three separately entered units feature two-bedroom layouts, full bathrooms, and designated off-street parking.
Where is this triplex located?
The property is located at 319 MACDADE BOULEVARD Folsom, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three‑unit triplex with 2,900 square feet of property size; Each unit includes 2 bedrooms, a living/dining area, kitchen, and full bathroom; Private entrance provided for each of the three units
