Triplex with Private
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 Market48
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: Nov 3
Last Checked: Nov 3 at 7:16AM
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
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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 / Yr
$31,786
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
