Triplex with Flexible Ground-Floor
For Sale
$399,900
319 MACDADE Boulevard, Folsom, PA 19033
Multi-Family, FOLSOM, PA
Property Size2,900 SF
Price / SF$137.90
Days on Market48
Property Features for 319 MACDADE Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Off Street
Subdivision
FOLSOM
Elementary school
GRACE PARK
Middle school
RIDLEY
High school
RIDLEY
Elementary school district
RIDLEY
Middle school district
RIDLEY
High school district
RIDLEY
Standard status
Active
Size
2,900 SF
Taxes and HOA fees
Tax Annual Amount
10592
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Central Air
Amenities
private entrance
private back yard
Building Details
Year built
1953
Number of units
1
Building materials
Block, Stucco
Listing Agency:
Redfin Corporation
(484) 962-0034
Listed By:
Roseann Tulley · License #RS330033
(610) 329-0604
Added: Sep 17
Last Checked: Nov 3 at 11:06PM
MLS# PADE2124018
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.
Located at 319 Macdade Boulevard in Folsom, this 2,900-square-foot triplex was built in 1953 and includes three distinct residential units. Each unit contains two bedrooms, a living and dining area, a kitchen, and a full bathroom, with private entrances serving each residence. The building has block and stucco construction, hot-water heating, window-unit cooling, and central air.
A ground-floor area provides additional flexible space that can support a business use or conversion to residential living, subject to applicable requirements. Parking includes one designated off-street space for each unit plus an additional flexible space for guests. Residents also have access to a private backyard. The property is near local parks, shopping, dining, entertainment, public transportation, and Ridley High School.
A ground-floor area provides additional flexible space that can support a business use or conversion to residential living, subject to applicable requirements. Parking includes one designated off-street space for each unit plus an additional flexible space for guests. Residents also have access to a private backyard. The property is near local parks, shopping, dining, entertainment, public transportation, and Ridley High School.
Key Highlights
- 2,900‑square‑foot triplex with three distinct units
- Each unit includes 2 bedrooms, living/dining area, kitchen, and full bathroom
- Private entrance serves each residential unit
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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Lease Details
3
Residential units
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 residential layouts, off-street parking, and access to a private backyard.
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: 2,900‑square‑foot triplex with three distinct units; Each unit includes 2 bedrooms, living/dining area, kitchen, and full bathroom; Private entrance serves each residential unit
