Residential Income
For Sale
$312,500
3335 MARY STREET, Drexel Hill, PA 19026
1960-built property with natural gas forced-air heat, a full bathroom, and off-street parking.
Property Size1,840 SF
Price / SF$169.84
Days on Market88
Property Features for 3335 MARY STREET
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Residential Income
Zoning
R-20
Taxes and HOA fees
Annual Taxes
$7,129
Amenities
Natural Gas, Forced Air
Full
Gas Water Heater
Off Street, Other
AirLite
Building Details
Building Size
1,840 SF
Year Built
1960
Listing Agency:
(302) 290-9522
Listed By:
Doug Carlson
(302) 290-9522
Source:
Evrealestate
Added: May 19
Changed: Aug 13
Last Checked: Aug 13 at 5:29AM
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 Doug Carlson
Investment Insights
Based on property information with market context.
This residential income property offers 1,840 square feet of space and was built in 1960. The interior includes a full bathroom, natural gas service, forced-air heating, and a gas water heater. Exterior features include off-street parking and AirLite siding or construction.
The property is located at 3335 Mary Street in Drexel Hill, Delaware County, Pennsylvania, with R-20 zoning. Its residential classification and existing utility systems provide the core physical profile for evaluation as an income property.
The property is located at 3335 Mary Street in Drexel Hill, Delaware County, Pennsylvania, with R-20 zoning. Its residential classification and existing utility systems provide the core physical profile for evaluation as an income property.
Key Highlights
- 1,840‑square‑foot residential income property
- Built in 1960
- R‑20 zoning
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
$18,445
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
5.90%
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%
$368,900
$368.9K
Cap Rate 7%
$263,500
$263.5K
Cap Rate 9%
$204,944
$204.9K
Market Conditions
NOI Build-Up for 1,840 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
$38.9K $21.12/SF
− Vacancy
−$5.3K −$2.89/SF
EGI
$33.5K $18.23/SF
− OpEx
−$15.1K −$8.20/SF
NOI
$18.4K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
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%
$368,900
Cap Rate 7%
$263,500
Cap Rate 9%
$204,944
Alternative Uses
Best Use
Apartment 5plus
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.9K
$488.1K – $650.9K
NOI $39,051 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 1960-built property with natural gas forced-air heat, a full bathroom, and off-street parking.
Where is this residential income property located?
The property is located at 3335 MARY STREET Drexel Hill, PA.
What is the asking price?
The asking price for this property is $312,500.
What are key features of this property?
This property features: 1,840‑square‑foot residential income property; Built in 1960; R‑20 zoning
