27-Unit Apartment
New
For Sale
Contact for pricing
3726-3730 School Lane, Drexel Hill, PA 19026
Residential property with studio and one-bedroom, one-bathroom floor plans in Drexel Hill.
Property Size14,500 SF
Lot Size0.22 Acres
Price / SF$172.41
Days on Market7
Property Features for 3726-3730 School Lane
General Information
Standard status
Active
Size
14,500 SF
Lot size
0.22 Acres
Property subtype
Multifamily
Net Operating Income
$134,675
Units
Unit Mix
12 x Studio, 15 x 1BR/1BA
Multifamily Units
27
Additional Details
Public Transit
Yes
Building Details
Year Built
1940
Buildings
2
Stories
2
Units
27
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Philip Sharrow · License #PA RSR002048
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 2:18PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This 27-unit apartment property at 3726-3730 School Lane includes 12 studio residences and 15 one-bedroom, one-bathroom residences. The building contains 9,015 square feet of gross living area within approximately 14,500 square feet of total gross building area. Constructed in 1940, the property occupies a 0.22-acre parcel.
The property is located in Drexel Hill, PA, within the Greater Philadelphia MSA and Delaware County. Its setting provides access to regional transportation routes, retail corridors, and public transit infrastructure, with proximity to employment and institutional centers in University City, Center City, and the Main Line.
The property is located in Drexel Hill, PA, within the Greater Philadelphia MSA and Delaware County. Its setting provides access to regional transportation routes, retail corridors, and public transit infrastructure, with proximity to employment and institutional centers in University City, Center City, and the Main Line.
Key Highlights
- 27 residential units
- Unit mix includes 12 Studio units and 15 1‑Bedroom/1‑Bathroom units
- 9,015 square feet of gross living area
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
$145,357
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
5.81%
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%
$2,907,140
$2.9M
Cap Rate 7%
$2,076,529
$2.1M
Cap Rate 9%
$1,615,078
$1.6M
Market Conditions
NOI Build-Up for 14,500 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
$306.2K $21.12/SF
− Vacancy
−$42.0K −$2.89/SF
EGI
$264.3K $18.23/SF
− OpEx
−$118.9K −$8.20/SF
NOI
$145.4K $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%
$2,907,140
Cap Rate 7%
$2,076,529
Cap Rate 9%
$1,615,078
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.42M
NOI $145,357 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,738 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
27
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential property with studio and one-bedroom, one-bathroom floor plans in Drexel Hill.
Where is this apartment building located?
The property is located at 3726-3730 School Lane Drexel Hill, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 27 residential units; Unit mix includes 12 Studio units and 15 1‑Bedroom/1‑Bathroom units; 9,015 square feet of gross living area
