27-Unit Apartment
3726-3730 School Lane, Drexel Hill, PA 19026
For Sale
Contact for pricing
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 Market101
Property Features for 3726-3730 School Lane
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
Philip Sharrow · License PA RSR002048
Source:
Crexi
Added: Aug 4
Changed: Nov 5
Last Checked: Nov 12 at 8:29AM
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 Horvath & Tremblay
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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 / Yr
$145,357
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
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
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 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
$4.97M
$4.35M – $5.80M
NOI $347,889 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$243,000
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Delaware County, PA
Properties on Market for Apartment buildings in Delaware County
Vacancy Rate% for Multifamily in Northeast region
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
