10-Unit Apartment
426 HARVARD AVENUE, Swarthmore, PA 19081
For Sale
New
$2,400,000
A varied apartment mix includes studio, one-bedroom, and two-bedroom layouts in a walkable Swarthmore setting.
Property Size8,989 SF
Price / SF$266.99
Days on Market6
Property Features for 426 HARVARD AVENUE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Kate Muckenhirn · License PA RS311119
(484) 799-9197
Source:
Cummingsrealtors
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:32PM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this 8,989-square-foot apartment property contains 10 units: one studio, seven one-bedroom apartments, and two two-bedroom apartments. One of the two-bedroom units has two full bathrooms. The building is currently fully occupied.
The property is in Swarthmore, within walking distance of Swarthmore College and the borough’s downtown shops and restaurants. Swarthmore Station serves SEPTA’s Media/Wawa Regional Rail Line, with direct service to Center City Philadelphia. Road connections include I-476, Baltimore Pike, and Route 320 (Chester Road).
The property is in Swarthmore, within walking distance of Swarthmore College and the borough’s downtown shops and restaurants. Swarthmore Station serves SEPTA’s Media/Wawa Regional Rail Line, with direct service to Center City Philadelphia. Road connections include I-476, Baltimore Pike, and Route 320 (Chester Road).
Key Highlights
- 10 apartments: 1 studio, 7 one‑bedroom units, and 2 two‑bedroom units
- One two‑bedroom apartment has two full bathrooms
- 8,989 square feet; built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,111
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,220
$1.8M
Cap Rate 7%
$1,287,300
$1.3M
Cap Rate 9%
$1,001,233
$1.0M
Market Conditions
NOI Build-Up for 8,989 SF
Gross rent
$189.8K $21.12/SF
− Vacancy
−$26.0K −$2.89/SF
EGI
$163.8K $18.23/SF
− OpEx
−$73.7K −$8.20/SF
NOI
$90.1K $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%
$1,802,220
Cap Rate 7%
$1,287,300
Cap Rate 9%
$1,001,233
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,111 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.70M – $3.59M
NOI $215,667 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 19081, PA
10,803
Population
3,875
Households
2.8
Avg Household Size
37
Median Age
66%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
4,910
Density / Sq Mi
$129,973
Median Household Income
$54,288
Median Earnings
$1,452
Median Rent
$333,600
Median Home Value
Market
Average Price Trend$/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 - A varied apartment mix includes studio, one-bedroom, and two-bedroom layouts in a walkable Swarthmore setting.
Where is this apartment building located?
The property is located at 426 HARVARD AVENUE Swarthmore, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10 apartments: 1 studio, 7 one‑bedroom units, and 2 two‑bedroom units; One two‑bedroom apartment has two full bathrooms; 8,989 square feet; built in 1910
