Lansdowne Quadruplex: Investment
43 W ALBEMARLE Avenue, Lansdowne, PA 19050
New
MULTI_FAMILY - LANSDOWNE, PA
Property size:
2,567 SFLot size:
0.09 AcresPrice / SF:
$175/SF- Added:
- May 14, 2026
- Days on Market:
- 4
- Last Refresh:
- May 17 at 11:06 am
Property Features for 43 W ALBEMARLE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Off Street, Driveway, Carport
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- Size
- 2,567 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12282
Utilities
- Heating system
- Other (Heating), Hot Water(Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1926
- Number of units
- 1
- Building materials
- Stucco, Stone
Listing agent William H Joos License #AB050330L (610) 742-1724
Listing office Century 21 All Elite Inc-Brookhaven 3900 Edgmont Avenue, Brookhaven, PA (610) 872-1600
Listing date May 14, 2026
MLS# PADE2114920
Listing URL
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.
HighLights
- High gross yearly rental income of $49,800.00 with potential for additional income.
- Newer, highly efficient gas heater and hot water tank installed in 2024.
- Well‑maintained quadruplex with a blend of old charm and modern updates.
- Each unit has separate electric meters; ground and first floor units have in‑unit washer/dryer.
- Two‑car detached carport with additional storage room.
- Convenient location with easy access to Philadelphia International Airport, major sporting venues, regional rail, Rt‑476, University City, hospitals, shopping, and the Lansdowne theater.
Overview
This well-maintained quadruplex is located on a street in Lansdowne, PA. The 2,567 square foot building contains four units, each currently rented, generating a gross yearly rental income of $49,800. All four units are considered one-bedroom units. The property includes a two-car detached carport with an additional storage room, presenting the possibility of future rental income. The building blends original charm with modern updates, featuring a covered front patio, hardwood flooring, rear decks, and pocket doors. The owner is responsible for water, while each unit has separate electric meters. A new, efficient gas heater and hot water tank were installed in 2024. The ground floor and first-floor units have their own washer and dryer, while the second and third floors share a washer/dryer room. The ground floor unit has a built-in wall unit air conditioner, while other tenants use their own window air conditioners. There is a separate meter for gas stove cooking. The property has a low-maintenance exterior, updated front steps, and a recently coated driveway. A rental license certificate for 2026 is in place. The property includes a fire escape ladder on the rear upper units. It offers access to Philadelphia International Airport, major sporting venues, regional rail line, Rt-476, University City area of Philadelphia, hospitals, shopping, and the renovated Lansdowne theater. The property is being sold As-Is, and the seller will order the certificate of occupancy. The lot size is 0.09 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$312.6K
NOI $28,136 @ 9.00% cap · cautious / downside scenario
Moderate
$401.9K
NOI $28,136 @ 7.00% cap · market / base-case scenario
Aggressive
$562.7K
NOI $28,136 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $18.00 |
| − Vacancy | −$6.0k | −$2.34 |
| EGI | $40.2k | $15.66 |
| − OpEx | −$12.1k | −$4.70 |
| NOI | $28.1k | $10.96 |
2,567 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,733 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$778.3K
$681.0K – $908.0K
NOI $54,480 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Lansdowne
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.279795
- Latitude
- 39.946612
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained quadruplex in Lansdowne, PA with strong rental history.
Where is this quadplex located?
The property is located at 43 W ALBEMARLE Avenue Lansdowne, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: High gross yearly rental income of $49,800.00 with potential for additional income.; Newer, highly efficient gas heater and hot water tank installed in 2024.; Well‑maintained quadruplex with a blend of old charm and modern updates.
