Triplex with Detached
4503 NAAMANS CREEK ROAD, Garnet Valley, PA 19060
For Sale
$319,900
Corner property with a primary residence and two detached apartment units on a nearly half-acre lot.
Property Size1,835 SF
Price / SF$174.33
Days on Market51
Property Features for 4503 NAAMANS CREEK ROAD
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Prime Real Estate
Listed By:
Jaimee A. Cohen · License #6185532
(610) 622-7500
Source:
Cummingsrealtors
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 10:28AM
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 RE/MAX Prime Real Estate
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Investment Insights
Based on property information with market context.
This 1920 triplex includes a primary residence and a detached structure containing two separate apartment units. The main home offers 3-4 bedrooms and 1 full bathroom, with two bedrooms and the bathroom on the first floor. Two additional second-floor rooms provide flexible space for bedrooms, offices, or storage. A full unfinished basement adds utility and storage capacity.
The detached building includes a 1-bedroom, 1-bathroom apartment on the main level and an efficiency-style unit upstairs with a kitchenette and full bathroom. Set on a corner lot of nearly half an acre, the property also includes a spacious rear yard. The sale is strictly AS-IS, and buyers are responsible for verifying condition, zoning, permitted uses, dimensions, square footage, and applicable permits.
The detached building includes a 1-bedroom, 1-bathroom apartment on the main level and an efficiency-style unit upstairs with a kitchenette and full bathroom. Set on a corner lot of nearly half an acre, the property also includes a spacious rear yard. The sale is strictly AS-IS, and buyers are responsible for verifying condition, zoning, permitted uses, dimensions, square footage, and applicable permits.
Key Highlights
- Three living spaces: a primary home plus two detached apartment units
- Primary residence includes 3‑4 bedrooms and 1 full bathroom
- Detached main‑level apartment has 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,113
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,260
$402.3K
Cap Rate 7%
$287,329
$287.3K
Cap Rate 9%
$223,478
$223.5K
Market Conditions
NOI Build-Up for 1,835 SF
Gross rent
$33.0K $18.00/SF
− Vacancy
−$4.3K −$2.34/SF
EGI
$28.7K $15.66/SF
− OpEx
−$8.6K −$4.70/SF
NOI
$20.1K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,260
Cap Rate 7%
$287,329
Cap Rate 9%
$223,478
Alternative Uses
Best Use
Multifamily LT 5
$287.3K
$251.4K – $335.2K
NOI $20,113 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$556.4K
$486.8K – $649.1K
NOI $38,945 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
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Business Placement
Demographics for 19060, PA
11,646
Population
3,842
Households
3
Avg Household Size
45
Median Age
55%
College-Educated
98%
High-School Grad
7.7 sq mi
ZIP Area
1,512
Density / Sq Mi
$174,756
Median Household Income
$68,144
Median Earnings
$516,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Delaware County, PA
Properties on Market for Triplexes in Delaware County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Corner property with a primary residence and two detached apartment units on a nearly half-acre lot.
Where is this triplex located?
The property is located at 4503 NAAMANS CREEK ROAD Garnet Valley, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Three living spaces: a primary home plus two detached apartment units; Primary residence includes 3‑4 bedrooms and 1 full bathroom; Detached main‑level apartment has 1 bedroom and 1 full bathroom
