Triplex with Detached
New
For Sale
$329,900
4503 NAAMANS CREEK ROAD, Garnet Valley, PA 19060
Corner property with a primary residence and two detached apartment units on a nearly half-acre lot.
Property Size1,835 SF
Price / SF$179.78
Days on Market6
Property Features for 4503 NAAMANS CREEK ROAD
General Information
Standard status
Active
Size
1,835 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Buildings
2
Listing Agency:
RE/MAX Prime Real Estate
Listed By:
Jaimee A. Cohen · License #2186175
(610) 622-7500
Source:
Cummingsrealtors
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 3:38PM
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
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 = 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
$20,113
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
6.10%
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%
$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
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
$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 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%
$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 6.10%
Second Best
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$556.4K
$486.8K – $649.1K
NOI $38,945 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Vacancy Rate% for Multifamily in Northeast region
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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 $329,900.
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
