Renovated Triplex with Separate
For Sale
$370,000
46 S State Rd, Upper Darby, PA 19082
Updated three-unit property with two two-bedroom residences and one one-bedroom residence.
Property Size2,030 SF
Price / SF$182.27
Days on Market95
Property Features for 46 S State Rd
General Information
Standard status
Active
Size
2,030 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
individual locked mailboxes
shared secure package box
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Robert B Travers · License #RS316370
(267) 257-4051
Source:
Kathywolfgang
Added: Aug 3
Changed: Nov 2
Last Checked: Oct 7 at 1:50PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Located at 46 S State Road in Upper Darby, this 1960 triplex contains two 2-bedroom units and one 1-bedroom unit. Recent improvements include flooring, windows, roofing, and modern interior finishes. The property also includes an attic suitable for storage and a basement laundry area. Each residence has its own electric meter, while updated plumbing and newer 2-zone hydronic heating support the building’s core systems.
The property has individual locked mailboxes, a shared secure package box, and a reconditioned, code-approved fire escape with egress windows. Required Use and Occupancy inspections have been completed. Schools, shopping, dining, and public transportation are within walking distance, providing convenient access to nearby daily amenities and transit options.
The property has individual locked mailboxes, a shared secure package box, and a reconditioned, code-approved fire escape with egress windows. Required Use and Occupancy inspections have been completed. Schools, shopping, dining, and public transportation are within walking distance, providing convenient access to nearby daily amenities and transit options.
Key Highlights
- Two 2‑bedroom units plus one 1‑bedroom unit
- Recent updates include flooring, windows, roofing, and interior finishes
- Separate electric meters for all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,250
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,000
$445.0K
Cap Rate 7%
$317,857
$317.9K
Cap Rate 9%
$247,222
$247.2K
Market Conditions
NOI Build-Up for 2,030 SF
Gross rent
$36.5K $18.00/SF
− Vacancy
−$4.8K −$2.34/SF
EGI
$31.8K $15.66/SF
− OpEx
−$9.5K −$4.70/SF
NOI
$22.3K $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%
$445,000
Cap Rate 7%
$317,857
Cap Rate 9%
$247,222
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.1K – $370.8K
NOI $22,250 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$290.7K
$254.4K – $339.2K
NOI $20,350 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$615.5K
$538.5K – $718.1K
NOI $43,083 @ 7.0% cap · market cap 11.64%
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
1,382
Businesses Nearby
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Business Placement
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated three-unit property with two two-bedroom residences and one one-bedroom residence.
Where is this triplex located?
The property is located at 46 S State Rd Upper Darby, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two 2‑bedroom units plus one 1‑bedroom unit; Recent updates include flooring, windows, roofing, and interior finishes; Separate electric meters for all three units
