3-Unit Triplex with Fenced
New
For Sale
$339,000
533 BEECHWOOD AVENUE, Darby, PA 19023
All three apartments are leased, and residents pay their own electric and gas heat.
Property Size2,085 SF
Days on Market7
Property Features for 533 BEECHWOOD AVENUE
General Information
Standard status
Active
Size
2,085 SF
Property subtype
Triplex
Occupancy
100%
Net Operating Income
$24,488
Financials
Asking Price
$339,000
Cap Rate
7.2%
Gross Rent Multiplier
8.5
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,480
Amenities
fenced side yard
Building Details
Building Size
2,085 SF
Year Built
1910
Buildings
1
Stories
3
Construction
semi-detached
Tenancy
Multi
Listing Agency:
SDG Management, LLC
Listed By:
Shawn E Witter · License #RS326040
(267) 446-9133
Source:
Patmckennarealtors
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 10 at 1:33AM
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 SDG Management, LLC
Investment Insights
Based on property information with market context.
This 2,085-square-foot, three-story triplex was built in 1910 and contains three one-bedroom apartments. The first-floor unit includes a den and basement space. Apartment features include bay-window living rooms, ceiling fans, full tiled bathrooms, and eat-in kitchens; one unit has vinyl plank flooring and white shaker cabinets. A fenced side yard serves the property.
All three apartments are leased. Unit 1 is on a month-to-month agreement, and tenants pay their own electric and gas heat. The property is near the SEPTA D trolley, the Route 113 bus on MacDade Boulevard, and Media/Wawa Regional Rail, with access to US-13 and I-95. The stated in-place figures include a 7.2% cap rate and an 8.5 GRM.
All three apartments are leased. Unit 1 is on a month-to-month agreement, and tenants pay their own electric and gas heat. The property is near the SEPTA D trolley, the Route 113 bus on MacDade Boulevard, and Media/Wawa Regional Rail, with access to US-13 and I-95. The stated in-place figures include a 7.2% cap rate and an 8.5 GRM.
Key Highlights
- Three‑story building with three one‑bedroom apartments
- 2,085 square feet; built in 1910
- Unit 1 includes a den and basement space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,853
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,060
$457.1K
Cap Rate 7%
$326,471
$326.5K
Cap Rate 9%
$253,922
$253.9K
Market Conditions
NOI Build-Up for 2,085 SF
Gross rent
$37.5K $18.00/SF
− Vacancy
−$4.9K −$2.34/SF
EGI
$32.6K $15.66/SF
− OpEx
−$9.8K −$4.70/SF
NOI
$22.9K $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%
$457,060
Cap Rate 7%
$326,471
Cap Rate 9%
$253,922
Alternative Uses
Best Use
Multifamily LT 5
$326.5K
$285.7K – $380.9K
NOI $22,853 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,901 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$632.2K
$553.1K – $737.5K
NOI $44,251 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
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 - All three apartments are leased, and residents pay their own electric and gas heat.
Where is this triplex located?
The property is located at 533 BEECHWOOD AVENUE Darby, PA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Three‑story building with three one‑bedroom apartments; 2,085 square feet; built in 1910; Unit 1 includes a den and basement space
