Four-Unit Apartment
New
For Sale
$475,000
640 POPLAR STREET, Sharon Hill, PA 19079
Four separately rented apartments provide a multi-unit configuration in Sharon Hill.
Property Size4,107 SF
Price / SF$115.66
Days on Market4
Property Features for 640 POPLAR STREET
General Information
Standard status
Active
Size
4,107 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$56,328
Public Transit
Yes
Tenant in Place
Yes
Building Details
Year Built
1895
Buildings
1
Listing Agency:
Premier Property Management & Realty LLC
(610) 924-7284
Listed By:
Robert Stranix · License #rs354292
(610) 331-2027
Source:
Cummingsrealtors
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 2:33PM
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 Premier Property Management & Realty LLC
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Investment Insights
Based on property information with market context.
This Sharon Hill quadplex contains four apartments, each with two bedrooms and one bathroom. The building encompasses 4,107 square feet and dates to 1895. Tenants pay utilities other than cold water, which remains the owner’s responsibility.
The property is at 640 Poplar Street. Local shopping, dining, public transportation, and major commuting routes are accessible from the area.
The property is at 640 Poplar Street. Local shopping, dining, public transportation, and major commuting routes are accessible from the area.
Key Highlights
- Four apartments, each configured with 2 bedrooms and 1 bathroom
- 4,107 square feet
- Built in 1895
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,171
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,420
$823.4K
Cap Rate 7%
$588,157
$588.2K
Cap Rate 9%
$457,456
$457.5K
Market Conditions
NOI Build-Up for 4,107 SF
Gross rent
$86.7K $21.12/SF
− Vacancy
−$11.9K −$2.89/SF
EGI
$74.9K $18.23/SF
− OpEx
−$33.7K −$8.20/SF
NOI
$41.2K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,420
Cap Rate 7%
$588,157
Cap Rate 9%
$457,456
Alternative Uses
Best Use
Multifamily LT 5
$643.1K
$562.7K – $750.3K
NOI $45,016 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$588.2K
$514.6K – $686.2K
NOI $41,171 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,164 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 19079, PA
9,371
Population
3,577
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
1.6 sq mi
ZIP Area
5,857
Density / Sq Mi
$57,002
Median Household Income
$39,926
Median Earnings
$1,212
Median Rent
$159,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately rented apartments provide a multi-unit configuration in Sharon Hill.
Where is this quadplex located?
The property is located at 640 POPLAR STREET Sharon Hill, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four apartments, each configured with 2 bedrooms and 1 bathroom; 4,107 square feet; Built in 1895
