Residential Triplex With Historic
For Sale
$399,000
67 Owen Ave, Lansdowne, PA 19050
Three residential units support flexible owner occupancy or rental use in a walkable Pennsylvania borough near Philadelphia.
Property Size3,087 SF
Price / SF$129.25
Days on Market124
Property Features for 67 Owen Ave
General Information
Standard status
Active
Size
3,087 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,170
Listing Agency:
VRA Realty
(610) 787-2714
Listed By:
Zack Michael Cucinotta
(610) 787-2714
Source:
Exprealty
Added: Apr 3
Changed: Aug 4
Last Checked: Aug 4 at 2:10AM
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 VRA Realty
Investment Insights
Based on property information with market context.
Located at 67 Owen Avenue in Lansdowne, Pennsylvania, this 3,087-square-foot triplex contains three residential units. Each unit offers bright living areas, generous room sizes, and practical layouts suited to everyday occupancy. The well-maintained structure retains historic character associated with Lansdowne’s Victorian-era residential architecture while incorporating features suited to contemporary residents.
The property is positioned in a walkable borough known for local restaurants, an arts scene, a weekly farmers market, parks, and community events. Public transit provides access to downtown Philadelphia, while the surrounding streets feature established residential architecture and a neighborhood setting. The three-unit configuration supports either rental use or an owner-occupancy arrangement with additional units available for tenants.
The property is positioned in a walkable borough known for local restaurants, an arts scene, a weekly farmers market, parks, and community events. Public transit provides access to downtown Philadelphia, while the surrounding streets feature established residential architecture and a neighborhood setting. The three-unit configuration supports either rental use or an owner-occupancy arrangement with additional units available for tenants.
Key Highlights
- 3,087‑square‑foot triplex at 67 Owen Avenue
- Three residential units within one multifamily property
- Bright living areas and generous room sizes in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.6k | $18.00 |
| − Vacancy | −$7.2k | −$2.34 |
| EGI | $48.3k | $15.66 |
| − OpEx | −$14.5k | −$4.70 |
| NOI | $33.8k | $10.96 |
3,087 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.4K
$423.0K – $563.9K
NOI $33,836 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$442.1K
$386.8K – $515.8K
NOI $30,946 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$935.9K
$819.0K – $1.09M
NOI $65,516 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units support flexible owner occupancy or rental use in a walkable Pennsylvania borough near Philadelphia.
Where is this triplex located?
The property is located at 67 Owen Ave Lansdowne, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,087‑square‑foot triplex at 67 Owen Avenue; Three residential units within one multifamily property; Bright living areas and generous room sizes in each unit
