Historic Triplex with Three
For Sale
$409,000
Pending
67 Owen Avenue, Lansdowne, PA 19050
Three-unit residential property with spacious layouts in Lansdowne’s established historic setting.
Property Size3,087 SF
Days on Market151
Property Features for 67 Owen Avenue
General Information
Standard status
Pending
Size
3,087 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RES
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,170
Amenities
No
No Pool
Above Grade
Street Lights, Sidewalks
Building Details
Year Built
1900
Listing Agency:
VRA Realty
(610) 787-2714
Listed By:
Zack Michael Cucinotta · License #RS371544
(610) 787-2714
Source:
Compass
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 9:11PM
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.
Built in 1900, this triplex contains three residential units across 3,087 square feet. Each unit is described as having bright living areas, generous room sizes, and practical layouts suited to everyday occupancy. The structure retains historic character while offering above-grade living space, and the property has no pool.
The home is located at 67 Owen Avenue in Lansdowne, Pennsylvania, within Delaware County and the Lansdowne Boro area. The surrounding setting includes sidewalks, street lighting, and established residential streets. The property is served by the William Penn School District, with Penn Wood High School identified for the area.
The three-unit configuration supports a multifamily ownership format, with each residence providing its own living space within the building. Interior features are listed as none, while the exterior includes above-grade construction and pedestrian-oriented streetscape improvements.
The home is located at 67 Owen Avenue in Lansdowne, Pennsylvania, within Delaware County and the Lansdowne Boro area. The surrounding setting includes sidewalks, street lighting, and established residential streets. The property is served by the William Penn School District, with Penn Wood High School identified for the area.
The three-unit configuration supports a multifamily ownership format, with each residence providing its own living space within the building. Interior features are listed as none, while the exterior includes above-grade construction and pedestrian-oriented streetscape improvements.
Key Highlights
- Three‑unit multifamily property
- 3,087 square feet of property size
- Built in 1900
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
$33,836
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
8.27%
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%
$676,720
$676.7K
Cap Rate 7%
$483,371
$483.4K
Cap Rate 9%
$375,956
$376.0K
Market Conditions
NOI Build-Up for 3,087 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
$55.6K $18.00/SF
− Vacancy
−$7.2K −$2.34/SF
EGI
$48.3K $15.66/SF
− OpEx
−$14.5K −$4.70/SF
NOI
$33.8K $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%
$676,720
Cap Rate 7%
$483,371
Cap Rate 9%
$375,956
Alternative Uses
Best Use
Multifamily LT 5
$483.4K
$423.0K – $563.9K
NOI $33,836 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$442.1K
$386.8K – $515.8K
NOI $30,946 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$935.9K
$819.0K – $1.09M
NOI $65,516 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with spacious layouts in Lansdowne’s established historic setting.
Where is this triplex located?
The property is located at 67 Owen Avenue Lansdowne, PA.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Three‑unit multifamily property; 3,087 square feet of property size; Built in 1900
