678 FERNE BLVD Drexel Hill, PA 19026
Multi-Family, Detached - DREXEL HILL, PA
Property Features for 678 FERNE BLVD
General Information
- Property type
- Residential Multi Family
- Parking features
- Driveway, On Street, Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 24058
Utilities
- Heating system
- Radiant
- Cooling system
- Central Air
Building Details
- Year built
- 1936
- Building materials
- Other
- Architectural style
- Other
Listing agent Mike Mulholland (888) 536-0216
Listing office Media 1109 W Baltimore Pike, Suite E, PA (888) 536-0216
Listing date Jul 13, 2026
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Outside and systems include a slate roof with copper gutters and a waterproofed basement with a French drain (installed in 2005). The renovated kitchen was completed in 2025, and new bathroom surrounds were completed in 2026. The property is located at the corner of Burmont Rd. and Ferne Blvd and offers parking for 10+ cars.
The office space and residential layout provide separate functional areas within one property, totaling over 5,400 square feet of finished space as presented in the listing.
Key Highlights
- Mixed‑use property at the corner of Burmont Rd. & Ferne Blvd, 3,700 SF residential plus an attached 1,700 SF professional office addition
- Three‑story main house with renovated eat‑in kitchen and main floor powder room; offers 3/4 bedrooms and 2 full bathrooms on the 2nd floor
- Third floor includes two additional bedrooms and a hall bathroom; features a full professionally waterproofed basement
Local Financial Insights For Mixed Use
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 | $97.2k | $18.00 |
| − Vacancy | −$11.7k | −$2.16 |
| EGI | $85.5k | $15.84 |
| − OpEx | −$32.1k | −$5.94 |
| NOI | $53.5k | $9.90 |
