Detached Triplex with
New
For Sale
$475,000
7201 WAYNE AVENUE, Upper Darby, PA 19082
Detached multifamily property with separate utility metering, outdoor parking, and a finished lower level with its own entrance.
Property Size4,150 SF
Days on Market7
Property Features for 7201 WAYNE AVENUE
General Information
Standard status
Active
Size
4,150 SF
Property subtype
Triplex
Additional Details
Gross Income
$52,800
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,749
Building Details
Building Size
4,150 SF
Year Built
1920
Buildings
1
Listing Agency:
BHHS Fox&Roach-Newtown Square
Listed By:
Mohammed S Ullah · License #RS323777
(267) 278-3238
Source:
Patmckennarealtors
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 20 at 11:23AM
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 BHHS Fox&Roach-Newtown Square
Investment Insights
Based on property information with market context.
This detached triplex property offers 4,150 square feet of living space in a 1920-built structure. The two upper units each include approximately 1,500 square feet, two bedrooms, a full bathroom, living room, formal dining room, kitchen, and bonus den. A finished lower level provides two bedrooms, a full bathroom, kitchen, separate entrance, and separate utilities. The property is legally approved as a duplex, with the process underway to legalize the lower level as a third unit.
Separate utility metering places utility responsibility with the occupants. Recent work includes replacement water heaters and fresh interior paint. Exterior features include a large backyard, front yard, two-car garage, driveway, and shared parking areas. The property is one block from Upper Darby Township’s main public library and public transportation, within walking distance of middle and high schools, and approximately 5 miles from Center City Philadelphia. It is also less than 4 miles from the University of Pennsylvania, Drexel University, and major University City hospitals.
Separate utility metering places utility responsibility with the occupants. Recent work includes replacement water heaters and fresh interior paint. Exterior features include a large backyard, front yard, two-car garage, driveway, and shared parking areas. The property is one block from Upper Darby Township’s main public library and public transportation, within walking distance of middle and high schools, and approximately 5 miles from Center City Philadelphia. It is also less than 4 miles from the University of Pennsylvania, Drexel University, and major University City hospitals.
Key Highlights
- 4,150‑square‑foot detached multifamily property built in 1920
- Two upper units each offer approximately 1,500 square feet with 2 bedrooms and a bonus den
- Finished lower level includes 2 bedrooms, kitchen, full bathroom, and separate entrance
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
$41,602
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
8.76%
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%
$832,040
$832.0K
Cap Rate 7%
$594,314
$594.3K
Cap Rate 9%
$462,244
$462.2K
Market Conditions
NOI Build-Up for 4,150 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
$87.6K $21.12/SF
− Vacancy
−$12.0K −$2.89/SF
EGI
$75.6K $18.23/SF
− OpEx
−$34.0K −$8.20/SF
NOI
$41.6K $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 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%
$832,040
Cap Rate 7%
$594,314
Cap Rate 9%
$462,244
Alternative Uses
Best Use
Multifamily LT 5
$649.8K
$568.6K – $758.1K
NOI $45,487 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$594.3K
$520.0K – $693.4K
NOI $41,602 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,077 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Detached multifamily property with separate utility metering, outdoor parking, and a finished lower level with its own entrance.
Where is this triplex located?
The property is located at 7201 WAYNE AVENUE Upper Darby, 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: 4,150‑square‑foot detached multifamily property built in 1920; Two upper units each offer approximately 1,500 square feet with 2 bedrooms and a bonus den; Finished lower level includes 2 bedrooms, kitchen, full bathroom, and separate entrance
