Detached Triplex with
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 Market24
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: Oct 6
Last Checked: Oct 7 at 3:13PM
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 / Yr
$41,602
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
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
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 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
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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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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
