Three-Unit Updated Condominium
For Sale
$349,900
801 YALE AVENUE, Swarthmore, PA 19081
Three first-floor residences include private laundry and storage access reserved for the group.
Property Size2,200 SF
Price / SF$159.05
Days on Market18
Property Features for 801 YALE AVENUE
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Quadruplex
Building Details
Year Built
1969
Listing Agency:
Keller Williams Realty Devon-Wayne
(484) 253-6062
Listed By:
Brandie Elizabeth Keates · License #RS379088
(484) 253-6062
Source:
Cummingsrealtors
Added: Aug 6
Changed: Aug 22
Last Checked: Aug 23 at 8:52AM
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 Keller Williams Realty Devon-Wayne
Investment Insights
Based on property information with market context.
This multifamily offering combines three renovated one-bedroom condominiums within Strath Haven Condominium. The residences are being conveyed together and include a private laundry and storage room designated for their shared use. Current occupancy is varied: one residence operates as an Airbnb/short-term rental with reservations extending through May 2027, another is leased month-to-month, and the third is vacant. Unit 101 adds a small deck and exterior stairs near the community garden, while Unit 102 has separate exterior stair access toward the parking area.
The condominium community provides a pool, library, laundry facilities, storage, gathering areas, and maintained landscaped grounds with flowers and a herb garden. The property is located at 801 Yale Avenue in Swarthmore, near local shops, dining, and the train. The residences were built in 1969 and have received recent updates.
The condominium community provides a pool, library, laundry facilities, storage, gathering areas, and maintained landscaped grounds with flowers and a herb garden. The property is located at 801 Yale Avenue in Swarthmore, near local shops, dining, and the train. The residences were built in 1969 and have received recent updates.
Key Highlights
- Three renovated one‑bedroom condominiums offered together
- Varied occupancy: short‑term rental reservations through May 2027, month‑to‑month tenancy, and one vacant unit
- Private laundry and storage room reserved for the three residences
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
$22,054
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
6.30%
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%
$441,080
$441.1K
Cap Rate 7%
$315,057
$315.1K
Cap Rate 9%
$245,044
$245.0K
Market Conditions
NOI Build-Up for 2,200 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
$46.5K $21.12/SF
− Vacancy
−$6.4K −$2.89/SF
EGI
$40.1K $18.23/SF
− OpEx
−$18.0K −$8.20/SF
NOI
$22.1K $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%
$441,080
Cap Rate 7%
$315,057
Cap Rate 9%
$245,044
Alternative Uses
Best Use
Apartment 5plus
$315.1K
$275.7K – $367.6K
NOI $22,054 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$667.0K
$583.6K – $778.2K
NOI $46,691 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 19081, PA
10,803
Population
3,875
Households
2.8
Avg Household Size
37
Median Age
66%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
4,910
Density / Sq Mi
$129,973
Median Household Income
$54,288
Median Earnings
$1,452
Median Rent
$333,600
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?
Multifamily property - Three first-floor residences include private laundry and storage access reserved for the group.
Where is this multifamily property located?
The property is located at 801 YALE AVENUE Swarthmore, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three renovated one‑bedroom condominiums offered together; Varied occupancy: short‑term rental reservations through May 2027, month‑to‑month tenancy, and one vacant unit; Private laundry and storage room reserved for the three residences
