1231 Drexel Ave Drexel Hill, PA 19026
Drexel Hill AreaEstimated payment $5,933/month
Highlights
- 0.28 Acre Lot
- Colonial Architecture
- Combination Dining and Living Room
- Open Floorplan
- Bathtub with Shower
- Hot Water Heating System
About This Home
Investor Alert! Exceptional income-producing mixed-use opportunity in desirable Drexel Hill. 1231-33 Drexel Ave features four residential apartments and a commercial dental office, providing multiple streams of rental income. The property currently generates approximately $114,312 in annual gross income, with scheduled rent increases projected to increase annual gross income to approximately $118,577 beginning July 2026. The property currently produces an estimated Net Operating Income (NOI) of approximately $65,429, with the projected rent increases increasing NOI to approximately $69,694 annually. Each residential unit is well maintained and offers a spacious living room, dining room, kitchen, two bedrooms, and a full bathroom with a tub/shower combination. The dental office is occupied by an established commercial tenant, providing stable income alongside the residential units. The property also features a large rear parking lot with ample off-street parking for residents, patients, and staff. Conveniently located near shopping, restaurants, public transportation, and major roadways, this property offers investors a rare opportunity to acquire a stable, income-producing asset in a well-established Delaware County location. With strong in-place cash flow and built-in upside through scheduled rent increases, this is an ideal addition to an investment portfolio. Property is being sold As-Is. Financial information, leases, and expense documentation are available to qualified buyers. Buyer is responsible for independently verifying all income, expenses, leases, zoning, and intended property use. Don’t miss this outstanding investment opportunity!
Listing Agent
(610) 566-1100 c21cmcgarry@aol.com Coldwell Banker Realty Brokerage Phone: 6105661100 Listed on: 06/09/2026
Co-Listing Agent
(610) 566-1100 rhoopes@cbpref.com Coldwell Banker Realty Brokerage Phone: 6105661100 License #RS283252
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 12,197 Sq Ft Lot
- Lot Dimensions are 79.60 x 150.00
Home Design
- Quadruplex
- Colonial Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Bathtub with Shower
- 5,189 Sq Ft Home
- Open Floorplan
- Combination Dining and Living Room
- Carpet
- Stove
- Finished Basement
Parking
- 12 Parking Spaces
- 12 Driveway Spaces
Utilities
- Cooling System Utilizes Natural Gas
- Window Unit Cooling System
- Heating System Uses Oil
- Hot Water Heating System
- Natural Gas Water Heater
Community Details
- 1 Vacant Unit
- Income includes apartment rentals, professional offices
- Insurance Expense $7,234
- Maintenance Expense $3,625
- Operating Expense $7,725
- Net Operating Income $18,584
Listing and Financial Details
- Tax Lot 009-000
- Assessor Parcel Number 16-10-00605-04
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $27,982 | $630,000 | $66,670 | $563,330 |
| 2025 | $26,644 | $630,000 | $66,670 | $563,330 |
| 2024 | $26,644 | $630,000 | $66,670 | $563,330 |
| 2023 | $26,392 | $630,000 | $66,670 | $563,330 |
| 2022 | $25,683 | $630,000 | $66,670 | $563,330 |
| 2021 | $47,629 | $866,490 | $66,670 | $799,820 |
| 2020 | $14,379 | $222,290 | $62,280 | $160,010 |
| 2019 | $14,127 | $222,290 | $62,280 | $160,010 |
| 2018 | $13,964 | $222,290 | $0 | $0 |
| 2017 | $13,601 | $222,290 | $0 | $0 |
| 2016 | $1,220 | $222,290 | $0 | $0 |
| 2015 | $1,245 | $222,290 | $0 | $0 |
| 2014 | $1,245 | $222,290 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/09/2026 06/09/26 | For Sale | $920,000 | 0.0% | $177 / Sq Ft | |
| 02/01/2013 02/01/13 | Rented | $950 | -9.5% | -- | |
| 01/01/2013 01/01/13 | Under Contract | -- | -- | -- | |
| 11/02/2012 11/02/12 | For Rent | $1,050 | 0.0% | -- | |
| 07/30/2012 07/30/12 | Sold | $425,000 | +6.3% | $82 / Sq Ft | View Prior Sale |
| 06/22/2012 06/22/12 | Pending | -- | -- | -- | |
| 05/31/2012 05/31/12 | For Sale | $399,900 | -- | $77 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $425,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $295,000 | New Conventional |
Source: Bright MLS
MLS Number: PADE2117074
APN: 16-10-00605-04
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Ask me questions while you tour the home.