$920,000
UNDER CONTRACT

Estimated payment $5,933/month

Total Views 1,911
Studio
-- Bath
5,189 Sq Ft
$177 Price per Sq Ft

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

Chris McGarry

(610) 566-1100 c21cmcgarry@aol.com Coldwell Banker Realty Brokerage Phone: 6105661100 Listed on: 06/09/2026

Coldwell Banker Realty

Co-Listing Agent

Robert Hoopes

(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

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.28 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 6/9/2026 12:00:00 AM
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Special Features: UnderContract

Interior Features

  • Appliances: Stove
  • Interior Amenities: Bathroom - Tub Shower, Carpet, Floor Plan - Open, Combination Dining/Living
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 5189
  • Living Area Sq Ft: 5189
  • Price Per Sq Ft: 177.30
  • Above Grade Finished Sq Ft: 5189
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 12

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 79.60 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12197.00
  • Zoning: R-60 DWELLING W/ COM
  • Zoning Description: R-60 Dwelling w/ Commercial Use (Primarily Residential)

Rental Info

  • Existing Lease Type: Gross, Long Term, Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Gas, Sewer, Trash Collection, Water
  • Total Actual Rent: 114312.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 16709.00
  • Tax Annual Amount: 28445.00
  • Assessor Parcel Number: 16-10-00605-04
  • Tax Lot: 009-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 114312.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Operating Expense: 7725.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: UPPER DARBY

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Bright MLS

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
Source: Public Records

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: Public Records

Source: Bright MLS

MLS Number: PADE2117074

Bright MLS

APN: 16-10-00605-04

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