Seller's Agent in 2024
Philip Winicov
RE/MAX
(610) 613-5771
10 in this area
223 Total Sales
56 W Albemarle Ave Lansdowne, PA 19050
--
Bed
--
Bath
3,146
Sq Ft
6,534
Sq Ft Lot
Highlights
- Traditional Architecture
- Garden View
- 4 Car Detached Garage
- Wood Flooring
- Multiple Balconies
- 3-minute walk to Windemere Park
About This Home
As of October 2024BACK ON MARKET!!! Investors Alert!!!! Discover the perfect blend of charm, functionality, and investment potential at 56 W Albemarle Ave, Lansdowne. Whether you’re an investor seeking a solid multi-unit property or a live-in landlord envisioning the ease of owning rental units, this purpose-built quadplex offers everything you need for long-term success. Unlike converted properties, this building was designed from the ground up to be a four-unit residence, ensuring thoughtful layouts and utility metering for each tenant's comfort and your peace of mind.
As you approach this well-maintained building on a quiet, tree-lined street, you’ll immediately notice the attention to detail and care put into the property. Step inside to a welcoming shared entryway that leads to four spacious, light-filled units, each designed to offer both comfort and functionality. Picture tenants or yourself settling into one of the bright living rooms, with ample space for relaxing, entertaining, or working from home. Each unit features a generous bedroom, providing a tranquil retreat at the end of the day, along with a fully-equipped bathroom and a large eat-in kitchen—a space where renters can easily imagine gathering for meals or hosting friends.
The convenience continues with dual access points for each unit, giving tenants their own private rear entrance in addition to the front entry, making comings and goings seamless and private. Downstairs, the basement offers shared coin operated laundry facilities and extra storage space, adding even more appeal to prospective tenants who value convenience.
For the investor, this property is a dream: each unit is separately metered for electric, gas, and hot water, meaning tenants are responsible for their own utilities, reducing your overhead costs and streamlining management. The back of the property features a spacious parking area, an added benefit that tenants will appreciate, and a 4-car detached garage that offers additional income potential through rental opportunities (all garages currently rented).
Located just moments from parks, restaurants, major thoroughfares, and easy access to both Center City Philadelphia and Philadelphia International Airport, this property is perfectly positioned to attract long-term renters. While some units may benefit from minor updates, the building is in excellent condition and ready for its next owner to take it to the next level.
Whether you’re looking to grow your investment portfolio or live in one unit while renting out the others, 56 W Albemarle Ave offers you flexibility and stability and is one of Delaware County’s most desirable quadraplexes currently available. Don’t miss out on this chance to own a piece of Lansdowne—CASH & CONVENTIONAL offers ONLY.
Envision the possibilities, and take the first step toward making this quadplex your own. Reach out today to schedule a viewing!
Last Agent to Sell the Property
RE/MAX Preferred - Newtown Square License #RS336040 Listed on: 09/06/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1936
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50.00 x 140.00
- Property is in good condition
Parking
- 4 Car Detached Garage
- 4 Driveway Spaces
- Free Parking
- Rear-Facing Garage
- On-Street Parking
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Block Foundation
- Architectural Shingle Roof
Interior Spaces
- 3,146 Sq Ft Home
- Garden Views
Flooring
- Wood
- Laminate
Unfinished Basement
- Walk-Up Access
- Basement Windows
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Flood Lights
Outdoor Features
- Multiple Balconies
- Exterior Lighting
- Outdoor Storage
Location
- Suburban Location
Utilities
- Hot Water Heating System
- 100 Amp Service
- Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for water, real estate taxes
- Tax Lot 167-000
- Assessor Parcel Number 23-00-00085-00
Community Details
Overview
- 4 Units
- 3-Story Building
Building Details
- Insurance Expense $2,040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2024
Closed on
Oct 25, 2024
Sold by
Phillips Charles S
Bought by
Steady Vbn Llc
Seller's Agent
Philip Winicov
RE/MAX Preferred - Newtown Square
Buyer's Agent
Shawn Quinn
Realty Mark Associates-CC
List Price
$350,000
Sold Price
$350,000
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,657
Avg. Annual Appreciation
3.44%
Purchase Details
Listed on
Apr 24, 2014
Closed on
Jul 30, 2014
Sold by
The Bryn Mawr Trust Company
Bought by
Phillips Charles S and Phillips Dorothy B
Seller's Agent
John Madden
Long & Foster Real Estate, Inc.
Buyer's Agent
John Madden
Long & Foster Real Estate, Inc.
List Price
$245,000
Sold Price
$210,000
Premium/Discount to List
-$35,000
-14.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$147,000
Interest Rate
4.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 22, 2014
Sold by
Kaganovich Alexander J and Kaganovich Elena G
Bought by
The Bryan Mawr Trust Company
Purchase Details
Closed on
Jan 27, 2005
Sold by
Ricca Michael and Ricca Anna
Bought by
Kaganovich Alexander J and Kaganovich Elena G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
6.05%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $350,000 | None Listed On Document | |
| Deed | $210,000 | None Available | |
| Sheriffs Deed | -- | None Available | |
| Deed | $295,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,650,000 | New Conventional | |
| Closed | $1,777,500 | New Conventional | |
| Previous Owner | $144,000 | Commercial | |
| Previous Owner | $147,000 | Commercial | |
| Previous Owner | $206,500 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $350,000 | 0.0% | $111 / Sq Ft |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 10/18/2024 10/18/24 | For Sale | $350,000 | 0.0% | $111 / Sq Ft |
| 09/06/2024 09/06/24 | Pending | -- | -- | -- |
| 09/06/2024 09/06/24 | For Sale | $350,000 | +66.7% | $111 / Sq Ft |
| 07/31/2014 07/31/14 | Sold | $210,000 | -14.3% | -- |
| 05/31/2014 05/31/14 | Pending | -- | -- | -- |
| 04/24/2014 04/24/14 | For Sale | $245,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $11,659 | $283,160 | $66,060 | $217,100 |
| 2023 | $11,115 | $283,160 | $66,060 | $217,100 |
| 2022 | $10,897 | $283,160 | $66,060 | $217,100 |
| 2021 | $16,363 | $283,160 | $66,060 | $217,100 |
| 2020 | $7,604 | $115,940 | $33,660 | $82,280 |
| 2019 | $7,476 | $115,940 | $33,660 | $82,280 |
| 2018 | $7,348 | $115,940 | $0 | $0 |
| 2017 | $7,186 | $115,940 | $0 | $0 |
| 2016 | $636 | $115,940 | $0 | $0 |
| 2015 | $636 | $115,940 | $0 | $0 |
| 2014 | $636 | $115,940 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Winicov
-
Shawn Quinn
Buyer's Agent in 2024
Shawn Quinn
Realty Mark Associates-CC
(215) 872-6609
1 in this area
16 Total Sales
-
John Madden
Seller's Agent in 2014
John Madden
Long & Foster
(610) 853-8436
1 Total Sale
Map
Source: Bright MLS
MLS Number: PADE2074756
APN: 23-00-00085-00
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