1231 Drexel Ave, Drexel Hill, PA 19026
Local realty services provided by:CENTURY 21 Above and Beyond
1231 Drexel Ave,Drexel Hill, PA 19026
$920,000
- 8 Beds
- - Baths
- 5,189 sq. ft.
- Multi-family
- Pending
Listed by: christopher m mcgarry, robert c hoopes
Office: coldwell banker realty
MLS#:PADE2117074
Source:BRIGHTMLS
Price summary
- Price:$920,000
- Price per sq. ft.:$177.3
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!...
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Home facts
- Year built:1950
- Listing ID #:PADE2117074
- Added:131 day(s) ago
- Updated:July 31, 2026 at 07:52 AM
Rooms and interior
- Bedrooms:8
- Rooms Total:16
- Kitchen Description:Carpet, Stove
- Basement:Yes
- Basement Description:Fully Finished
- Living area:5,189 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Hot Water, Oil
Structure and exterior
- Year built:1950
- Building area:5,189 sq. ft.
- Lot area:0.28 Acres
- Architectural Style:Colonial
- Construction Materials:Brick
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$920,000
- Price per sq. ft.:$177.3
- Tax amount:$28,445 (2025)
Features and amenities
- Amenities:Carpet
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