REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Chris McGarry • Coldwell Banker Realty
$ 920,000
New
1231 DREXEL AVE Drexel Hill, PA 19026
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Rent
MLS Listing ID PADE2117070
Year Built 1950
Available Date 2026-06-10
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 79.60 x 150.00
Property Sub-Type Other
Source BRIGHT
Property Description
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!
Location
State PA
County Delaware
Area Upper Darby Twp (10416)
Zoning R-60 DWELLING W/ COMMERC
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Upper Darby
Others
Tax ID 16-10-00605-04
Ownership Other
