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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Zillow last checked:
Listing updated:
Listed by:
Chris McGarry610-742-1948,
Coldwell Banker Realty6105661100,
Co-Listing Agent: Robert C Hoopes610-348-3978,
Coldwell Banker Realty
Source: Bright MLS,MLS#: PADE2117074
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 5
Basement
Area: 0
Heating
Hot Water, Oil
Cooling
Window Unit(s), Natural Gas
Appliances
Included: Cooktop, Gas Water Heater
Features
Bathroom - Tub Shower, Open Floorplan, Combination Dining/Living
Flooring: Carpet
Basement: Finished
Has fireplace: No
Interior area
Total structure area: 5,189
Total interior livable area: 5,189 sqft
Property
Parking
Total spaces: 12
Parking features: Driveway
Uncovered spaces: 12
Accessibility
Accessibility features: None
Features
Pool features: None
Lot
Size: 0.28 Acres
Dimensions: 79.60 x 150.00
Details
Additional structures: Above Grade, Below Grade
Parcel number: 16100060504
Zoning: R-60 DWELLING W/ COM
Zoning description: R-60 Dwelling w/ Commercial Use (Primarily Residential)
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Colonial
Property subtype: Quadruplex
Materials
Brick
Foundation: Concrete Perimeter
Condition
New construction: No
Year built: 1950
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Location
Region: Drexel Hill
Municipality: UPPER DARBY TWP
Financial & listing details
Price per square foot: $177/sqft
Tax assessed value: $630,000
Annual tax amount: $28,445
Date on market: 6/9/2026
Listing agreement: Exclusive Agency
Ownership: Fee Simple
Total actual rent: 114312
Income includes: Apartment Rentals, Professional Offices
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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