Prevu by reAlpha
BuySellBlogBrowse Listings

1231 Drexel AvenueDrexel Hill, PA 19026

For Sale

$920,000

Smart Buyer Rebate $9,200

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!

Listed by Christopher M McGarry

·

License #RS276586

·

Coldwell Banker Realty

·

6107421948

Last updated June 14, 2026

·

Source: BrightMLS #PADE2117074

Listing Facts

  • TypeMulti-family
  • NeighborhoodLlanerch Hills
  • Days on Prevu6
  • Taxes$28,445/year
  • Size5,189 sqft
  • Price per sqft$177

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/09/2026
Listed by Coldwell Banker Realty
$920,000

Property Details for 1231 Drexel Avenue

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 1
  • Year Built: 1950
  • Architectural Style: Colonial
  • Construction Materials: Brick

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.28
  • Lot Size Dimensions: 79
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12,197
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.2
  • Gross Income: $114,312.00
  • Operating Expense: $7,725.00

Taxes

  • Tax Annual Amount: $28,445.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Stove
  • Fireplace: No
  • Interior Features: Bathroom - Tub Shower, Carpet, Floor Plan - Open, Combination Dining/Living

Measurements

  • Living Area: 5,189
  • Living Area Source: Assessor

Rooms

  • Basement: Fully Finished
  • Has Basement: Yes
  • Rooms Total: 16

Other

Location

  • Tax Lot: 009-000

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Heating: Hot Water
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1231 Drexel Avenue.

What are the annual taxes for 1231 Drexel Avenue?

Annual taxes for this multi-family home are estimated at $28,445.

What is the square footage on this multi-family home?

According to the MLS, this listing is 5,189 sqft.

1231 Drexel Avenue is a -bedroom multi-family home for sale in DREXEL HILL PA 19026. On Prevu for 6 days at $920,000. This residence features 5,189 square feet of living space, located in Delaware County. The median listing price for multi-family homes in this area is $455,000. Property amenities include parking. Explore more multi-family home listings in Delaware County.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.