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
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License #RS276586
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Coldwell Banker Realty
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6107421948
Last updated June 14, 2026
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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.
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