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56 W Albemarle Avenue

Lansdowne, PA 19050

– beds
– baths
3,146 sqft
6,534 sqft lot
$111 per sqft
1936 build

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BACK ON MARKET!!! Investors Alert!!!! Discover the perfect blend of charm, functionality, and investment potential at 56 W Albemarle Ave, Lansdowne. Whether you’re an investor seeking a solid multi-unit property or a live-in landlord envisioning the ease of owning rental units, this purpose-built quadplex offers everything you need for long-term success. Unlike converted properties, this building was designed from the ground up to be a four-unit residence, ensuring thoughtful layouts and utility metering for each tenant's comfort and your peace of mind. As you approach this well-maintained building on a quiet, tree-lined street, you’ll immediately notice the attention to detail and care put into the property. Step inside to a welcoming shared entryway that leads to four spacious, light-filled units, each designed to offer both comfort and functionality. Picture tenants or yourself settling into one of the bright living rooms, with ample space for relaxing, entertaining, or working from home. Each unit features a generous bedroom, providing a tranquil retreat at the end of the day, along with a fully-equipped bathroom and a large eat-in kitchen—a space where renters can easily imagine gathering for meals or hosting friends. The convenience continues with dual access points for each unit, giving tenants their own private rear entrance in addition to the front entry, making comings and goings seamless and private. Downstairs, the basement offers shared coin operated laundry facilities and extra storage space, adding even more appeal to prospective tenants who value convenience. For the investor, this property is a dream: each unit is separately metered for electric, gas, and hot water, meaning tenants are responsible for their own utilities, reducing your overhead costs and streamlining management. The back of the property features a spacious parking area, an added benefit that tenants will appreciate, and a 4-car detached garage that offers additional income potential through rental opportunities (all garages currently rented). Located just moments from parks, restaurants, major thoroughfares, and easy access to both Center City Philadelphia and Philadelphia International Airport, this property is perfectly positioned to attract long-term renters. While some units may benefit from minor updates, the building is in excellent condition and ready for its next owner to take it to the next level. Whether you’re looking to grow your investment portfolio or live in one unit while renting out the others, 56 W Albemarle Ave offers you flexibility and stability and is one of Delaware County’s most desirable quadraplexes currently available. Don’t miss out on this chance to own a piece of Lansdowne—CASH & CONVENTIONAL offers ONLY. Envision the possibilities, and take the first step toward making this quadplex your own. Reach out today to schedule a viewing!

Listing courtesy of BRIGHT / RE/MAX Preferred - Newtown Square

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# PADE2074756 —

The Building

Year Built:

1936
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Structure Type:

Detached
Architectural Style:

Traditional
Historic:

No
Building Levels:

3
Building Units Total:

4
Roof:

Architectural Shingle
Security Features:

Carbon Monoxide Detector(s), Smoke Detector
Accessibility Features:

None
Foundation Details:

Block
Basement:

Yes
Basement Type:

Unfinished, Walkout Stairs, Windows
Building Winterized:

No
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

3146

Interior

Room Count:

20
Flooring Type:

Hardwood, Laminated
Fireplace:

No
Wall & Ceilings:

Dry Wall
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

3146
Living Area SqFt:

3,146 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Buyer Financing:

Cash
Possession:

0-30 Days CD, 31-60 Days CD, Negotiable

Location

Directions:

Waze it
Latitude:

39.94584000
Longitude:

-75.28019000
Location Type:

Suburban

The Property

Property Subtype:

Quadruplex
Property Type:

Multi-Family
Property Condition:

Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.15
Lot Size Source:

Assessor
Lot Size Dimensions:

50.00 x 140.00
Lot Dimensions Source:

Assessor
Lot SqFt:

6,534 Sqft
Inclusions:

Washer Dryer in Basement
Exclusions:

Tenants personal property
Zoning Description:

R-40 Four Family 2 STY APTS 50x140
Zoning:

R-40 FOUR FAMILY
Road Surface Type:

Paved
Road Responsibility:

Boro/Township
View:

Garden/Lawn, Street
Outdoor Living Structures:

Balconies- Multiple
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

R-40
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

23-00-00085-00
Tax Year:

2024
Tax Lot:

167-000
Tax Annual Amount:

$14,694
Tax Assessed Value:

$283,160
Year Assessed:

2024
School Tax:

8695.0
County Tax:

980.00
City/Town Tax:

5019.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Electric Service:

100 Amp Service
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

William Penn
School District Source:

Listing Agent

The Community

Exterior Features:

Exterior Lighting, Flood Lights, Sidewalks, Secure Storage
Pool:

No Pool
Spa:

No
Association Recreation Fee:

No
Municipal Trash:

Yes

Parking

Total Garage and Parking Spaces:

8
Garage:

Yes
Garage Features:

Garage - Rear Entry
Garage Spaces:

4.00
Type of Parking:

Detached Garage, Driveway, On Street
Parking Features:

Free, Paved Driveway, Paved Parking, Private
# of Detached Garage Spaces:

4
Driveway - # of Spaces:

4

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 3
Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
10/31/24 Oct 31, 2024	Sold	BRIGHT	$350,000
10/22/24 Oct 22, 2024	Pending	BRIGHT	$350,000
10/18/24 Oct 18, 2024	Relisted	BRIGHT	$350,000

Multifamily Sold on 10/31/2024

$350,000

Listing provided by broker:

Philip Winicov

RE/MAX Preferred - Newtown Square

michaeldadamo@comcast.net

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Listing Courtesy of: BRIGHT and RE/MAX Preferred - Newtown Square.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

56 W Albemarle Avenue

Lansdowne, PA 19050