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Sold for $350,000 on 10/31/24
  • $350,000

    56 W Albemarle Ave, Lansdowne, PA 19050

    4beds
    4baths
    3,146sqft
    Quadruplex
    Built in 1936
    -- sqft lot
    $446,100 Zestimate®
    $111/sqft
    $1,825 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: October 31, 2024 at 08:21am

    Listed by:

    Philip P Winicov 610-613-5771,

    RE/MAX Preferred - Newtown Square

    Bought with:

    Shawn Quinn, RS360654

    Realty Mark Associates-CC

    Source: Bright MLS,MLS#: PADE2074756MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Basement
    • Area: 0
    Heating
    • Hot Water, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater
    Features
    • Dry Wall
    • Flooring: Hardwood, Laminate
    • Basement: Unfinished,Walk-Out Access,Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 3,146
    • Total interior livable area: 3,146 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage Faces Rear, Free, Driveway, Paved, Private, Detached, On Street
    • Garage spaces: 4
    • Uncovered spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Exterior features: Lighting, Flood Lights, Sidewalks, Storage, Balcony
    • Pool features: None
    • Has view: Yes
    • View description: Garden, Street
    Lot
    • Size: 6,534 sqft
    • Dimensions: 50.00 x 140.00
    • Features: Suburban
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 23000008500
    • Zoning: R-40 FOUR FAMILY
    • Zoning description: R-40 Four Family 2 STY APTS 50x140
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    Materials
    • Brick
    • Foundation: Block
    • Roof: Architectural Shingle
    Condition
    • Good
    • New construction: No
    • Year built: 1936

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Lansdowne
    • Municipality: LANSDOWNE BORO

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Road surface type: Paved
    Services availability
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