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About the Listing CBPREMED - 3343432,3283422
Welcome to 1151 Morton Ave, an exceptional multi-unit investment opportunity located in the desirable Ridley Township. This spacious 3,200 sq. ft. detached property offers three well-positioned units—including one 1-bedroom, one 2-bedroom, and one 3-bedroom unit—all currently leased, providing immediate rental income of $54,000 annually. Built in 1920 and full of character, this three-level property with a full basement blends classic construction with functional updates, including durable vinyl siding, a new roof in 2019, new windows in 2001 and new boilers in 2024 and 2025. Units are individually metered for electric and gas, owner pays water and common area electric. This triplex sits on a generous 50 x 175 lot with parking that accommodates up to 6 vehicles and a stand alone single car garage—a rare find for multi-unit properties. Conveniently located near major routes, public transportation (including the SEPTA Media Line station less than a mile away), and just minutes from the airport, this property is ideal for commuters and tenants alike. Situated within the Ridley School District adding to its long-term rental desirability. Whether you’re looking to expand your portfolio or secure a solid income-producing asset in a high-demand area, 1151 Morton Ave presents a unique opportunity with strong upside potential.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
PADE2113382
Year Built
1920
Total Square Footage
3,200
Lot/Acreage
0.2
County
Delaware
Neighborhood
None Available
Area
Ridley Twp (10438)
School District
Ridley
Elementary School
Edgewood
Middle School
Ridley
High School
Ridley
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Wall Unit
- Heating: Hot Water
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft: 3200
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Front Yard,Rear Yard,Not New Construction,Horse Property: No
- Garage Capacity: 1 car
- Parking Spaces: 7
- Lot Dimensions: 50.00 x 175.00
- Zoning: RES
- Roof: Architectural Shingle,Asphalt,Pitched,Rubber,Shingle
- Others: Exterior Lighting,Gutter System,Sidewalks,Average
- Sewer: Public Sewer
- Parking Features: Asphalt Driveway,Additional Storage Area,Covered Parking,Garage - Front Entry,Detached Garage,Driveway,On Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $8,620
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2021
Payment Calculator
Monthly Payment
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Years
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Questions About..
1151 Morton Ave Folsom, PA 19033
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