52 S Morton Ave - Apartments FOR SALE


Morton, PA 19070
$2,470,000 USD
215-454-2852
52 S Morton Ave, Morton, PA for Sale
$2,470,000 USD
Apartments - FOR SALE
1/12
null | 6.4% Cap Rate

52 S Morton Ave
Morton, PA 19070


HIGHLIGHTS

  • Value-Add Opportunity: Current rents are below market by 10% to 15%; Targeted upgrades to kitchens, baths, and common areas
  • Excellent Location: Steps from Baltimore Pike with Direct Access to Route 1 and I-476; Minutes to Center City, Springfield, and Media
  • Transit-Oriented: Walkable to Morton Station on the SEPTA Media/Wawa Regional Rail Line; Close to Route 107 Bus Service and nearby Trolley Access
  • Access to Employment: Convenient to Regional Employers - Mercy Fitzgerald Hospital (Trinity Health), Boeing, SAP America & UPS

OVERVIEW

52 S. Morton Avenue is a 19-unit multifamily asset located in highly sought-after Morton Borough in Delaware County, Pennsylvania. Strategically positioned in the walkable core of Morton Borough, the Property offers immediate access to regional transit, major employers, and key retail corridors, making it a desirable option for renters seeking convenience and value. The Property comprises (16) spacious one-bedroom units of ±700 square feet, and (3) well-laid-out efficiency units. This unit mix is perfect for young professionals in the area and is proven with a historical occupancy of 95% or better. 52 S. Morton Avenue benefits from its central location just off Baltimore Pike, with immediate access to Route 1 and I-476 (Blue Route), connecting residents to Center City Philadelphia, the airport, and the surrounding suburbs. The property is less than a 5-minute walk to Morton Station on the SEPTA Media/Wawa Regional Rail Line, providing a direct commuter link to University City and Center City. It is also served by SEPTA’s Route 107 bus, further enhancing regional connectivity. The property is surrounded by a diverse and stable employment base, including Mercy Fitzgerald Hospital (Trinity Health), Boeing, SAP America, and Harrah’s Philadelphia. This broad mix of employers - spanning healthcare, defense, education, and service sectors - supports a steady pipeline of qualified renters. With current rents approximately 10% to 15% below market, the property presents a compelling value-add opportunity. New ownership can achieve upside through modest renovations to the kitchens, bathrooms, and common areas. Additionally, operational efficiencies can be realized through more streamlined management and expense control, particularly for investors with a local or regional portfolio. The walkable location, stable occupancy, and manageable scale make 52 S Morton Avenue a prime candidate for both seasoned investors and new entrants seeking a foothold in one of the Philadelphia Region’s most consistently performing rental submarkets.

FOR SALE DETAILS

PRICE

$2,470,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

19

PRICE/UNIT

$130,000

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,224 SF

ZONING

Commercial

APN/PARCEL ID

29-00-00322-00

ASK ABOUT THIS PROPERTY

215-454-2852

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215-454-2852

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