67 Owen Ave · Lansdowne, PA 19050

$409,000

15 bd · 9.0 ba · 3,087 sqft · MultiFamily · 71 Days on market

Built 1900 Fair condition 5,227 sqft lot $132/sqft · 8% above area Est $379k · 8% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.7/5.0
• Livability +4.2/5.0
• ARV discount +4.0/15.0
• Condition / age +2.2/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Welcome 67 (SIX - SEVEN!!!) Owen Avenue! A charming triplex nestled in the heart of historic Lansdowne, Pennsylvania—a delightful borough just minutes from Philadelphia that perfectly blends small-town warmth with easy urban access. This lovely multi-family home sits along tree-lined streets adorned with beautiful Victorian-era architecture, offering the perfect blend of character and modern comfort. Each of the three spacious units features bright, inviting living spaces with generous room sizes, and thoughtful layouts designed for comfortable everyday living or effortless rental income. Whether you're an investor seeking a turnkey property with strong income potential or a homeowner looking to occupy one unit while the others help offset your mortgage, this triplex delivers versatility and value. The well-maintained structure preserves the graceful details of Lansdowne's historic homes while providing practical features that today's residents appreciate. Lansdowne itself is a true gem: a tight-knit community known for its flourishing arts scene, excellent local restaurants, weekly farmers market, and abundant parks—including one with a majestic 400-year-old sycamore tree. Stroll the walkable streets, enjoy community events at the historic theater, or hop on convenient public transit for a quick ride into downtown Philadelphia. Families, young professionals, and creatives all thrive here in this vibrant yet peaceful setting. With its prime location, timeless appeal, and income-generating possibilities, this triplex represents a wonderful opportunity to own a piece of Lansdowne's rich heritage while building equity and community connections. Come envision your future in this special property—where history, convenience, and possibility come together beautifully.

Key facts

• 5,227 sq ft lot
• 2 parking spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 3 × 5-bed/3.0-bath units multifamily listed at $409k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive. Per door: $707/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $409k).
• Recommended offer: $384k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 3.6% in Lansdowne — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#128 in PA, #1,005 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+.
• William Penn SD (suburban): math 11% / reading 28% proficiency, ranked #491 of 539 in PA (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.9%/yr); 94 active listings in the ZIP; 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).
• At $6,261/mo this rent would consume 123% of the median local household income ($61k/yr) (locally 1738% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $115k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($384k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $384,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.53% ✓
• Cap rate: 12.51%
• Cash-on-cash: 22.21%
• DSCR: 1.99
• GRM: 5.4

CMA / ARV

• ARV (median comp): $379,456
• List price: $409,000
• Delta: 7.79%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 20.5%
• Equity multiple: 1.89×
• Total profit: $101,911
• Equity at exit: $60,983

10-year hold

• IRR: 31.9%
• Equity multiple: 4.61×
• Total profit: $413,561
• Equity at exit: $35,363

Cash invested: $114,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 19050

• Rents YoY: 8.9%
• Active inventory: 94
• Price-to-rent: 16.3×

Monthly cashflow live

• Estimated rent: $6,261 medium
• Mortgage (P&I): −$2,145
• Tax est. 1.5%: −$511 /mo · $6,135/yr
• Insurance: −$170
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,315
• Net cashflow: $2,120

Break-even live

Break-even rent $3,578

Max offer price $409,000

Occupancy floor 61%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	5	3	$6,261
Total (3 units)			$6,261

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $102,250
• Closing costs: $12,270
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $409,000 Active 71 DOM
2. 2026-06-17
   days on market $409,000 Active 70 DOM
3. 2026-06-16
   days on market $409,000 Active 69 DOM
4. 2026-06-15
   days on market $409,000 Active 68 DOM
5. 2026-06-13
   days on market $409,000 Active 66 DOM
6. 2026-06-13
   days on market $409,000 Active 65 DOM
7. 2026-06-09
   days on market $409,000 Active 62 DOM
8. 2026-06-08
   days on market $409,000 Active 61 DOM
9. 2026-06-07
   days on market $409,000 Active 60 DOM
10. 2026-06-04
    days on market $409,000 Active 57 DOM
11. 2026-06-03
    days on market $409,000 Active 56 DOM
12. 2026-06-02
    days on market $409,000 Active 55 DOM
13. 2026-06-01
    days on market $409,000 Active 54 DOM
14. 2026-05-31
    days on market $409,000 Active 53 DOM
15. 2026-04-09
    listed $409,000 Active 1809-char remark

    Show marketing remark (1809 chars)

    Welcome 67 (SIX - SEVEN!!!) Owen Avenue! A charming triplex nestled in the heart of historic Lansdowne, Pennsylvania—a delightful borough just minutes from Philadelphia that perfectly blends small-town warmth with easy urban access. This lovely multi-family home sits along tree-lined streets adorned with beautiful Victorian-era architecture, offering the perfect blend of character and modern comfort. Each of the three spacious units features bright, inviting living spaces with generous room sizes, and thoughtful layouts designed for comfortable everyday living or effortless rental income. Whether you're an investor seeking a turnkey property with strong income potential or a homeowner looking to occupy one unit while the others help offset your mortgage, this triplex delivers versatility and value. The well-maintained structure preserves the graceful details of Lansdowne's historic homes while providing practical features that today's residents appreciate. Lansdowne itself is a true gem: a tight-knit community known for its flourishing arts scene, excellent local restaurants, weekly farmers market, and abundant parks—including one with a majestic 400-year-old sycamore tree. Stroll the walkable streets, enjoy community events at the historic theater, or hop on convenient public transit for a quick ride into downtown Philadelphia. Families, young professionals, and creatives all thrive here in this vibrant yet peaceful setting. With its prime location, timeless appeal, and income-generating possibilities, this triplex represents a wonderful opportunity to own a piece of Lansdowne's rich heritage while building equity and community connections. Come envision your future in this special property—where history, convenience, and possibility come together beautifully.

16. 2026-04-03
    historical $409,000 1809-char remark

    Show marketing remark (1809 chars)

    Welcome 67 (SIX - SEVEN!!!) Owen Avenue! A charming triplex nestled in the heart of historic Lansdowne, Pennsylvania—a delightful borough just minutes from Philadelphia that perfectly blends small-town warmth with easy urban access. This lovely multi-family home sits along tree-lined streets adorned with beautiful Victorian-era architecture, offering the perfect blend of character and modern comfort. Each of the three spacious units features bright, inviting living spaces with generous room sizes, and thoughtful layouts designed for comfortable everyday living or effortless rental income. Whether you're an investor seeking a turnkey property with strong income potential or a homeowner looking to occupy one unit while the others help offset your mortgage, this triplex delivers versatility and value. The well-maintained structure preserves the graceful details of Lansdowne's historic homes while providing practical features that today's residents appreciate. Lansdowne itself is a true gem: a tight-knit community known for its flourishing arts scene, excellent local restaurants, weekly farmers market, and abundant parks—including one with a majestic 400-year-old sycamore tree. Stroll the walkable streets, enjoy community events at the historic theater, or hop on convenient public transit for a quick ride into downtown Philadelphia. Families, young professionals, and creatives all thrive here in this vibrant yet peaceful setting. With its prime location, timeless appeal, and income-generating possibilities, this triplex represents a wonderful opportunity to own a piece of Lansdowne's rich heritage while building equity and community connections. Come envision your future in this special property—where history, convenience, and possibility come together beautifully.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $75,132
• − Mortgage interest: −$22,910
• − Property taxes: −$6,135
• − Insurance: −$2,045
• − Repairs & maintenance: −$6,011
• − Management: −$6,011
• − Depreciation: −$11,898
• Taxable income: $20,122
• Est. tax owed @ 24.0%: −$4,829
• After-tax cash flow: $20,607/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This triplex in Lansdowne, PA is in fair condition with moderate rehab needed. It offers potential for significant value increase with updates to the kitchen, interior paint, landscaping, and HVAC system.

Repairs flagged

• Major kitchen appliances — Old and worn, likely not functioning properly.
• Minor kitchen countertops — Need cleaning and possibly replacement due to stains.
• Minor paint — Chipping in some areas, needs touch-up or repainting.
• Minor landscaping — Overgrown and needs trimming for better curb appeal.

Value-add opportunities

• Both Paint interior walls — Fresh paint can improve the overall appearance and value of the property.
• Both Replace kitchen appliances — Modern appliances can attract more renters and buyers.
• Both Landscaping — A well-maintained exterior can increase curb appeal and property value.
• Both HVAC cleaning — A clean HVAC system can improve air quality and reduce energy costs.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen appliances · Old and worn, likely not functioning properly.	Major	$15,000–50,000
kitchen countertops · Need cleaning and possibly replacement due to stains.	Minor	$500–3,000
paint · Chipping in some areas, needs touch-up or repainting.	Minor	$500–3,000
landscaping · Overgrown and needs trimming for better curb appeal.	Minor	$500–3,000
Total estimated repair cost · 4 items		$16,500–59,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint can improve the overall appearance and value of the property. ↑
• Both Replace kitchen appliances — Modern appliances can attract more renters and buyers. ↑
• Both Landscaping — A well-maintained exterior can increase curb appeal and property value. ↑
• Both HVAC cleaning — A clean HVAC system can improve air quality and reduce energy costs. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: William Penn SD
• NCES district ID: 4226390
• Math proficiency: 11% ▼ -3.00%
• Reading proficiency: 28% ▼ -7.00%
• Median HH income: $48,543
• Composite: 17.29/100
• National rank: #9086
• State rank: #491 of 539 in PA

Livability — Lansdowne

• Score: 83/100
• State rank: #128
• US rank: #1005

Category grades

Amenities C Commute A+ Cost of living A+ Crime A- Employment B Housing A+ Health & safety A- User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansdowne, PA
• County: Delaware County · 399,863 people
• City population: 29,373
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 29,373
• Household income: $60,859
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1738.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (67%)
• Race & ethnicity: Black 67% White 22% Two or more races 5% Hispanic / Latino 5% Asian 2%
• Common ancestry: Swiss 4% Hispanic 3% Lithuanian 1%
• Foreign-born: 17% · Canada, United Kingdom, Vietnam
• Languages at home: 84% English-only · French/Haitian/Cajun 5% Spanish 3% Other Indo-European 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -202.83%
• Current HPI: 287.6419
• Rent YoY: ▲ 8.87%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-04-09 Listed $409,000 BRIGHT MLS
• 2026-04-03 Coming Soon $409,000 BRIGHT MLS