426 Harvard Ave, Swarthmore, PA 19081

$2,400,000

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List Price
$2,400,000
Days on Market
2
Status
ACTIVE
MLS#
PADE2127188
Lot Size (Acres)
0.29
Year Built
1910
County
Delaware
School District
Wallingford-Swarthmore

Property Description

Introducing Harvard Square, a 10-unit apartment building located in Swarthmore, Pennsylvania. Swarthmore is a small, walkable Delaware County borough known for Swarthmore College, its independent downtown business district, and direct regional rail access to Center City Philadelphia. The borough’s established residential character and transit connectivity support consistent rental demand, positioning Harvard Square as a durable, long-term hold. Harvard Square offers (1) studio, (7) one-bedroom, and (2) two-bedroom units, one of which features two full baths. With seven of the ten units configured as one-bedrooms, the mix is well suited to the professionals, graduate students, and downsizers drawn to Swarthmore’s walkable setting. Situated in Delaware County, the Property is served by the SEPTA Media/Wawa Regional Rail Line at Swarthmore Station, providing a direct commute to Center City Philadelphia. Regional road access includes I-476 (the Blue Route), Baltimore Pike, and Route 320 (Chester Road), connecting residents to I-95, Philadelphia International Airport, and employment centers throughout the western suburbs. Swarthmore College and the shops and restaurants of downtown Swarthmore sit within walking distance. Currently and historically 100% occupied, Harvard Square delivers stable in-place income with a clear path to grow the NOI. In-place rents sit below the owner’s proposed rent schedule, allowing a new owner to capture mark-to-market gains organically as leases roll, without the execution of a heavy renovation program. For investors seeking a manageable, fully occupied foothold in a high-end, walkable, rail-served Delaware County borough, Harvard Square combines manageable scale, a strong location, and embedded upside. The asset’s small unit count keeps operations simple, while its Swarthmore address provides the long-term demand fundamentals that support steady appreciation.

Additional Information

Area
Swarthmore Boro (10443)
School District
Wallingford-Swarthmore
Heating
Hot Water
Cooling
Window/Wall
Water
Other
Sewer
Other

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Listing courtesy of Coldwell Banker Realty. Contact: