1151 Morton Ave, Folsom, PA, 19033
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Average
- Year built: 1920
Materials
- Foundation: Stone
- Roof: Architectural Shingle,Asphalt,Pitched,Rubber,Shingle
- Construction materials: Cast Iron Plumbing,Copper Plumbing,Glass,Masonry,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Colonial,Traditional,Victorian
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Water Heater
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Full
Features
- Dry Wall,High Ceilings,Plaster Walls
- Flooring: Carpet,Vinyl
Heating & Cooling
- Heating features: Hot Water,Electric,Natural Gas,Natural Gas Available
- Cooling features: Ceiling Fan(s),Wall Unit(s)
Interior Area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 38030167700
- Zoning: RES
- Special condition: Standard
Features
- Pool features: None
- Patio & porch: Enclosed,Porch
- Exterior features: Lighting,Rain Gutters,Sidewalks,Balcony
Lot
- Lot size: 8,712 sqft
- Features: Front Yard,Rear Yard
- Lot size dimensions: 50.00 x 175.00
Parking
- Total spaces: 7
- Parking features: Storage,Covered,Garage Faces Front,Asphalt,Detached,Driveway,On Street
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Winter Weather
- Cold Wave
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,725 | $32,700 |
| Home Insurance * | $230 | $2,760 |
| Property Taxes | $727 | $8,724 |
| Electricity | $351 | $4,213 |
| Total | $4,033 | $48,396 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-02 | Listed for sale | $565,000 |
| 2023-03-07 | Listing removed | -- |
| 2022-04-14 | Pending sale | $400,000 |
| 2022-04-13 | Sold | $395,000 |
| 2022-03-11 | Pending sale | $400,000 |
| 2022-03-08 | Listed for sale | $400,000 |
| 2001-05-07 | Sold | $138,500 |
| 1994-07-12 | Sold | $138,500 |
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