Residential Income Property with
New
For Sale
$149,000
1001 CITY AVENUE Unit W-610, Wynnewood, PA 19096
One-bedroom condominium residence with wooded views, extensive amenities, and shuttle access to nearby shopping.
Property Size910 SF
Days on Market5
Property Features for 1001 CITY AVENUE Unit W-610
General Information
Standard status
Active
Size
910 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,173
Building Details
Building Size
910 SF
Year Built
1962
Listing Agency:
BHHS Fox & Roach-Haverford
Listed By:
Ramon Michael Solis · License #RS349393
(215) 873-4414
Source:
Patmckennarealtors
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 18 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Haverford
Investment Insights
Based on property information with market context.
This one-bedroom condominium residence was built in 1962 and features a spacious interior with wall-to-wall windows, a private balcony, living room, dedicated dining area, and an oversized bedroom with substantial closet storage. The balcony overlooks wooded, landscaped grounds within a 23-acre community. Major utilities, including heat, air conditioning, electricity, and water, are covered through the condominium fee structure.
Community amenities include indoor and outdoor pools, a health club, tennis and pickleball courts, a garden, library areas, card rooms, and private event spaces. Security and service features include a gated entrance, doorman, concierge package delivery, and shuttle transportation to local shopping centers. The property is near the Overbrook Regional Rail station, Center City Philadelphia, and Lankenau Medical Center.
Community amenities include indoor and outdoor pools, a health club, tennis and pickleball courts, a garden, library areas, card rooms, and private event spaces. Security and service features include a gated entrance, doorman, concierge package delivery, and shuttle transportation to local shopping centers. The property is near the Overbrook Regional Rail station, Center City Philadelphia, and Lankenau Medical Center.
Key Highlights
- One‑bedroom condominium residence with private balcony and wooded views
- Located within a landscaped 23‑acre condominium community
- Wall‑to‑wall windows, dedicated dining area, and oversized bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,294
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,880
$245.9K
Cap Rate 7%
$175,629
$175.6K
Cap Rate 9%
$136,600
$136.6K
Market Conditions
NOI Build-Up for 910 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.8K $26.16/SF
− Vacancy
−$1.5K −$1.60/SF
EGI
$22.4K $24.56/SF
− OpEx
−$10.1K −$11.05/SF
NOI
$12.3K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,880
Cap Rate 7%
$175,629
Cap Rate 9%
$136,600
Alternative Uses
Best Use
Apartment 5plus
$175.6K
$153.7K – $204.9K
NOI $12,294 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$523.4K
$458.0K – $610.7K
NOI $36,641 @ 7.0% cap · market cap 24.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 19096, PA
15,390
Population
5,894
Households
2.6
Avg Household Size
44
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
4,397
Density / Sq Mi
$186,648
Median Household Income
$104,063
Median Earnings
$2,107
Median Rent
$711,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium residence with wooded views, extensive amenities, and shuttle access to nearby shopping.
Where is this residential income property located?
The property is located at 1001 CITY AVENUE Unit W-610 Wynnewood, PA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: One‑bedroom condominium residence with private balcony and wooded views; Located within a landscaped 23‑acre condominium community; Wall‑to‑wall windows, dedicated dining area, and oversized bedroom
