One-Bedroom Residential Income
For Sale
$262,500
11011 BENNETT PLACE, Southampton, PA 18966
A second-floor home combines vaulted living-room ceilings with a balcony and additional attic storage.
Property Size761 SF
Price / SF$344.94
Days on Market98
Property Features for 11011 BENNETT PLACE
General Information
Standard status
Active
Size
761 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,567
Amenities
pool
tennis
basketball
tot lots
clubhouse
Building Details
Building Size
761 SF
Year Built
1986
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 26 at 3:44PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 761-square-foot, second-floor unit in Tamerlane has one bedroom, a vaulted living-room ceiling, and sliding glass doors opening to a rebuilt balcony with an outdoor storage closet. A pull-down stair provides access to a partially floored attic. The kitchen and bathroom are original; the kitchen is clean and functional. The refrigerator was replaced 1 year ago, and the stacked washer and dryer are under 3 years old. HVAC was replaced in July 2025 and carries a 10-year limited warranty. The unit was built in 1986.
The Village Shires community offers three pools, two clubhouses, tennis and basketball courts, and tot lots. The pool is a 2-minute walk away. The property is in Council Rock Schools and is less than a 10-minute drive from restaurants, bars, grocery stores, shops, and other conveniences in and around Newtown. Association fees cover trash, lawn care, and snow removal.
The Village Shires community offers three pools, two clubhouses, tennis and basketball courts, and tot lots. The pool is a 2-minute walk away. The property is in Council Rock Schools and is less than a 10-minute drive from restaurants, bars, grocery stores, shops, and other conveniences in and around Newtown. Association fees cover trash, lawn care, and snow removal.
Key Highlights
- 761‑square‑foot, second‑floor unit with one bedroom
- Vaulted living‑room ceiling and rebuilt balcony with outdoor storage closet
- Partially floored attic accessed by pull‑down stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,422
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,440
$188.4K
Cap Rate 7%
$134,600
$134.6K
Cap Rate 9%
$104,689
$104.7K
Market Conditions
NOI Build-Up for 761 SF
Gross rent
$17.7K $23.28/SF
− Vacancy
−$585 −$0.77/SF
EGI
$17.1K $22.51/SF
− OpEx
−$7.7K −$10.13/SF
NOI
$9.4K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,440
Cap Rate 7%
$134,600
Cap Rate 9%
$104,689
Alternative Uses
Best Use
Apartment 5plus
$134.6K
$117.8K – $157.0K
NOI $9,422 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.7K
$201.9K – $269.2K
NOI $16,151 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
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Business Placement
Demographics for 18966, PA
38,079
Population
14,199
Households
2.7
Avg Household Size
47
Median Age
48%
College-Educated
97%
High-School Grad
16.3 sq mi
ZIP Area
2,336
Density / Sq Mi
$119,741
Median Household Income
$63,712
Median Earnings
$1,840
Median Rent
$466,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor home combines vaulted living-room ceilings with a balcony and additional attic storage.
Where is this residential income property located?
The property is located at 11011 BENNETT PLACE Southampton, PA.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: 761‑square‑foot, second‑floor unit with one bedroom; Vaulted living‑room ceiling and rebuilt balcony with outdoor storage closet; Partially floored attic accessed by pull‑down stairs
