First-Floor Condominium
For Sale
$246,750
1111-A JEFFERSON COURT, Lansdale, PA 19446
The two-bedroom residence features an open-plan layout within the Morgandale condominium complex.
Property Size945 SF
Price / SF$261.11
Days on Market18
Property Features for 1111-A JEFFERSON COURT
General Information
Standard status
Active
Size
945 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,179
Building Details
Building Size
945 SF
Year Built
1980
Listing Agency:
BHHS Keystone Properties
Listed By:
Gary L Cassel · License #RM041673B
(215) 450-2373
Source:
Thejrsrealtygroup
Added: Oct 15
Changed: Nov 1
Last Checked: Nov 1 at 1:41AM
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 Keystone Properties
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Investment Insights
Based on property information with market context.
This first-floor condominium residence offers two bedrooms and an open-plan interior. The unit contains 945 square feet and is part of the Morgandale condominium complex, built in 1980.
The property is in Towamencin Township, Montgomery County, with shopping, entertainment, banks, and pharmacies nearby. Merck & Company and the Lansdale interchange of the Northeast Extension of the Pennsylvania Turnpike are also within minutes.
The property is in Towamencin Township, Montgomery County, with shopping, entertainment, banks, and pharmacies nearby. Merck & Company and the Lansdale interchange of the Northeast Extension of the Pennsylvania Turnpike are also within minutes.
Key Highlights
- 945‑square‑foot, two‑bedroom condominium residence
- First‑floor unit with an open‑plan layout
- Located in the Morgandale condominium complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,767
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,340
$255.3K
Cap Rate 7%
$182,386
$182.4K
Cap Rate 9%
$141,856
$141.9K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$24.7K $26.16/SF
− Vacancy
−$1.5K −$1.60/SF
EGI
$23.2K $24.56/SF
− OpEx
−$10.4K −$11.05/SF
NOI
$12.8K $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 Rate 5%
$255,340
Cap Rate 7%
$182,386
Cap Rate 9%
$141,856
Alternative Uses
Best Use
Apartment 5plus
$182.4K
$159.6K – $212.8K
NOI $12,767 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$543.6K
$475.6K – $634.2K
NOI $38,050 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 19446, PA
58,930
Population
24,983
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
2,608
Density / Sq Mi
$103,875
Median Household Income
$60,396
Median Earnings
$1,738
Median Rent
$415,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence features an open-plan layout within the Morgandale condominium complex.
Where is this residential income property located?
The property is located at 1111-A JEFFERSON COURT Lansdale, PA.
What is the asking price?
The asking price for this property is $246,750.
What are key features of this property?
This property features: 945‑square‑foot, two‑bedroom condominium residence; First‑floor unit with an open‑plan layout; Located in the Morgandale condominium complex
