Residential Property with Private
For Sale
$595,000
Pending
115 CORNERSTONE DRIVE Unit 115, Newtown Square, PA 19073
The floor plan includes two bedrooms, two full bathrooms, and a flexible third room for office, den, or guest use.
Property Size1,687 SF
Days on Market23
Property Features for 115 CORNERSTONE DRIVE Unit 115
General Information
Standard status
Pending
Size
1,687 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,443
Amenities
fireplace
private patio
swimming pool
tennis courts
clubhouse
Building Details
Building Size
1,687 SF
Year Built
2008
Listing Agency:
EXP Realty, LLC
Listed By:
Janet R Busillo · License #RS289897
(610) 888-8792
Source:
Lizclarkrealestate
Added: Sep 24
Changed: Oct 14
Last Checked: Oct 15 at 4:49AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 2008 residential property offers two bedrooms and two full bathrooms, plus a separate room that can serve as an office, den, or guest space. The living area has a fireplace and connects with the dining space and open kitchen, which includes stainless steel appliances, counter seating, and substantial cabinetry. A private patio provides outdoor space. The primary suite has an ensuite bathroom with a soaking tub and a walk-in closet.
Community features include a swimming pool, tennis courts, clubhouse, and a courtyard with a fountain and seating. Newtown Square Town Center, with restaurants, shops, and personal services, is a short drive away.
Community features include a swimming pool, tennis courts, clubhouse, and a courtyard with a fountain and seating. Newtown Square Town Center, with restaurants, shops, and personal services, is a short drive away.
Key Highlights
- Two bedrooms, two full bathrooms, and a flexible third room
- Living room fireplace and open connection to the dining area and kitchen
- Kitchen with stainless steel appliances, counter seating, and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,912
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,240
$338.2K
Cap Rate 7%
$241,600
$241.6K
Cap Rate 9%
$187,911
$187.9K
Market Conditions
NOI Build-Up for 1,687 SF
Gross rent
$35.6K $21.12/SF
− Vacancy
−$4.9K −$2.89/SF
EGI
$30.7K $18.23/SF
− OpEx
−$13.8K −$8.20/SF
NOI
$16.9K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,240
Cap Rate 7%
$241,600
Cap Rate 9%
$187,911
Alternative Uses
Best Use
Apartment 5plus
$241.6K
$211.4K – $281.9K
NOI $16,912 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.5K
$447.6K – $596.7K
NOI $35,804 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Explore this area
Business Placement
Demographics for 19073, PA
20,853
Population
8,645
Households
2.4
Avg Household Size
50
Median Age
65%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,017
Density / Sq Mi
$131,061
Median Household Income
$82,880
Median Earnings
$1,987
Median Rent
$581,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The floor plan includes two bedrooms, two full bathrooms, and a flexible third room for office, den, or guest use.
Where is this residential income property located?
The property is located at 115 CORNERSTONE DRIVE Unit 115 Newtown Square, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two bedrooms, two full bathrooms, and a flexible third room; Living room fireplace and open connection to the dining area and kitchen; Kitchen with stainless steel appliances, counter seating, and ample cabinetry
