Residential Income
For Sale
$459,500
118 MONTROSE AVENUE Unit B, Bryn Mawr, PA 19010
A second-floor condominium in a three-residence stone building offers single-level living and a private deck.
Property Size1,800 SF
Price / SF$255.28
Days on Market8
Property Features for 118 MONTROSE AVENUE Unit B
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,316
Amenities
in-unit laundry
private outdoor deck
air conditioning
basement storage
guest parking
Building Details
Building Size
1,800 SF
Year Built
1931
Construction
stone
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Tracy L Gaffney · License #RS274351
(610) 416-1163
Source:
Lizclarkrealestate
Added: Oct 27
Changed: Oct 31
Last Checked: Nov 3 at 1:37PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This second-floor condominium occupies part of a 1931 stone residence containing three homes. The approximately 1,800 SF layout includes two bedrooms, two full baths, a living room, formal dining room, and an eat-in kitchen with quartz countertops. French doors lead from the dining room to a private deck. Hardwood floors, high ceilings, in-unit laundry, air conditioning, a new furnace, and basement storage are also included. The listing notes room to create a third bedroom or office.
The property is in Bryn Mawr, with restaurants, coffee shops, shopping, and SEPTA Regional Rail within walking distance. Bryn Mawr Hospital and Villanova University are also nearby. Two dedicated parking spaces and guest parking serve the residence.
The property is in Bryn Mawr, with restaurants, coffee shops, shopping, and SEPTA Regional Rail within walking distance. Bryn Mawr Hospital and Villanova University are also nearby. Two dedicated parking spaces and guest parking serve the residence.
Key Highlights
- Approximately 1,800 SF of single‑level living
- Two bedrooms and two full baths, with room for a third bedroom or office
- Private deck accessed through French doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,044
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,880
$360.9K
Cap Rate 7%
$257,771
$257.8K
Cap Rate 9%
$200,489
$200.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$38.0K $21.12/SF
− Vacancy
−$5.2K −$2.89/SF
EGI
$32.8K $18.23/SF
− OpEx
−$14.8K −$8.20/SF
NOI
$18.0K $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%
$360,880
Cap Rate 7%
$257,771
Cap Rate 9%
$200,489
Alternative Uses
Best Use
Apartment 5plus
$257.8K
$225.6K – $300.7K
NOI $18,044 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
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Business Placement
Demographics for 19010, PA
21,270
Population
8,520
Households
2.5
Avg Household Size
38
Median Age
77%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
2,502
Density / Sq Mi
$143,986
Median Household Income
$61,732
Median Earnings
$1,890
Median Rent
$788,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor condominium in a three-residence stone building offers single-level living and a private deck.
Where is this residential income property located?
The property is located at 118 MONTROSE AVENUE Unit B Bryn Mawr, PA.
What is the asking price?
The asking price for this property is $459,500.
What are key features of this property?
This property features: Approximately 1,800 SF of single‑level living; Two bedrooms and two full baths, with room for a third bedroom or office; Private deck accessed through French doors
