Condominium with
For Sale
$339,799
1302 DIAMOND DRIVE, Newtown, PA 18940
Updated interior includes a remodeled kitchen, hardwood floors, carpeting, and a balcony with a storage closet.
Property Size971 SF
Price / SF$349.95
Days on Market79
Property Features for 1302 DIAMOND DRIVE
General Information
Standard status
Active
Size
971 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,066
Amenities
balcony with storage closet
huge walk-in closet
ceiling fans
Building Details
Building Size
971 SF
Year Built
1991
Listing Agency:
Real/Pro Real Estate LLC
Listed By:
Daniel P Lacey · License #RS143692A
(215) 860-2900
Source:
Desantis-realestate
Added: Aug 13
Changed: Oct 28
Last Checked: Oct 27 at 3:47AM
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 Real/Pro Real Estate LLC
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Investment Insights
Based on property information with market context.
This 971-square-foot condominium, built in 1991, has a remodeled kitchen, hardwood flooring, and carpeting. Interior details include crown molding, wainscoting, plantation shutters, and custom blinds. A balcony with a storage closet adds private outdoor space.
The unit also features a newer hot water heater, a new heating system, three ceiling fans, smoke and carbon monoxide detectors, and a large walk-in closet.
The unit also features a newer hot water heater, a new heating system, three ceiling fans, smoke and carbon monoxide detectors, and a large walk-in closet.
Key Highlights
- 971‑square‑foot condominium built in 1991
- Balcony with storage closet
- Remodeled kitchen with hardwood flooring and carpeting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,022
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,440
$240.4K
Cap Rate 7%
$171,743
$171.7K
Cap Rate 9%
$133,578
$133.6K
Market Conditions
NOI Build-Up for 971 SF
Gross rent
$22.6K $23.28/SF
− Vacancy
−$746 −$0.77/SF
EGI
$21.9K $22.51/SF
− OpEx
−$9.8K −$10.13/SF
NOI
$12.0K $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%
$240,440
Cap Rate 7%
$171,743
Cap Rate 9%
$133,578
Alternative Uses
Best Use
Apartment 5plus
$171.7K
$150.3K – $200.4K
NOI $12,022 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.4K
$257.6K – $343.5K
NOI $20,608 @ 7.0% cap · market cap 6.06%
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
405
Businesses Nearby
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Business Placement
Demographics for 18940, PA
30,280
Population
11,763
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
875
Density / Sq Mi
$157,591
Median Household Income
$85,895
Median Earnings
$2,227
Median Rent
$623,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior includes a remodeled kitchen, hardwood floors, carpeting, and a balcony with a storage closet.
Where is this residential income property located?
The property is located at 1302 DIAMOND DRIVE Newtown, PA.
What is the asking price?
The asking price for this property is $339,799.
What are key features of this property?
This property features: 971‑square‑foot condominium built in 1991; Balcony with storage closet; Remodeled kitchen with hardwood flooring and carpeting
