Remodeled Ground-Floor Income
For Sale
$258,000
1334 MONTGOMERY AVENUE Unit B1, Narberth, PA 19072
Updated condo with courtyard views, dedicated parking, in-unit laundry, and convenient access to downtown Narberth amenities.
Property Size615 SF
Days on Market103
Property Features for 1334 MONTGOMERY AVENUE Unit B1
General Information
Standard status
Active
Size
615 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,331
Amenities
in-unit washer and dryer
extra storage unit in lower level
Building Details
Building Size
615 SF
Year Built
1960
Listing Agency:
Main Line Executive Realty
Listed By:
Casey Daniel Murphy · License #RS378250
(610) 457-9050
Source:
Patmckennarealtors
Added: May 27
Changed: Sep 4
Last Checked: Aug 20 at 11:14AM
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 Main Line Executive Realty
Investment Insights
Based on property information with market context.
This ground-floor residential income property at 1334 Montgomery Avenue, Unit B1, features a remodeled interior with an open living arrangement and garden courtyard outlook. The kitchen has been redesigned with an oversized island, new appliances, and integrated lighting. Additional improvements include refinished hardwood floors, new tile, recessed dimmable fixtures, replacement windows, power shades, ceiling fans, and new A/C units. A remodeled bathroom adds a deep soaking tub, updated tile, and contemporary fixtures. The home also includes in-unit laundry, multiple closets, a dedicated laundry nook, a lower-level storage unit, and off-street parking for one car.
The property is located near downtown Narberth, with shopping, dining, and major retail destinations nearby. Suburban Square, Whole Foods, and the Wynnewood and Ardmore train stations are also within convenient reach, along with access to Center City Philadelphia. The building dates to 1960.
The property is located near downtown Narberth, with shopping, dining, and major retail destinations nearby. Suburban Square, Whole Foods, and the Wynnewood and Ardmore train stations are also within convenient reach, along with access to Center City Philadelphia. The building dates to 1960.
Key Highlights
- Remodeled ground‑floor condo with garden courtyard view
- Extra‑large kitchen island with new appliances
- In‑unit washer and dryer with dedicated laundry nook
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,309
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$166,180
$166.2K
Cap Rate 7%
$118,700
$118.7K
Cap Rate 9%
$92,322
$92.3K
Market Conditions
NOI Build-Up for 615 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.1K $26.16/SF
− Vacancy
−$981 −$1.60/SF
EGI
$15.1K $24.56/SF
− OpEx
−$6.8K −$11.05/SF
NOI
$8.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$166,180
Cap Rate 7%
$118,700
Cap Rate 9%
$92,322
Alternative Uses
Best Use
Apartment 5plus
$118.7K
$103.9K – $138.5K
NOI $8,309 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$353.8K
$309.5K – $412.7K
NOI $24,763 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 19072, PA
10,008
Population
4,400
Households
2.3
Avg Household Size
45
Median Age
82%
College-Educated
100%
High-School Grad
3.2 sq mi
ZIP Area
3,128
Density / Sq Mi
$175,833
Median Household Income
$86,133
Median Earnings
$1,956
Median Rent
$776,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with courtyard views, dedicated parking, in-unit laundry, and convenient access to downtown Narberth amenities.
Where is this residential income property located?
The property is located at 1334 MONTGOMERY AVENUE Unit B1 Narberth, PA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Remodeled ground‑floor condo with garden courtyard view; Extra‑large kitchen island with new appliances; In‑unit washer and dryer with dedicated laundry nook
