2-Bedroom Residential Income
For Sale
$139,500
1570 THE FAIRWAY Unit 312 E, Jenkintown, PA 19046
Updated co-op residence with elevator access, private balcony, and community pool amenities.
Property Size950 SF
Days on Market114
Property Features for 1570 THE FAIRWAY Unit 312 E
General Information
Standard status
Active
Size
950 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
heated saltwater pool
private balcony
Building Details
Building Size
950 SF
Year Built
1965
Listing Agency:
Homestarr Realty
Listed By:
Jodi Golub · License #RS311551
(215) 808-6311
Source:
Lizclarkrealestate
Added: May 15
Changed: Sep 2
Last Checked: Sep 4 at 10:59AM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
This two-bedroom, 1.5-bath co-op residence is located in an elevator building and includes a private balcony, galley kitchen, living room, dining area, and generously sized bedrooms with substantial closet space. Recent interior updates include fresh paint, new carpeting, luxury vinyl plank flooring in the kitchen and dining room, updated kitchen cabinetry, and matching dining-area built-ins. A counter connecting the kitchen and living room provides seating space.
Community features include a heated saltwater pool. The property is in the Abington School District and sits across from Baederwood Shopping Center, with Whole Foods, Planet Fitness, restaurants, salons, and banking nearby. Regional rail, Abington Jefferson Hospital, the local library, and Penn State Abington are also minutes away.
The co-op fee includes electric, heat, air conditioning, water, sewer, trash, recycling, taxes, basic cable, building maintenance, snow removal, landscaping, and pool access. The building was constructed in 1965.
Community features include a heated saltwater pool. The property is in the Abington School District and sits across from Baederwood Shopping Center, with Whole Foods, Planet Fitness, restaurants, salons, and banking nearby. Regional rail, Abington Jefferson Hospital, the local library, and Penn State Abington are also minutes away.
The co-op fee includes electric, heat, air conditioning, water, sewer, trash, recycling, taxes, basic cable, building maintenance, snow removal, landscaping, and pool access. The building was constructed in 1965.
Key Highlights
- Two‑bedroom, 1.5‑bath co‑op residence
- Fresh paint, new carpeting, and luxury vinyl plank flooring
- Updated kitchen cabinetry with matching dining‑area built‑ins
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
$12,835
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
9.20%
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%
$256,700
$256.7K
Cap Rate 7%
$183,357
$183.4K
Cap Rate 9%
$142,611
$142.6K
Market Conditions
NOI Build-Up for 950 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
$24.9K $26.16/SF
− Vacancy
−$1.5K −$1.60/SF
EGI
$23.3K $24.56/SF
− OpEx
−$10.5K −$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 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%
$256,700
Cap Rate 7%
$183,357
Cap Rate 9%
$142,611
Alternative Uses
Best Use
Apartment 5plus
$183.4K
$160.4K – $213.9K
NOI $12,835 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$546.5K
$478.2K – $637.5K
NOI $38,252 @ 7.0% cap · market cap 27.42%
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
1,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 19046, PA
19,669
Population
8,418
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
2,936
Density / Sq Mi
$112,959
Median Household Income
$66,042
Median Earnings
$1,433
Median Rent
$446,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated co-op residence with elevator access, private balcony, and community pool amenities.
Where is this residential income property located?
The property is located at 1570 THE FAIRWAY Unit 312 E Jenkintown, PA.
What is the asking price?
The asking price for this property is $139,500.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath co‑op residence; Fresh paint, new carpeting, and luxury vinyl plank flooring; Updated kitchen cabinetry with matching dining‑area built‑ins
