Building Details

Year Built 1973

Listing Agency: Tesla Realty Group, LLC i***@teslarealtygroup.com Show Phone

Listed By: Mihir R Mistry · License #RS374038 Show Phone

Source: Cummingsrealtors

Added: Jul 28 Changed: Sep 3 Last Checked: Sep 2 at 6:25PM

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Investment Insights

Based on property information with market context.

This first-floor 2-bedroom, 1-bath condo includes a sunlit, functional layout with a living area that opens to a large backyard space. The kitchen provides ample cabinetry and workspace, and in-unit laundry adds day-to-day convenience. The community is pet-friendly and offers a pool, tot lot, basketball court, and recreation field.

The condo is positioned near the Schuylkill River Trail and within reach of Phoenixville’s shopping, dining, and major commuter routes, supporting both everyday errands and travel.

A reserved parking space is included. The condo fee covers water, sewer, gas, trash, and snow removal, helping keep ownership responsibilities simplified and low-maintenance.

Key Highlights

• 1973‑built, first‑floor 2‑bedroom, 1‑bath condo in Mont Clare
• In‑unit laundry and a kitchen with ample cabinetry and workspace
• Sunlit living area with direct flow to a large backyard area

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

$10,193

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

4.45%

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%

$203,860 $203.9K

Cap Rate 7%

$145,614 $145.6K

Cap Rate 9%

$113,256 $113.3K

Market Conditions

NOI Build-Up for 940 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

$20.1K $21.36/SF

− Vacancy

−$1.5K −$1.64/SF

EGI

$18.5K $19.72/SF

− OpEx

−$8.3K −$8.87/SF

NOI

$10.2K $10.84/SF

Area

Chester County, PA

Vacancy

7.70%

Lease Rate

$21.36 /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%

$203,860

Cap Rate 7%

$145,614

Cap Rate 9%

$113,256

Alternative Uses

Best Use

Apartment 5plus

$145.6K

$127.4K – $169.9K (±1% cap)

NOI $10,193 @ 7.0% cap · market cap 4.45%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$285.0K

$249.4K – $332.5K (±1% cap)

NOI $19,950 @ 7.0% cap · market cap 8.71%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Nail Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

Explore this area Business Placement

Demographics for 19453, PA

1,338

Population

775

Households

1.7

Avg Household Size

45

Median Age

46%

College-Educated

98%

High-School Grad

0.7 sq mi

ZIP Area

1,911

Density / Sq Mi

$73,826

Median Household Income

$49,788

Median Earnings

$1,761

Median Rent

$255,600

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Residential income property - First-floor 2-bedroom, 1-bath condo with in-unit laundry, a large backyard area, and one reserved parking space.

Where is this residential income property located?

The property is located at 1603 MEADOWVIEW LANE #1603 Mont Clare, PA.

What is the asking price?

The asking price for this property is $229,000.

What are key features of this property?

This property features: 1973‑built, first‑floor 2‑bedroom, 1‑bath condo in Mont Clare; In‑unit laundry and a kitchen with ample cabinetry and workspace; Sunlit living area with direct flow to a large backyard area