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: Oct 27 Last Checked: Oct 26 at 4:04PM

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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 / Yr

$12,700

Cap Rate

5.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$254,000 $254.0K

Cap Rate 7%

$181,429 $181.4K

Cap Rate 9%

$141,111 $141.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 940 SF

Gross rent

$24.6K $26.16/SF

− Vacancy

−$1.5K −$1.60/SF

EGI

$23.1K $24.56/SF

− OpEx

−$10.4K −$11.05/SF

NOI

$12.7K $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 Rate 5%

$254,000

Cap Rate 7%

$181,429

Cap Rate 9%

$141,111

Alternative Uses

Best Use

Apartment 5plus

$181.4K

$158.8K – $211.7K (±1% cap)

NOI $12,700 @ 7.0% cap · market cap 5.55%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$540.7K

$473.1K – $630.8K (±1% cap)

NOI $37,849 @ 7.0% cap · market cap 16.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

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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

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