Two-Bedroom First-Floor
For Sale
$299,999
Pending
1603 STEAMBOAT STATION, Southampton, PA 18966
A private porch, in-unit laundry, and natural gas heat add practical convenience to this two-bedroom residence.
Property Size1,100 SF
Days on Market51
Property Features for 1603 STEAMBOAT STATION
General Information
Standard status
Pending
Size
1,100 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,908
Building Details
Building Size
1,100 SF
Year Built
1988
Listing Agency:
Realty Mark Associates
Listed By:
Andrea Coar · License #RS362848
(215) 758-5651
Source:
Desantis-realestate
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 27 at 4:05AM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
This first-floor condo has two bedrooms, two full bathrooms, and an open living and dining area. The kitchen includes a dishwasher, refrigerator, stove, and garbage disposal. A walk-in closet serves the primary bedroom, while an exterior storage closet adds space beyond the unit. The living room opens to a private porch. Natural gas heat and central air provide year-round climate control.
Improvements include renovated bathrooms in 2023, a hot water heater installed in 2023, new rugs in 2022, and a washer, dryer, refrigerator, and stove added in 2025. The property was built in 1988. Shopping, restaurants, major roadways, and everyday services are identified as nearby conveniences.
Improvements include renovated bathrooms in 2023, a hot water heater installed in 2023, new rugs in 2022, and a washer, dryer, refrigerator, and stove added in 2025. The property was built in 1988. Shopping, restaurants, major roadways, and everyday services are identified as nearby conveniences.
Key Highlights
- First‑floor condo with 2 bedrooms and 2 full bathrooms
- Open living and dining area; kitchen includes dishwasher, refrigerator, stove, and garbage disposal
- Private porch off the living room and exterior storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,620
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,400
$272.4K
Cap Rate 7%
$194,571
$194.6K
Cap Rate 9%
$151,333
$151.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$25.6K $23.28/SF
− Vacancy
−$845 −$0.77/SF
EGI
$24.8K $22.51/SF
− OpEx
−$11.1K −$10.13/SF
NOI
$13.6K $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%
$272,400
Cap Rate 7%
$194,571
Cap Rate 9%
$151,333
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.0K
NOI $13,620 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.5K
$291.8K – $389.1K
NOI $23,346 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
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Business Placement
Demographics for 18966, PA
38,079
Population
14,199
Households
2.7
Avg Household Size
47
Median Age
48%
College-Educated
97%
High-School Grad
16.3 sq mi
ZIP Area
2,336
Density / Sq Mi
$119,741
Median Household Income
$63,712
Median Earnings
$1,840
Median Rent
$466,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private porch, in-unit laundry, and natural gas heat add practical convenience to this two-bedroom residence.
Where is this residential income property located?
The property is located at 1603 STEAMBOAT STATION Southampton, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: First‑floor condo with 2 bedrooms and 2 full bathrooms; Open living and dining area; kitchen includes dishwasher, refrigerator, stove, and garbage disposal; Private porch off the living room and exterior storage closet
