96-Unit Condominium
For Sale
$401,237
16242 RIVER VIEW DRIVE, Bristol, PA 19007
Each residence offers an open living, dining, and kitchen arrangement with two bedrooms and two full bathrooms.
Property Size1,205 SF
Price / SF$332.98
Days on Market597
Property Features for 16242 RIVER VIEW DRIVE
General Information
Standard status
Active
Size
1,205 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,500
Building Details
Building Size
1,205 SF
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Ralph DiGuiseppe, III · License #AB066398
(267) 767-3663
Source:
Desantis-realestate
Added: Mar 12, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:21AM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 96-residence condominium community offers homes with 1,205 square feet, two bedrooms, and two full bathrooms. Each layout connects the living room, dining area, and kitchen. Features include granite kitchen countertops, stainless-steel appliances, energy-efficient HVAC, recessed LED lighting, and elevator access. The primary suite has an en-suite bath with a double-bowl vanity and custom tile shower.
The community sits along the Delaware River beside a 4.5-mile trail. I-95, the PA/NJ Turnpike, SEPTA, and NJ Rail Lines are described as minutes away. Each residence has one reserved parking space, with covered parking beneath the buildings and additional parking in the community and adjacent lot.
The community sits along the Delaware River beside a 4.5-mile trail. I-95, the PA/NJ Turnpike, SEPTA, and NJ Rail Lines are described as minutes away. Each residence has one reserved parking space, with covered parking beneath the buildings and additional parking in the community and adjacent lot.
Key Highlights
- 96 condominium residences
- 1,205 square feet with two bedrooms and two full bathrooms
- Granite kitchen countertops and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,920
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,400
$298.4K
Cap Rate 7%
$213,143
$213.1K
Cap Rate 9%
$165,778
$165.8K
Market Conditions
NOI Build-Up for 1,205 SF
Gross rent
$28.1K $23.28/SF
− Vacancy
−$926 −$0.77/SF
EGI
$27.1K $22.51/SF
− OpEx
−$12.2K −$10.13/SF
NOI
$14.9K $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%
$298,400
Cap Rate 7%
$213,143
Cap Rate 9%
$165,778
Alternative Uses
Best Use
Apartment 5plus
$213.1K
$186.5K – $248.7K
NOI $14,920 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.3K
$319.7K – $426.2K
NOI $25,574 @ 7.0% cap · market cap 6.37%
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
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Each residence offers an open living, dining, and kitchen arrangement with two bedrooms and two full bathrooms.
Where is this residential income property located?
The property is located at 16242 RIVER VIEW DRIVE Bristol, PA.
What is the asking price?
The asking price for this property is $401,237.
What are key features of this property?
This property features: 96 condominium residences; 1,205 square feet with two bedrooms and two full bathrooms; Granite kitchen countertops and stainless‑steel appliances
