Loft-Style Residential Income
New
For Sale
$315,000
1630 WELSH ROAD Unit 30D, Philadelphia, PA 19115
Two-bedroom condominium with vaulted ceilings, a private balcony, loft space, and community pool access.
Property Size1,752 SF
Days on Market5
Property Features for 1630 WELSH ROAD Unit 30D
General Information
Standard status
Active
Size
1,752 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,218
Building Details
Building Size
1,752 SF
Year Built
2008
Listing Agency:
Keller Williams Real Estate-Doylestown
Listed By:
Michelle Vercher · License #RS338276
(215) 858-6237
Source:
Lizclarkrealestate
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 20 at 9:51AM
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 Keller Williams Real Estate-Doylestown
Investment Insights
Based on property information with market context.
This loft-style residential income property offers a 1700+ SF floor plan with hardwood flooring, vaulted ceilings, and an open interior layout. The main level includes two bedrooms, full bathrooms, laundry, storage closets, and access to a private balcony. A separate loft area adds flexible space and includes a half bathroom. The property was built in 2008 and includes a designated parking space, along with additional overflow parking.
Community amenities include an outdoor swimming pool and clubhouse. Condo fees cover water, sewer, common areas, landscaping, trash removal, snow removal, pool and clubhouse access, and exterior maintenance. The property is near shopping and public transportation, adding convenience for occupants. Its combination of generous interior space, dedicated parking, private outdoor area, and community services provides a complete residential offering.
Community amenities include an outdoor swimming pool and clubhouse. Condo fees cover water, sewer, common areas, landscaping, trash removal, snow removal, pool and clubhouse access, and exterior maintenance. The property is near shopping and public transportation, adding convenience for occupants. Its combination of generous interior space, dedicated parking, private outdoor area, and community services provides a complete residential offering.
Key Highlights
- 1700+ SF loft‑style floor plan with hardwood flooring and vaulted ceilings
- Two main‑level bedrooms and full bathrooms
- Private loft area with half bathroom
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
$27,558
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
8.75%
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%
$551,160
$551.2K
Cap Rate 7%
$393,686
$393.7K
Cap Rate 9%
$306,200
$306.2K
Market Conditions
NOI Build-Up for 1,752 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
$53.2K $30.36/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$50.1K $28.60/SF
− OpEx
−$22.5K −$12.87/SF
NOI
$27.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /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%
$551,160
Cap Rate 7%
$393,686
Cap Rate 9%
$306,200
Alternative Uses
Best Use
Apartment 5plus
$393.7K
$344.5K – $459.3K
NOI $27,558 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$427.1K
$373.7K – $498.3K
NOI $29,898 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with vaulted ceilings, a private balcony, loft space, and community pool access.
Where is this residential income property located?
The property is located at 1630 WELSH ROAD Unit 30D Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1700+ SF loft‑style floor plan with hardwood flooring and vaulted ceilings; Two main‑level bedrooms and full bathrooms; Private loft area with half bathroom
