End-Unit Residential Income
New
For Sale
$274,900
1708 VALLEY GLEN ROAD #162, Elkins Park, PA 19027
Second-floor condominium with two bedrooms, two full baths, in-unit laundry, central air, and a private entrance.
Property Size1,099 SF
Price / SF$250.14
Days on Market6
Property Features for 1708 VALLEY GLEN ROAD #162
General Information
Standard status
Active
Size
1,099 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
in-unit laundry
central air
balcony
Building Details
Year Built
1984
Listing Agency:
BHHS Fox & Roach-Blue Bell
(215) 542-2200
Listed By:
Robert Kelley · License #2184573
(215) 353-2777
Source:
Cummingsrealtors
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 13 at 2:47PM
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 BHHS Fox & Roach-Blue Bell
Investment Insights
Based on property information with market context.
This second-floor, end-unit condominium offers 1,099 square feet with two bedrooms and two full bathrooms. The interior features an open-concept arrangement, fresh paint, central air, and a private entrance. In-unit laundry, a balcony, and ample parking add practical value, while the HVAC and AC systems have recently been serviced. Built in 1984, the property is positioned for residential income use or owner occupancy.
The home is located at 1708 Valley Glen Road in Elkins Park, near shopping, restaurants, major highways, and everyday services. It is within the Abington School District and includes a balcony with scenic views.
The home is located at 1708 Valley Glen Road in Elkins Park, near shopping, restaurants, major highways, and everyday services. It is within the Abington School District and includes a balcony with scenic views.
Key Highlights
- 1,099‑square‑foot second‑floor end‑unit condominium
- Two bedrooms and two full bathrooms
- Open‑concept interior with brand‑new paint throughout
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
$14,848
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
5.40%
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%
$296,960
$297.0K
Cap Rate 7%
$212,114
$212.1K
Cap Rate 9%
$164,978
$165.0K
Market Conditions
NOI Build-Up for 1,099 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
$28.7K $26.16/SF
− Vacancy
−$1.8K −$1.60/SF
EGI
$27.0K $24.56/SF
− OpEx
−$12.1K −$11.05/SF
NOI
$14.8K $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 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%
$296,960
Cap Rate 7%
$212,114
Cap Rate 9%
$164,978
Alternative Uses
Best Use
Apartment 5plus
$212.1K
$185.6K – $247.5K
NOI $14,848 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$632.2K
$553.1K – $737.5K
NOI $44,251 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 19027, PA
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,915
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with two bedrooms, two full baths, in-unit laundry, central air, and a private entrance.
Where is this residential income property located?
The property is located at 1708 VALLEY GLEN ROAD #162 Elkins Park, PA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,099‑square‑foot second‑floor end‑unit condominium; Two bedrooms and two full bathrooms; Open‑concept interior with brand‑new paint throughout
