Corner Residential Condo
For Sale
$324,900
Pending
1802 N GLEN DRIVE Unit 1802, Glen Mills, PA 19342
The two-bedroom layout includes an ensuite primary bedroom, in-unit laundry, and private outdoor space.
Property Size1,134 SF
Days on Market27
Property Features for 1802 N GLEN DRIVE Unit 1802
General Information
Standard status
Pending
Size
1,134 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,555
Amenities
fireplace
private outdoor space
updated appliances
in-unit laundry
exterior maintenance
lawn care
snow removal
trash service
Building Details
Building Size
1,134 SF
Year Built
1987
Abandoned
No
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Oct 6
Changed: Oct 30
Last Checked: Oct 30 at 2:29PM
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 Realty
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Investment Insights
Based on property information with market context.
This corner condo offers 1,134 square feet with two bedrooms and two full bathrooms. The living and dining areas share an open layout, with a fireplace and access to private outdoor space. The kitchen has updated appliances and a breakfast area. A separate laundry area includes a washer and dryer. The primary bedroom has an ensuite bath and a large closet; the second bedroom is near the hall bathroom.
The property is in the Unionville-Chadds Ford School District, with Glen Eagle Square, Whole Foods, Wegmans, West Chester, Wilmington, and major routes identified nearby. The building dates to 1987. Condo association services include exterior maintenance, lawn care, snow removal, and trash service.
The property is in the Unionville-Chadds Ford School District, with Glen Eagle Square, Whole Foods, Wegmans, West Chester, Wilmington, and major routes identified nearby. The building dates to 1987. Condo association services include exterior maintenance, lawn care, snow removal, and trash service.
Key Highlights
- 1,134‑square‑foot corner condo with two bedrooms and two full bathrooms
- Private outdoor space overlooks surrounding green space
- Fireplace and open living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,368
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,360
$227.4K
Cap Rate 7%
$162,400
$162.4K
Cap Rate 9%
$126,311
$126.3K
Market Conditions
NOI Build-Up for 1,134 SF
Gross rent
$24.0K $21.12/SF
− Vacancy
−$3.3K −$2.89/SF
EGI
$20.7K $18.23/SF
− OpEx
−$9.3K −$8.20/SF
NOI
$11.4K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,360
Cap Rate 7%
$162,400
Cap Rate 9%
$126,311
Alternative Uses
Best Use
Apartment 5plus
$162.4K
$142.1K – $189.5K
NOI $11,368 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.8K
$300.8K – $401.1K
NOI $24,067 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
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Business Placement
Demographics for 19342, PA
20,550
Population
8,183
Households
2.5
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
1,038
Density / Sq Mi
$136,647
Median Household Income
$81,696
Median Earnings
$2,298
Median Rent
$579,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom layout includes an ensuite primary bedroom, in-unit laundry, and private outdoor space.
Where is this residential income property located?
The property is located at 1802 N GLEN DRIVE Unit 1802 Glen Mills, PA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,134‑square‑foot corner condo with two bedrooms and two full bathrooms; Private outdoor space overlooks surrounding green space; Fireplace and open living and dining areas
