Two-Bedroom Residential Income
For Sale
$490,000
190 PRESIDENTIAL BOULEVARD Unit 413, Bala Cynwyd, PA 19004
Full-service condominium with concierge service, valet parking, fitness center, and secure garage parking.
Property Size1,847 SF
Days on Market328
Property Features for 190 PRESIDENTIAL BOULEVARD Unit 413
General Information
Standard status
Active
Size
1,847 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$14,573
Amenities
24/7 concierge
valet parking
fitness center
private conference room
caterer's kitchen
guest lounge
guest suite
secure two-car garage parking
Juliet balcony
Building Details
Building Size
1,847 SF
Year Built
2006
Listing Agency:
Weichert, Realtors - Cornerstone
Listed By:
James David Shrader · License #rs346094
(610) 220-3539
Source:
Patmckennarealtors
Added: Oct 27, 2025
Changed: Sep 19
Last Checked: Sep 18 at 12:36PM
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 Weichert, Realtors - Cornerstone
Investment Insights
Based on property information with market context.
Unit 413 at The Corinthian is a two-bedroom residential income property in a full-service condominium building constructed in 2006. The residence features a GE Monogram kitchen, open living and dining areas, French doors leading to a Juliet balcony, and a private office. The primary suite includes a walk-in closet and private bath, while the second bedroom has natural light and a full private bath. New flooring was installed throughout as of May.
Building amenities include 24/7 concierge service, valet parking, a fitness center, private conference room with caterer's kitchen, guest lounge, overnight guest suite, and secure two-car garage parking. The property is located at 190 Presidential Boulevard in Bala Cynwyd, Pennsylvania, minutes from Center City and with access to Philadelphia amenities.
Building amenities include 24/7 concierge service, valet parking, a fitness center, private conference room with caterer's kitchen, guest lounge, overnight guest suite, and secure two-car garage parking. The property is located at 190 Presidential Boulevard in Bala Cynwyd, Pennsylvania, minutes from Center City and with access to Philadelphia amenities.
Key Highlights
- Two‑bedroom Unit 413 at The Corinthian
- GE Monogram kitchen with premium appliances
- Private office and Juliet balcony
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
$24,954
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
5.09%
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%
$499,080
$499.1K
Cap Rate 7%
$356,486
$356.5K
Cap Rate 9%
$277,267
$277.3K
Market Conditions
NOI Build-Up for 1,847 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
$48.3K $26.16/SF
− Vacancy
−$2.9K −$1.60/SF
EGI
$45.4K $24.56/SF
− OpEx
−$20.4K −$11.05/SF
NOI
$25.0K $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%
$499,080
Cap Rate 7%
$356,486
Cap Rate 9%
$277,267
Alternative Uses
Best Use
Apartment 5plus
$356.5K
$311.9K – $415.9K
NOI $24,954 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.06M
$929.6K – $1.24M
NOI $74,369 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 19004, PA
10,668
Population
4,453
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
3,951
Density / Sq Mi
$143,781
Median Household Income
$81,909
Median Earnings
$1,791
Median Rent
$616,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Full-service condominium with concierge service, valet parking, fitness center, and secure garage parking.
Where is this residential income property located?
The property is located at 190 PRESIDENTIAL BOULEVARD Unit 413 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two‑bedroom Unit 413 at The Corinthian; GE Monogram kitchen with premium appliances; Private office and Juliet balcony
