Two-Bedroom Residential
For Sale
$550,000
190 PRESIDENTIAL BOULEVARD Unit 515, Bala Cynwyd, PA 19004
A flexible den, two garage spaces, and access to staffed building services complement the unit’s two-bedroom layout.
Property Size1,970 SF
Days on Market11
Property Features for 190 PRESIDENTIAL BOULEVARD Unit 515
General Information
Standard status
Active
Size
1,970 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA + Den/Office
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,075
Amenities
doorman
concierge
desk attendant
24 hour security
fitness center
conference room with catering kitchen
resident's lounge
first floor guest suite
tiered dog park
courtyard
Juliet balcony
french doors
designer Porcelanosa tile gas fireplace
granite counter tops
breakfast bar
under cabinet lighting
GE Monogram appliances
5 burner gas stove
stainless oven
convection microwave
instant hot water
hardwood floors
limestone bathrooms
walk-in closets with custom built-ins
spa-like bathroom
soaking tub
limestone surround shower
double sink vanity
powder room
laundry closet
custom-outfitted closet
en suite bathroom
pocket door
den/office
Building Details
Building Size
1,970 SF
Year Built
2008
Listing Agency:
BHHS Fox & Roach-Haverford
Listed By:
Lisa A Ciccotelli · License #RS284312
(610) 202-4429
Source:
Lizclarkrealestate
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 28 at 3:35PM
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-Haverford
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2.5-bath residence includes a den or office, a Juliet balcony, and an open living and dining area. Interior finishes include hardwood flooring, limestone in the full bathrooms, and a gas fireplace with a Porcelanosa tile surround. The kitchen is equipped with granite countertops, a breakfast bar, under-cabinet lighting, GE Monogram appliances, a five-burner gas stove, a stainless-steel oven, a convection microwave, and instant hot water. The primary suite has two walk-in closets with built-ins and a bathroom with a soaking tub, shower with bench and rain feature, water closet, and double vanity. The second bedroom has a custom-fitted closet and en suite bath. A powder room and laundry closet are also included.
The residence comes with a private one-car garage with built-in storage and one additional parking space in the main garage. Building amenities include a doorman, concierge, desk attendant, 24-hour security, fitness center, conference room with catering kitchen, resident lounge, guest suite available for nightly rental, and a courtyard with a tiered dog park. The building was constructed in 2008.
The residence comes with a private one-car garage with built-in storage and one additional parking space in the main garage. Building amenities include a doorman, concierge, desk attendant, 24-hour security, fitness center, conference room with catering kitchen, resident lounge, guest suite available for nightly rental, and a courtyard with a tiered dog park. The building was constructed in 2008.
Key Highlights
- 2 bedrooms and 2.5 baths, plus a den or office
- Juliet balcony and open living and dining area
- Private one‑car garage with built‑in storage, plus one main‑garage parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,615
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,300
$532.3K
Cap Rate 7%
$380,214
$380.2K
Cap Rate 9%
$295,722
$295.7K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$51.5K $26.16/SF
− Vacancy
−$3.1K −$1.60/SF
EGI
$48.4K $24.56/SF
− OpEx
−$21.8K −$11.05/SF
NOI
$26.6K $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 Rate 5%
$532,300
Cap Rate 7%
$380,214
Cap Rate 9%
$295,722
Alternative Uses
Best Use
Apartment 5plus
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$991.5K – $1.32M
NOI $79,322 @ 7.0% cap · market cap 14.42%
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
2,457
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A flexible den, two garage spaces, and access to staffed building services complement the unit’s two-bedroom layout.
Where is this residential income property located?
The property is located at 190 PRESIDENTIAL BOULEVARD Unit 515 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2 bedrooms and 2.5 baths, plus a den or office; Juliet balcony and open living and dining area; Private one‑car garage with built‑in storage, plus one main‑garage parking space
