Two-Bedroom Residential Income
For Sale
$530,000
190 PRESIDENTIAL BOULEVARD Unit 513, Bala Cynwyd, PA 19004
Full-service condominium residence with a flexible office, private parking, and building amenities near Center City Philadelphia.
Days on Market112
Property Features for 190 PRESIDENTIAL BOULEVARD Unit 513
General Information
Standard status
Active
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
doorman service
valet
fitness center
conference room
resident lounge
walking club
Building Details
Building Size
1,847 SF
Year Built
2006
Listing Agency:
CG Realty, LLC
(484) 598-3191
Listed By:
Mike Wells III · License #RS359218
(484) 598-3191
Source:
Mainlinekw
Added: Apr 12
Changed: Jul 31
Last Checked: Jul 31 at 2:32PM
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 CG Realty, LLC
Investment Insights
Based on property information with market context.
Residence 513 at 190 Presidential Blvd in Bala Cynwyd is a condominium residence in The Corinthian, a full-service building completed in 2006. The home includes two bedrooms, 2.5 bathrooms, main living and dining areas, a kitchen with storage and workspace, and a separate office that can also serve as a den, reading room, or creative space. The primary suite includes a private bath and closet space.
Building amenities include doorman service, valet service, elevator access, a fitness center, conference room, and resident lounge. The residence also includes two private parking spaces. The property is located near Center City Philadelphia, the Main Line, I-76, shopping, dining, and everyday conveniences.
Building amenities include doorman service, valet service, elevator access, a fitness center, conference room, and resident lounge. The residence also includes two private parking spaces. The property is located near Center City Philadelphia, the Main Line, I-76, shopping, dining, and everyday conveniences.
Key Highlights
- Two‑bedroom residence with separate office and 2.5 bathrooms
- Located in The Corinthian, completed in 2006
- Full‑service building with doorman, valet, elevator, fitness center, conference room, and resident lounge
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $26.16 |
| − Vacancy | −$2.9k | −$1.60 |
| EGI | $45.4k | $24.56 |
| − OpEx | −$20.4k | −$11.05 |
| NOI | $25.0k | $13.51 |
1,847 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$356.5K
$311.9K – $415.9K
NOI $24,954 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.06M
$929.6K – $1.24M
NOI $74,369 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Market
Properties on Market for Residential income properties in Montgomery County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Full-service condominium residence with a flexible office, private parking, and building amenities near Center City Philadelphia.
Where is this residential income property located?
The property is located at 190 PRESIDENTIAL BOULEVARD Unit 513 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two‑bedroom residence with separate office and 2.5 bathrooms; Located in The Corinthian, completed in 2006; Full‑service building with doorman, valet, elevator, fitness center, conference room, and resident lounge
