Renovated Residential Income
For Sale
$485,000
191 PRESIDENTIAL BOULEVARD #R-505 BALA, Cynwyd, PA 19004
Corner condominium residence with updated interiors, private balcony, garage parking, and full-service building amenities.
Property Size1,764 SF
Price / SF$274.94
Days on Market39
Property Features for 191 PRESIDENTIAL BOULEVARD #R-505 BALA
General Information
Standard status
Active
Size
1,764 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Highway Access
Yes
Parking per Unit
1
Amenities
24-hour doorman and security
concierge and porter services
valet parking
on-site maintenance
Olympic-size swimming pool
soft-surface tennis court
state-of-the-art fitness center
Central
Central A/C
Built-In Microwave
Dishwasher
Disposal
Oven/Range - Gas
Refrigerator
Stainless Steel Appliances
Washer/Dryer Stacked
Deck
Building Details
Year Built
1961
Listing Agency:
KW Main Line - Narberth
(610) 731-9300
Listed By:
Damon Michels · License #AB067731
(610) 731-9300
Source:
Kw
Added: Jul 18
Changed: Aug 23
Last Checked: Aug 24 at 3:28PM
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 KW Main Line - Narberth
Investment Insights
Based on property information with market context.
This corner residential income property at 191 Presidential Boulevard #R-505 provides 1,764 square feet with two bedrooms and two full bathrooms. The renovated interior includes an open-concept living and dining arrangement, wood-paneled accent walls, a private balcony, and a kitchen with white cabinetry, granite counters, center-island seating, subway tile backsplash, and stainless steel appliances. The primary suite features a walk-in closet and renovated ensuite bath with a marble walk-in shower. A second bedroom, renovated hall bathroom, laundry room, and extensive storage complete the residence. One deeded garage parking space is included.
Building services and amenities include a 24-hour doorman and security, concierge and porter services, valet parking, on-site maintenance, an Olympic-size swimming pool, soft-surface tennis court, and fitness center. The monthly condominium fee includes utilities, cable television, and building maintenance. The property is minutes from Center City Philadelphia, Manayunk, Route 1, and I-76.
Building services and amenities include a 24-hour doorman and security, concierge and porter services, valet parking, on-site maintenance, an Olympic-size swimming pool, soft-surface tennis court, and fitness center. The monthly condominium fee includes utilities, cable television, and building maintenance. The property is minutes from Center City Philadelphia, Manayunk, Route 1, and I-76.
Key Highlights
- 1,764 SF corner residence with 2 bedrooms and 2 full bathrooms
- Renovated kitchen with granite counters, center island, subway tile backsplash, and stainless steel appliances
- Primary suite includes oversized walk‑in closet and renovated ensuite bath with marble walk‑in shower
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
$23,832
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
4.91%
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%
$476,640
$476.6K
Cap Rate 7%
$340,457
$340.5K
Cap Rate 9%
$264,800
$264.8K
Market Conditions
NOI Build-Up for 1,764 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
$46.1K $26.16/SF
− Vacancy
−$2.8K −$1.60/SF
EGI
$43.3K $24.56/SF
− OpEx
−$19.5K −$11.05/SF
NOI
$23.8K $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%
$476,640
Cap Rate 7%
$340,457
Cap Rate 9%
$264,800
Alternative Uses
Best Use
Apartment 5plus
$340.5K
$297.9K – $397.2K
NOI $23,832 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$887.8K – $1.18M
NOI $71,027 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
723
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 - Corner condominium residence with updated interiors, private balcony, garage parking, and full-service building amenities.
Where is this residential income property located?
The property is located at 191 PRESIDENTIAL BOULEVARD #R-505 BALA Cynwyd, PA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,764 SF corner residence with 2 bedrooms and 2 full bathrooms; Renovated kitchen with granite counters, center island, subway tile backsplash, and stainless steel appliances; Primary suite includes oversized walk‑in closet and renovated ensuite bath with marble walk‑in shower
