Residential Income Property with
For Sale
$311,000
191 PRESIDENTIAL BOULEVARD Unit R-412, Bala Cynwyd, PA 19004
Two-bedroom condominium with doorman service, fitness centers, pool, tennis court, and flexible home office space.
Days on Market9
Property Features for 191 PRESIDENTIAL BOULEVARD Unit R-412
General Information
Standard status
Active
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
1,554 SF
Year Built
1961
Listing Agency:
BHHS Fox & Roach-Haverford
(610) 520-0455
Listed By:
Linda Z · License #RS161873A
(610) 520-0455
Source:
Mainlinekw
Added: Jul 24
Changed: Jul 31
Last Checked: Jul 31 at 10:45AM
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
Investment Insights
Based on property information with market context.
Located at 191 Presidential Boulevard Unit R-412 in Bala Cynwyd, this 2-bedroom, 2-bath condominium was built in 1961. The residence features an entrance foyer with marble flooring, a walk-in storage closet, two double coat closets, a spacious living room with built-in cabinetry, and a tiled balcony with treetop views. The dining room opens to a kitchen with white cabinetry, appliances, granite countertops, and a breakfast area.
The primary bedroom includes a dressing room, full walk-in closet, and bath with a stall shower. The second bedroom is currently used as a home office and includes a full bath with tub/shower. Building amenities include 24-hour doormen, valet parking, security, concierge service, porters, onsite maintenance, a social room, hospitality suite, refreshment room, 2 fitness centers, pool, and tennis court.
The unit includes a lower-level storage unit, one indoor garage space, and guest parking. The condo fee includes all utilities and basic cable. The property is minutes from Center City Philadelphia, the Expressway, King of Prussia, and the Airport, with access to dining, shopping, transportation, and entertainment options.
The primary bedroom includes a dressing room, full walk-in closet, and bath with a stall shower. The second bedroom is currently used as a home office and includes a full bath with tub/shower. Building amenities include 24-hour doormen, valet parking, security, concierge service, porters, onsite maintenance, a social room, hospitality suite, refreshment room, 2 fitness centers, pool, and tennis court.
The unit includes a lower-level storage unit, one indoor garage space, and guest parking. The condo fee includes all utilities and basic cable. The property is minutes from Center City Philadelphia, the Expressway, King of Prussia, and the Airport, with access to dining, shopping, transportation, and entertainment options.
Key Highlights
- 2‑bedroom, 2‑bath condominium at 191 Presidential Boulevard Unit R‑412
- Tiled balcony with serene treetop views
- 24‑hour doormen, valet parking, security, concierge service, and onsite maintenance
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 | $40.7k | $26.16 |
| − Vacancy | −$2.5k | −$1.60 |
| EGI | $38.2k | $24.56 |
| − OpEx | −$17.2k | −$11.05 |
| NOI | $21.0k | $13.51 |
1,554 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$299.9K
$262.4K – $349.9K
NOI $20,995 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$893.9K
$782.1K – $1.04M
NOI $62,571 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with doorman service, fitness centers, pool, tennis court, and flexible home office space.
Where is this residential income property located?
The property is located at 191 PRESIDENTIAL BOULEVARD Unit R-412 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $311,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condominium at 191 Presidential Boulevard Unit R‑412; Tiled balcony with serene treetop views; 24‑hour doormen, valet parking, security, concierge service, and onsite maintenance
