Renovated Residential Income
For Sale
$485,000
191 PRESIDENTIAL BOULEVARD Unit R-505, Bala Cynwyd, PA 19004
Fully renovated corner residence with an open layout, private balcony, deeded garage parking, and full-service condominium amenities.
Property Size1,764 SF
Price / SF$274.94
Days on Market16
Property Features for 191 PRESIDENTIAL BOULEVARD Unit R-505
General Information
Standard status
Active
Size
1,764 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
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
private balcony
laundry room
Building Details
Building Size
1,764 SF
Year Built
1961
Listing Agency:
KW Main Line - Narberth
(610) 731-9300
Listed By:
Damon C. Michels · License #AB067731
(610) 731-9300
Source:
Patmckennarealtors
Added: Jul 17
Changed: Jul 31
Last Checked: Jul 31 at 7:20PM
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 fully renovated corner residence at 191 Presidential Boulevard offers 1,764 square feet with 2 bedrooms and 2 full bathrooms. The open-concept layout includes a living room with a wood-paneled feature wall and private balcony, a dining area, and a gourmet kitchen with white cabinetry, granite countertops, a center island, subway tile backsplash, and stainless steel appliances. The primary suite features an oversized walk-in closet and renovated ensuite bathroom with a marble walk-in shower. A second bedroom, renovated full hall bathroom, laundry room, and abundant storage complete the residence. One deeded garage parking space is included.
Residents of 191 Presidential have access to 24-hour doorman and security services, concierge and porter services, valet parking, on-site maintenance, an Olympic-size swimming pool, soft-surface tennis court, and fitness center. The condominium fee includes all utilities, cable television, and building maintenance. The property is located minutes from Center City Philadelphia, Manayunk, Route 1, and I-76.
Residents of 191 Presidential have access to 24-hour doorman and security services, concierge and porter services, valet parking, on-site maintenance, an Olympic-size swimming pool, soft-surface tennis court, and fitness center. The condominium fee includes all utilities, cable television, and building maintenance. The property is located minutes from Center City Philadelphia, Manayunk, Route 1, and I-76.
Key Highlights
- 1,764 square feet with 2 bedrooms and 2 full bathrooms
- Fully renovated corner residence with open‑concept floor plan
- Gourmet kitchen with granite countertops, center island, and stainless steel appliances
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 | $46.1k | $26.16 |
| − Vacancy | −$2.8k | −$1.60 |
| EGI | $43.3k | $24.56 |
| − OpEx | −$19.5k | −$11.05 |
| NOI | $23.8k | $13.51 |
1,764 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
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
1
Residential units
Yes
Highway access
Yes
Utilities to site
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 - Fully renovated corner residence with an open layout, private balcony, deeded garage parking, and full-service condominium amenities.
Where is this residential income property located?
The property is located at 191 PRESIDENTIAL BOULEVARD Unit 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 square feet with 2 bedrooms and 2 full bathrooms; Fully renovated corner residence with open‑concept floor plan; Gourmet kitchen with granite countertops, center island, and stainless steel appliances
