Building Details

Building Size 1,907 SF

Year Built 1930

Year Renovated 2015

Listing Agency: Compass Pennsylvania, LLC

Listed By: Lauren H Leithead · License #RS278978 Show Phone

Source: Lizclarkrealestate

Added: Oct 5 Changed: Oct 7 Last Checked: Oct 7 at 2:04PM

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Investment Insights

Based on property information with market context.

Unit 2 is a one-level, two-bedroom residence in a 12-home community formed in 2015 from a former church and rectory. Original stained-glass windows and the stone exterior retain the building’s historic character, while an open living area, updated kitchen finishes, and approximately 11-foot ceilings shape the interior. The home also includes a gas fireplace, private patio, two full bathrooms, a powder room, laundry room, and a primary suite with a walk-in closet. An additional 100 square feet of bonus space is located within the primary closet.

Two deeded spaces are included in the secure underground garage. The property has a hard-wired monitored fire alarm, interior sprinkler system, and access to a shared lower-level storage room. The one-acre setting includes landscaped common areas, a private garden, and a resident gathering area. Downtown Narberth and SEPTA rail and bus service are nearby.

Key Highlights

• Two‑bedroom residence with one‑level living and approximately 11‑foot ceilings
• Two deeded parking spaces in a secure underground garage
• Original stained‑glass windows and stone exterior in a former church and rectory converted in 2015

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,764

Cap Rate

3.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$515,280 $515.3K

Cap Rate 7%

$368,057 $368.1K

Cap Rate 9%

$286,267 $286.3K

Market Conditions

NOI Build-Up for 1,907 SF

Gross rent

$49.9K $26.16/SF

− Vacancy

−$3.0K −$1.60/SF

EGI

$46.8K $24.56/SF

− OpEx

−$21.1K −$11.05/SF

NOI

$25.8K $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 Rate 5%

$515,280

Cap Rate 7%

$368,057

Cap Rate 9%

$286,267

Alternative Uses

Best Use

Apartment 5plus

$368.1K

$322.1K – $429.4K (±1% cap)

NOI $25,764 @ 7.0% cap · market cap 3.12%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.10M

$959.8K – $1.28M (±1% cap)

NOI $76,785 @ 7.0% cap · market cap 9.31%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Food Market Grocery & Convenience Store Parking Lot & Garage Barber Shop Restaurant Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,048

Businesses Nearby

Explore this area Business Placement

Demographics for 19072, PA

10,008

Population

4,400

Households

2.3

Avg Household Size

45

Median Age

82%

College-Educated

100%

High-School Grad

3.2 sq mi

ZIP Area

3,128

Density / Sq Mi

$175,833

Median Household Income

$86,133

Median Earnings

$1,956

Median Rent

$776,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - A two-bedroom residence combines preserved historic details with updated finishes and a private patio.

Where is this residential income property located?

The property is located at 200 PRICE Unit 2 Narberth, PA.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Two‑bedroom residence with one‑level living and approximately 11‑foot ceilings; Two deeded parking spaces in a secure underground garage; Original stained‑glass windows and stone exterior in a former church and rectory converted in 2015