Condo with Indoor
For Sale
$319,900
208 CARSON TERRACE, Huntingdon Valley, PA 19006
Open-plan residence with granite-and-stainless kitchen, in-unit laundry, two full baths, and balcony access.
Property Size1,210 SF
Days on Market22
Property Features for 208 CARSON TERRACE
General Information
Standard status
Active
Size
1,210 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,147
Amenities
indoor pool
fitness center
community rooms
24-hour security
in-unit laundry
balcony
Building Details
Building Size
1,210 SF
Year Built
2008
Listing Agency:
McDermott Real Estate
Listed By:
Mary Beth S McDermott · License #RM-050322-A
(215) 884-8403
Source:
Lizclarkrealestate
Added: Aug 13
Changed: Sep 2
Last Checked: Aug 31 at 9:27PM
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 McDermott Real Estate
Investment Insights
Based on property information with market context.
This Huntingdon Place condominium, built in 2008, features an open floor plan with hardwood flooring and a kitchen fitted with granite surfaces and stainless appliances. The kitchen connects to the great room, while sliding doors lead to a balcony. The residence includes two full baths, generous closet space, and a laundry area within the unit. An office or den provides flexible additional space and could serve as a guest bedroom.
Ownership includes access to an indoor pool, fitness center, and several community rooms. Building services include a staffed lobby with security personnel available 24 hours a day. The unit also includes a designated indoor parking spot.
Ownership includes access to an indoor pool, fitness center, and several community rooms. Building services include a staffed lobby with security personnel available 24 hours a day. The unit also includes a designated indoor parking spot.
Key Highlights
- Open floor plan linking the granite‑and‑stainless kitchen with the great room
- Two full baths plus an office or den that could serve as a guest bedroom
- In‑unit laundry, hardwood flooring, balcony, and substantial closet space
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
$16,348
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
5.11%
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%
$326,960
$327.0K
Cap Rate 7%
$233,543
$233.5K
Cap Rate 9%
$181,644
$181.6K
Market Conditions
NOI Build-Up for 1,210 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
$31.7K $26.16/SF
− Vacancy
−$1.9K −$1.60/SF
EGI
$29.7K $24.56/SF
− OpEx
−$13.4K −$11.05/SF
NOI
$16.3K $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%
$326,960
Cap Rate 7%
$233,543
Cap Rate 9%
$181,644
Alternative Uses
Best Use
Apartment 5plus
$233.5K
$204.4K – $272.5K
NOI $16,348 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$696.0K
$609.0K – $812.0K
NOI $48,720 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 19006, PA
23,148
Population
8,691
Households
2.7
Avg Household Size
45
Median Age
54%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
1,740
Density / Sq Mi
$124,302
Median Household Income
$60,236
Median Earnings
$1,430
Median Rent
$518,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan residence with granite-and-stainless kitchen, in-unit laundry, two full baths, and balcony access.
Where is this residential income property located?
The property is located at 208 CARSON TERRACE Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Open floor plan linking the granite‑and‑stainless kitchen with the great room; Two full baths plus an office or den that could serve as a guest bedroom; In‑unit laundry, hardwood flooring, balcony, and substantial closet space
