Building Details

Building Size 2,080 SF

Year Built 1925

Listing Agency: VRA Realty

Listed By: Gregory Patrick Monastra · License #RS362238 Show Phone

Source: Patmckennarealtors

Added: Jun 4 Changed: Oct 12 Last Checked: Oct 23 at 2:17PM

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Investment Insights

Based on property information with market context.

This top-floor residential income property is a condominium in the Merion Manor community, with a layout designed for everyday residential use. The home includes 3 bedrooms and 2.5 bathrooms, hardwood flooring throughout, a generously sized living room, and a separate dining room. The kitchen provides substantial cabinet storage along with two pantries. Built in 1925, the property combines an established building setting with a practical interior arrangement.

Merion Manor offers convenient access to shopping, dining, train lines, Amtrak, and major commuter routes. The surrounding community is also described as having a neighborhood-oriented setting and access to schools. The address is 212 IDRIS Unit: J-3, Merion Station, PA 19066.

Key Highlights

• Top‑floor condominium in the Merion Manor community
• 3 bedrooms and 2.5 bathrooms
• Hardwood floors throughout the home

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,101

Cap Rate

5.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$562,020 $562.0K

Cap Rate 7%

$401,443 $401.4K

Cap Rate 9%

$312,233 $312.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,080 SF

Gross rent

$54.4K $26.16/SF

− Vacancy

−$3.3K −$1.60/SF

EGI

$51.1K $24.56/SF

− OpEx

−$23.0K −$11.05/SF

NOI

$28.1K $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%

$562,020

Cap Rate 7%

$401,443

Cap Rate 9%

$312,233

Alternative Uses

Best Use

Apartment 5plus

$401.4K

$351.3K – $468.4K (±1% cap)

NOI $28,101 @ 7.0% cap · market cap 5.31%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,751 @ 7.0% cap · market cap 15.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

599

Businesses Nearby

Explore this area Business Placement

Demographics for 19066, PA

6,107

Population

1,866

Households

3.3

Avg Household Size

38

Median Age

84%

College-Educated

98%

High-School Grad

1.3 sq mi

ZIP Area

4,698

Density / Sq Mi

$243,500

Median Household Income

$91,685

Median Earnings

$2,319

Median Rent

$871,300

Median Home Value

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Residential Income Property with Den

415 CITY AVENUE Unit: H-2, Merion Station, PA 19066

$450,000

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Storefront Property with Hardwood Floors

350 Montgomery Ave, Merion Station, PA 19066

$600,000

1,900 SF

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Frequently Asked Questions

What type of property is this?

Residential income property - Three-bedroom condominium with hardwood floors, two pantries, and separate living and dining areas.

Where is this residential income property located?

The property is located at 212 IDRIS Unit J-3 Merion Station, PA.

What is the asking price?

The asking price for this property is $529,000.

What are key features of this property?

This property features: Top‑floor condominium in the Merion Manor community; 3 bedrooms and 2.5 bathrooms; Hardwood floors throughout the home