Updated Residential
New
For Sale
$339,000
222 E MONTGOMERY AVENUE Unit 306, Ardmore, PA 19003
The unit includes in-home laundry, a walk-in closet, and access to on-site parking.
Property Size944 SF
Price / SF$358.35
Days on Market2
Property Features for 222 E MONTGOMERY AVENUE Unit 306
General Information
Standard status
Active
Size
944 SF
Elevators
No
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,128
Amenities
in-unit laundry
on-site parking
Building Details
Building Size
944 SF
Year Built
1972
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Lisa Neuhard Burns · License #RS342782
(610) 246-3026
Source:
Mainlinekw
Added: Oct 23
Last Checked: Oct 23 at 11:15AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom condominium offers 946 square feet of living space in a walk-up building. Updates include new LVP flooring in the main living area and new kitchen appliances. The primary bedroom has a walk-in closet, and laundry is located within the unit; on-site parking is also available. Built in 1972, the property is in Ardmore near Suburban Square, downtown shops and restaurants, and Regional Rail stations.
Key Highlights
- 2‑bedroom, 2‑bathroom unit with 946 square feet of living space
- New LVP flooring in the main living area and new kitchen appliances
- Primary bedroom features a walk‑in closet; laundry is in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,781
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,620
$255.6K
Cap Rate 7%
$182,586
$182.6K
Cap Rate 9%
$142,011
$142.0K
Market Conditions
NOI Build-Up for 946 SF
Gross rent
$24.7K $26.16/SF
− Vacancy
−$1.5K −$1.60/SF
EGI
$23.2K $24.56/SF
− OpEx
−$10.5K −$11.05/SF
NOI
$12.8K $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%
$255,620
Cap Rate 7%
$182,586
Cap Rate 9%
$142,011
Alternative Uses
Best Use
Apartment 5plus
$182.6K
$159.8K – $213.0K
NOI $12,781 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$544.1K
$476.1K – $634.8K
NOI $38,090 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
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Business Placement
Demographics for 19003, PA
13,984
Population
6,346
Households
2.2
Avg Household Size
38
Median Age
70%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
6,992
Density / Sq Mi
$116,142
Median Household Income
$66,881
Median Earnings
$1,602
Median Rent
$441,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes in-home laundry, a walk-in closet, and access to on-site parking.
Where is this residential income property located?
The property is located at 222 E MONTGOMERY AVENUE Unit 306 Ardmore, PA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom unit with 946 square feet of living space; New LVP flooring in the main living area and new kitchen appliances; Primary bedroom features a walk‑in closet; laundry is in the unit
