Renovated Residential
237 W MONTGOMERY AVENUE Unit 2-E, Haverford, PA 19041
For Sale
$525,000
Pending
The updated residence includes deeded parking, a balcony, and a flexible home office.
Property Size1,877 SF
Days on Market11
Property Features for 237 W MONTGOMERY AVENUE Unit 2-E
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Main Line
Listed By:
Erica L Deuschle · License PA RS311481
(610) 608-2570
Source:
Lizclarkrealestate
Added: Nov 4
Changed: Nov 13
Last Checked: Nov 12 at 3:38PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
This 1,877-square-foot condominium in Churchill Court was built in 1920 and has been renovated with contemporary finishes. The layout offers more than two bedrooms, 2.5 bathrooms, a formal dining room, and a family room with a fireplace. A home office adds flexible space, while the primary suite includes a walk-in closet and an en-suite bathroom with a double vanity. The second bedroom also has its own bathroom. The kitchen connects to a breakfast area with doors to the balcony and a courtyard view. Three sides of the residence receive natural light.
Two deeded parking spaces are included, one equipped with an electric vehicle charger. The building has an elevator, with access from the lower-level door near the parking spaces. Suburban Square and Haverford Square are within walking distance, with shopping and dining options at both destinations.
Two deeded parking spaces are included, one equipped with an electric vehicle charger. The building has an elevator, with access from the lower-level door near the parking spaces. Suburban Square and Haverford Square are within walking distance, with shopping and dining options at both destinations.
Key Highlights
- 1,877‑square‑foot residence with more than two bedrooms and 2.5 bathrooms
- Renovated interior with formal dining room and fireplace‑equipped family room
- Two deeded parking spaces; one has an electric vehicle charger
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,359
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,180
$507.2K
Cap Rate 7%
$362,271
$362.3K
Cap Rate 9%
$281,767
$281.8K
Market Conditions
NOI Build-Up for 1,877 SF
Gross rent
$49.1K $26.16/SF
− Vacancy
−$3.0K −$1.60/SF
EGI
$46.1K $24.56/SF
− OpEx
−$20.7K −$11.05/SF
NOI
$25.4K $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%
$507,180
Cap Rate 7%
$362,271
Cap Rate 9%
$281,767
Alternative Uses
Best Use
Apartment 5plus
$362.3K
$317.0K – $422.7K
NOI $25,359 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$944.7K – $1.26M
NOI $75,577 @ 7.0% cap · market cap 14.40%
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
2,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 19041, PA
6,526
Population
2,548
Households
2.6
Avg Household Size
46
Median Age
79%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
1,978
Density / Sq Mi
$147,531
Median Household Income
$45,519
Median Earnings
$2,250
Median Rent
$908,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Montgomery County, PA
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - The updated residence includes deeded parking, a balcony, and a flexible home office.
Where is this residential income property located?
The property is located at 237 W MONTGOMERY AVENUE Unit 2-E Haverford, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,877‑square‑foot residence with more than two bedrooms and 2.5 bathrooms; Renovated interior with formal dining room and fireplace‑equipped family room; Two deeded parking spaces; one has an electric vehicle charger
