Two-Bedroom Residential Income
For Sale
$265,000
Pending
253 SHAWMONT AVENUE #10H5, Philadelphia, PA 19128
Updated two-level residence with en-suite bedrooms, private deck, community pools, fitness center, and clubhouse amenities.
Property Size1,526 SF
Days on Market31
Property Features for 253 SHAWMONT AVENUE #10H5
General Information
Standard status
Pending
Size
1,526 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Amenities
fitness center
clubhouse
game room
library
indoor pool
outdoor pool
private deck
in-unit washer/dryer
Building Details
Year Built
1980
Listing Agency:
BHHS Fox & Roach-Haverford
(610) 649-4500
Listed By:
Kathleen M Fox · License #RS288896
(215) 495-9119
Source:
Cummingsrealtors
Added: Aug 10
Changed: Sep 2
Last Checked: Sep 1 at 6:09PM
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 BHHS Fox & Roach-Haverford
Investment Insights
Based on property information with market context.
This updated residential income property at Green Tree Run provides two bedrooms and two-and-a-half bathrooms across two floors. The open main level includes a kitchen with granite countertops and extensive cabinet storage, along with updated flooring. A private deck extends from the living room and includes an attached storage closet. Both upstairs bedrooms are en suite and offer substantial closet space; the primary bath has a spa tub, while the second bathroom features a walk-in shower. A full-size washer and dryer are also located upstairs.
Community amenities include indoor and outdoor pools, a fitness center, clubhouse, game room, library, and shared recreational grounds. HOA-covered services include gas, water, sewer, trash removal, snow removal, lawn care, and exterior building maintenance. The property is located at 253 Shawmont Avenue in Philadelphia, near local bike paths and the Wissahickon Valley trails, with Manayunk, Chestnut Hill, and Center City also identified in the surrounding area.
Community amenities include indoor and outdoor pools, a fitness center, clubhouse, game room, library, and shared recreational grounds. HOA-covered services include gas, water, sewer, trash removal, snow removal, lawn care, and exterior building maintenance. The property is located at 253 Shawmont Avenue in Philadelphia, near local bike paths and the Wissahickon Valley trails, with Manayunk, Chestnut Hill, and Center City also identified in the surrounding area.
Key Highlights
- Two‑bedroom, two‑and‑a‑half‑bath residence with 1,526 square feet over two floors
- Updated kitchen with granite countertops and substantial cabinet storage
- Two upstairs en‑suite bedrooms; primary bath includes a spa tub
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
$24,003
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
9.06%
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%
$480,060
$480.1K
Cap Rate 7%
$342,900
$342.9K
Cap Rate 9%
$266,700
$266.7K
Market Conditions
NOI Build-Up for 1,526 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
$46.3K $30.36/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$43.6K $28.60/SF
− OpEx
−$19.6K −$12.87/SF
NOI
$24.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /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%
$480,060
Cap Rate 7%
$342,900
Cap Rate 9%
$266,700
Alternative Uses
Best Use
Apartment 5plus
$342.9K
$300.0K – $400.1K
NOI $24,003 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$372.0K
$325.5K – $434.0K
NOI $26,041 @ 7.0% cap · market cap 9.83%
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
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-level residence with en-suite bedrooms, private deck, community pools, fitness center, and clubhouse amenities.
Where is this residential income property located?
The property is located at 253 SHAWMONT AVENUE #10H5 Philadelphia, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑bedroom, two‑and‑a‑half‑bath residence with 1,526 square feet over two floors; Updated kitchen with granite countertops and substantial cabinet storage; Two upstairs en‑suite bedrooms; primary bath includes a spa tub
