Residential Income Property with Enclosed
For Sale
$270,000
263 SHAWMONT AVENUE #9C7, Philadelphia, PA 19128
This two-bedroom, two-bath condominium includes an in-unit washer and dryer and access to indoor and outdoor pools.
Property Size1,364 SF
Price / SF$197.95
Days on Market21
Property Features for 263 SHAWMONT AVENUE #9C7
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Apartment
Site & Location
Neighborhood
Shawmont
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
indoor swimming pool
outdoor swimming pool
community library
entertainment areas
in-unit washer and dryer
enclosed balcony
granite countertops
Building Details
Year Built
1980
Listing Agency:
Mendez Homes and Investments
(215) 291-2891
Listed By:
Patricia Iavarone · License #0679452
(215) 990-1131
Source:
Cummingsrealtors
Added: Oct 11
Changed: Oct 29
Last Checked: Oct 30 at 4:47PM
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 Mendez Homes and Investments
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Investment Insights
Based on property information with market context.
Set within Green Tree Run, this 1,364-square-foot condominium has two bedrooms, two full bathrooms, an enclosed balcony and an in-unit washer and dryer. The kitchen features granite countertops, and the building dates to 1980. Community amenities include indoor and outdoor swimming pools, a library and entertainment areas.
The property is at 263 Shawmont Avenue in Philadelphia. The Schuylkill River Trail and Wissahickon Valley trails are nearby, along with shopping and dining in Manayunk and the Andorra Shopping Center.
The association covers water, sewer, trash removal, snow removal, landscaping, roof and exterior building maintenance, and exterior insurance.
The property is at 263 Shawmont Avenue in Philadelphia. The Schuylkill River Trail and Wissahickon Valley trails are nearby, along with shopping and dining in Manayunk and the Andorra Shopping Center.
The association covers water, sewer, trash removal, snow removal, landscaping, roof and exterior building maintenance, and exterior insurance.
Key Highlights
- 1,364‑square‑foot condominium with two bedrooms and two full bathrooms
- Enclosed balcony and in‑unit washer and dryer
- Granite countertops in the kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,455
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,100
$429.1K
Cap Rate 7%
$306,500
$306.5K
Cap Rate 9%
$238,389
$238.4K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$41.4K $30.36/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$39.0K $28.60/SF
− OpEx
−$17.6K −$12.87/SF
NOI
$21.5K $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 Rate 5%
$429,100
Cap Rate 7%
$306,500
Cap Rate 9%
$238,389
Alternative Uses
Best Use
Apartment 5plus
$306.5K
$268.2K – $357.6K
NOI $21,455 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$332.5K
$291.0K – $388.0K
NOI $23,277 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - This two-bedroom, two-bath condominium includes an in-unit washer and dryer and access to indoor and outdoor pools.
Where is this residential income property located?
The property is located at 263 SHAWMONT AVENUE #9C7 Philadelphia, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,364‑square‑foot condominium with two bedrooms and two full bathrooms; Enclosed balcony and in‑unit washer and dryer; Granite countertops in the kitchen
