Building Details

Building Size 1,305 SF

Year Built 1972

Listing Agency: Compass Pennsylvania, LLC

Listed By: Jordan B Wiener · License #RS229414 Show Phone

Source: Mainlinekw

Added: Jul 30 Changed: Oct 25 Last Checked: Oct 24 at 10:37PM

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Investment Insights

Based on property information with market context.

Located at 264 W Montgomery Avenue in Haverford, this 1,305-square-foot condominium residence offers two bedrooms and two updated baths within a 1972 boutique building. The renovated interior includes original hardwood floors, crown molding, recessed lighting, replacement windows, and a flexible open-concept layout. The living room opens to a balcony with treetop views, while the eat-in kitchen features Cherry cabinetry, Santa Cecilia granite counters, natural stone finishes, stainless appliances, and an externally vented five-burner cooktop. The primary suite includes a dressing area, extensive closets, and a jetted tub and shower. A full-size Miele washer and dryer, outfitted closets, built-in sound, and additional storage add practical functionality. The property also includes an assigned parking space and is served by the Lower Merion School District. Suburban Square, Haverford Square, Merion Cricket Club, parks, banks, pharmacies, and other established conveniences are nearby.

Key Highlights

• 1,305‑square‑foot condominium residence with 2 bedrooms and 2 updated baths
• Renovated eat‑in kitchen with Cherry cabinetry, granite counters, natural stone finishes, and stainless appliances
• Living room opens to a balcony with treetop views

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,631

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$352,620 $352.6K

Cap Rate 7%

$251,871 $251.9K

Cap Rate 9%

$195,900 $195.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,305 SF

Gross rent

$34.1K $26.16/SF

− Vacancy

−$2.1K −$1.60/SF

EGI

$32.1K $24.56/SF

− OpEx

−$14.4K −$11.05/SF

NOI

$17.6K $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%

$352,620

Cap Rate 7%

$251,871

Cap Rate 9%

$195,900

Alternative Uses

Best Use

Apartment 5plus

$251.9K

$220.4K – $293.9K (±1% cap)

NOI $17,631 @ 7.0% cap · market cap 3.92%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$750.6K

$656.8K – $875.8K (±1% cap)

NOI $52,545 @ 7.0% cap · market cap 11.68%

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

Property Analytics

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Open 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

Frequently Asked Questions

What type of property is this?

Residential income property - Updated condominium residence with two bedrooms, two baths, open living areas, balcony access, assigned parking, and extensive storage.

Where is this residential income property located?

The property is located at 264 W MONTGOMERY AVENUE Unit 304 Haverford, PA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 1,305‑square‑foot condominium residence with 2 bedrooms and 2 updated baths; Renovated eat‑in kitchen with Cherry cabinetry, granite counters, natural stone finishes, and stainless appliances; Living room opens to a balcony with treetop views