First-Floor Residential Income
For Sale
$289,000
301 STEAMBOAT STATION, Southampton, PA 18966
The two-bedroom condo features an open living, dining, and kitchen arrangement with a patio and exterior storage.
Property Size980 SF
Price / SF$294.90
Days on Market66
Property Features for 301 STEAMBOAT STATION
General Information
Standard status
Active
Size
980 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,267
Building Details
Building Size
980 SF
Year Built
1987
Listing Agency:
Realty One Group Supreme
Listed By:
Justine Vogel-Nye · License #RS343432
(215) 783-4114
Source:
Desantis-realestate
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 27 at 3:16AM
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 Realty One Group Supreme
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Investment Insights
Based on property information with market context.
This first-floor condo contains 980 square feet, with two bedrooms and one full bathroom. The living, dining, and kitchen areas share an open layout. The main bedroom includes a walk-in closet and direct access to the bathroom, which has an updated tub and shower surround, a spacious vanity, and tile flooring. The kitchen includes electric cooking, a garbage disposal, and ample cabinet space. A patio and secured outdoor storage closet extend the unit’s features, and the interior has recently received professional painting.
Built in 1987, the property is at 301 Steamboat Station in Southampton, Pennsylvania. Shopping, dining, public transit, and major highways are described as minutes away.
Built in 1987, the property is at 301 Steamboat Station in Southampton, Pennsylvania. Shopping, dining, public transit, and major highways are described as minutes away.
Key Highlights
- 980‑square‑foot, first‑floor condo
- Two bedrooms and one full bathroom
- Open living, dining, and kitchen layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,134
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,680
$242.7K
Cap Rate 7%
$173,343
$173.3K
Cap Rate 9%
$134,822
$134.8K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$22.8K $23.28/SF
− Vacancy
−$753 −$0.77/SF
EGI
$22.1K $22.51/SF
− OpEx
−$9.9K −$10.13/SF
NOI
$12.1K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,680
Cap Rate 7%
$173,343
Cap Rate 9%
$134,822
Alternative Uses
Best Use
Apartment 5plus
$173.3K
$151.7K – $202.2K
NOI $12,134 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.1K
$260.0K – $346.7K
NOI $20,799 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
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Business Placement
Demographics for 18966, PA
38,079
Population
14,199
Households
2.7
Avg Household Size
47
Median Age
48%
College-Educated
97%
High-School Grad
16.3 sq mi
ZIP Area
2,336
Density / Sq Mi
$119,741
Median Household Income
$63,712
Median Earnings
$1,840
Median Rent
$466,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom condo features an open living, dining, and kitchen arrangement with a patio and exterior storage.
Where is this residential income property located?
The property is located at 301 STEAMBOAT STATION Southampton, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 980‑square‑foot, first‑floor condo; Two bedrooms and one full bathroom; Open living, dining, and kitchen layout
