Corner Residential Income
For Sale
$345,000
345 CARSON TERRACE, Huntingdon Valley, PA 19006
Two-bedroom corner condo with a balcony, garage parking, open living areas, and extensive community amenities.
Property Size1,374 SF
Days on Market8
Property Features for 345 CARSON TERRACE
General Information
Standard status
Active
Size
1,374 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,908
Amenities
24-hour lobby attendant
indoor pool
fitness center
community room
covered parking garage
balcony
in-unit laundry
Building Details
Building Size
1,374 SF
Year Built
2010
Listing Agency:
Keller Williams Realty Group
Listed By:
Kathleen Gilmore · License #RS284337
(610) 212-4330
Source:
Lizclarkrealestate
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 15 at 9:38AM
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 Realty Group
Investment Insights
Based on property information with market context.
This 2010-built corner condominium offers a two-bedroom, two-bath layout with an open kitchen, dining, and living area. The residence includes three sets of sliding glass doors, an additional window, a private balcony, courtyard outlooks, in-unit laundry, and a primary suite with two closets, a double vanity, soaking tub, separate shower, and linen storage. The kitchen is equipped with cherry cabinetry, granite counters, and a raised breakfast bar. Fresh paint and new bedroom carpeting are also included.
Two assigned garage parking spaces are positioned beside the elevator, with the unit located a short distance from the elevator. Huntingdon Place provides a 24-hour lobby attendant, indoor heated pool, fitness center, community rooms, covered garage parking, security and concierge service, and guest parking. The property is near Pennypack Park walking trail, Holy Redeemer Hospital, Beth Ayres train station, and community shops and restaurants. The association fee includes water, gas, grounds maintenance, and listed amenities.
Two assigned garage parking spaces are positioned beside the elevator, with the unit located a short distance from the elevator. Huntingdon Place provides a 24-hour lobby attendant, indoor heated pool, fitness center, community rooms, covered garage parking, security and concierge service, and guest parking. The property is near Pennypack Park walking trail, Holy Redeemer Hospital, Beth Ayres train station, and community shops and restaurants. The association fee includes water, gas, grounds maintenance, and listed amenities.
Key Highlights
- Two‑bedroom, two‑bath corner condo built in 2010
- Two assigned garage parking spaces beside the elevator
- Private balcony with landscaped courtyard views
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
$18,563
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
5.38%
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%
$371,260
$371.3K
Cap Rate 7%
$265,186
$265.2K
Cap Rate 9%
$206,256
$206.3K
Market Conditions
NOI Build-Up for 1,374 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
$35.9K $26.16/SF
− Vacancy
−$2.2K −$1.60/SF
EGI
$33.8K $24.56/SF
− OpEx
−$15.2K −$11.05/SF
NOI
$18.6K $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 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%
$371,260
Cap Rate 7%
$265,186
Cap Rate 9%
$206,256
Alternative Uses
Best Use
Apartment 5plus
$265.2K
$232.0K – $309.4K
NOI $18,563 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$790.3K
$691.6K – $922.1K
NOI $55,324 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 19006, PA
23,148
Population
8,691
Households
2.7
Avg Household Size
45
Median Age
54%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
1,740
Density / Sq Mi
$124,302
Median Household Income
$60,236
Median Earnings
$1,430
Median Rent
$518,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom corner condo with a balcony, garage parking, open living areas, and extensive community amenities.
Where is this residential income property located?
The property is located at 345 CARSON TERRACE Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath corner condo built in 2010; Two assigned garage parking spaces beside the elevator; Private balcony with landscaped courtyard views
