Renovated Residential Income
New
For Sale
$195,000
3900 FORD ROAD Unit 14K, Philadelphia, PA 19131
Two-bedroom residence with updated interiors, in-unit laundry, and access to extensive community amenities.
Property Size1,140 SF
Days on Market4
Property Features for 3900 FORD ROAD Unit 14K
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,767
Amenities
In-Unit Laundry
Private Balcony
Indoor Pool
Outdoor Pool
Hot Tub
Exercise Room
Concierge Service
Meeting Rooms
Library
Mail Room
Security Gate
Lobby Desk
Building Details
Building Size
1,140 SF
Year Built
1960
Year Renovated
2020
Listing Agency:
Bally Gwynedd Realty
Listed By:
Lorraine S. Miranda · License #RM424913
(800) 215-9180
Source:
Mainlinekw
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 20 at 12:01PM
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 Bally Gwynedd Realty
Investment Insights
Based on property information with market context.
This residential income property is a renovated two-bedroom, 1.5-bath residence in a building constructed in 1960. The unit was updated in 2020 and features an open kitchen and living area, upgraded countertops, engineered wood flooring, ceramic tile, updated bathrooms, a walk-in closet, and a front-loading washer and dryer. A private balcony overlooks the Philadelphia skyline.
Community amenities include indoor and outdoor pools, a hot tub, exercise room, concierge service, meeting rooms, library, mail room, security gate, and lobby desk. The association fee covers air conditioning, electricity, and maintenance. The property is near public transportation, with Bala and Wynnefield Avenue SEPTA stations approximately 5–6 minutes away and Suburban Station in Center City reachable in 19–20 minutes. Route 76 is approximately 6 minutes away, while Philadelphia International Airport is about 19 minutes away. The building accepts FHA mortgages.
Community amenities include indoor and outdoor pools, a hot tub, exercise room, concierge service, meeting rooms, library, mail room, security gate, and lobby desk. The association fee covers air conditioning, electricity, and maintenance. The property is near public transportation, with Bala and Wynnefield Avenue SEPTA stations approximately 5–6 minutes away and Suburban Station in Center City reachable in 19–20 minutes. Route 76 is approximately 6 minutes away, while Philadelphia International Airport is about 19 minutes away. The building accepts FHA mortgages.
Key Highlights
- Two‑bedroom, 1.5‑bath residence renovated in 2020
- Open kitchen and living area with upgraded countertops
- Private balcony with Philadelphia skyline 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
$17,932
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
9.20%
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%
$358,640
$358.6K
Cap Rate 7%
$256,171
$256.2K
Cap Rate 9%
$199,244
$199.2K
Market Conditions
NOI Build-Up for 1,140 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
$34.6K $30.36/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$32.6K $28.60/SF
− OpEx
−$14.7K −$12.87/SF
NOI
$17.9K $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%
$358,640
Cap Rate 7%
$256,171
Cap Rate 9%
$199,244
Alternative Uses
Best Use
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,932 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with updated interiors, in-unit laundry, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 3900 FORD ROAD Unit 14K Philadelphia, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath residence renovated in 2020; Open kitchen and living area with upgraded countertops; Private balcony with Philadelphia skyline views
