Two-Bedroom Residential Income
For Sale
$325,000
3910 ASHLAND DRIVE Unit 215, Harleysville, PA 19438
An updated kitchen with a granite island connects to the dining and living areas, where a gas fireplace provides a focal point.
Property Size1,002 SF
Price / SF$324.35
Days on Market12
Property Features for 3910 ASHLAND DRIVE Unit 215
General Information
Standard status
Active
Size
1,002 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$359
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,447
Amenities
gas fireplace
in-unit washer and dryer
walking paths
Building Details
Building Size
1,002 SF
Year Built
2008
Listing Agency:
Keller Williams Realty Group
Listed By:
Megan Rohrbough · License #rs344511
(484) 880-0717
Source:
Thejrsrealtygroup
Added: Oct 23
Changed: Nov 2
Last Checked: Nov 3 at 8:53AM
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
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Investment Insights
Based on property information with market context.
This 1,002-square-foot condominium was built in 2008 and has two bedrooms and two full bathrooms. The updated kitchen features an oversized granite island and opens to the dining and living areas, which include a gas fireplace. A washer and dryer are located in the unit. The primary bedroom has an ensuite bathroom, while the second bedroom is near the other full bath. The property includes an assigned garage parking space, elevator access, and interior access from the garage; guest parking is available on the street and in an additional lot. Pets are permitted subject to limits.
The condominium is in Biltmore Estates, with walking paths outside and Skippack Village’s restaurants, coffee shops, boutiques, and events within walking distance. The property is in the Perkiomen Valley School District, near Evansburg State Park and the Perkiomen Trail, with access to Route 422 and King of Prussia.
The condominium is in Biltmore Estates, with walking paths outside and Skippack Village’s restaurants, coffee shops, boutiques, and events within walking distance. The property is in the Perkiomen Valley School District, near Evansburg State Park and the Perkiomen Trail, with access to Route 422 and King of Prussia.
Key Highlights
- Two bedrooms and two full bathrooms in 1,002 square feet
- Built in 2008
- Updated kitchen with oversized granite island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,537
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,740
$270.7K
Cap Rate 7%
$193,386
$193.4K
Cap Rate 9%
$150,411
$150.4K
Market Conditions
NOI Build-Up for 1,002 SF
Gross rent
$26.2K $26.16/SF
− Vacancy
−$1.6K −$1.60/SF
EGI
$24.6K $24.56/SF
− OpEx
−$11.1K −$11.05/SF
NOI
$13.5K $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%
$270,740
Cap Rate 7%
$193,386
Cap Rate 9%
$150,411
Alternative Uses
Best Use
Apartment 5plus
$193.4K
$169.2K – $225.6K
NOI $13,537 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$576.4K
$504.3K – $672.4K
NOI $40,345 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 19438, PA
25,134
Population
9,572
Households
2.6
Avg Household Size
44
Median Age
52%
College-Educated
97%
High-School Grad
22.2 sq mi
ZIP Area
1,132
Density / Sq Mi
$138,955
Median Household Income
$67,748
Median Earnings
$1,697
Median Rent
$455,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An updated kitchen with a granite island connects to the dining and living areas, where a gas fireplace provides a focal point.
Where is this residential income property located?
The property is located at 3910 ASHLAND DRIVE Unit 215 Harleysville, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,002 square feet; Built in 2008; Updated kitchen with oversized granite island
