Building Details

Building Size 1,286 SF

Year Built 1948

Listing Agency: RE/MAX Ready c***@gmail.com Show Phone

Listed By: Carol E Albert · License #AB060679L Show Phone

Source: Lizclarkrealestate

Added: Nov 9, 2025 Changed: Aug 28 Last Checked: Aug 28 at 3:02PM

Report an Issue

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 RE/MAX Ready

Investment Insights

Based on property information with market context.

Unit 205 is a two-bedroom, two-bath condominium residence with refinished original solid wood flooring and fresh interior paint. A long entry foyer provides extensive closet storage, while the bright living room connects to a dining area and updated kitchen equipped with a large refrigerator and gas stove. The primary bedroom includes a double closet and adjoining bathroom with a stall shower; the second bedroom overlooks landscaped grounds. A washer and dryer are located in the hall bathroom.

Building amenities include a designated lower-level storage cage, social room, workout room, and pool access. The property also features newer elevators and boilers, upgraded 100 AMP electrical service, grounded outlets, and new lighting fixtures. An on-site manager and parking are provided. The residence is near transportation, shopping, St. Joseph’s University, Bala Cynwyd Library, and parks. The building was constructed in 1948.

Key Highlights

• Two‑bedroom, two‑bath condominium unit with bright East- and South‑facing exposures
• Refinished original solid wood flooring and fresh interior paint
• Updated kitchen with large refrigerator and gas stove

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

$17,374

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

5.43%

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%

$347,480 $347.5K

Cap Rate 7%

$248,200 $248.2K

Cap Rate 9%

$193,044 $193.0K

Market Conditions

NOI Build-Up for 1,286 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

$33.6K $26.16/SF

− Vacancy

−$2.1K −$1.60/SF

EGI

$31.6K $24.56/SF

− OpEx

−$14.2K −$11.05/SF

NOI

$17.4K $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%

$347,480

Cap Rate 7%

$248,200

Cap Rate 9%

$193,044

Alternative Uses

Best Use

Apartment 5plus

$248.2K

$217.2K – $289.6K (±1% cap)

NOI $17,374 @ 7.0% cap · market cap 5.43%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$739.7K

$647.3K – $863.0K (±1% cap)

NOI $51,780 @ 7.0% cap · market cap 16.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Meaningful Movement OT Physician Latch's Lane Condominiums Condominium Complex Stanley Forman Physician

Suggested Use

Top Pick Bakery Auto Parts Store Plumbing Service Wine and Liquor Store Cosmetic Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

1,433

Businesses Nearby

Explore this area Business Placement

Demographics for 19066, PA

6,107

Population

1,866

Households

3.3

Avg Household Size

38

Median Age

84%

College-Educated

98%

High-School Grad

1.3 sq mi

ZIP Area

4,698

Density / Sq Mi

$243,500

Median Household Income

$91,685

Median Earnings

$2,319

Median Rent

$871,300

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Storefront Property with Hardwood Floors

350 Montgomery Ave, Merion Station, PA 19066

$600,000

1,900 SF

View details

Residential Income Property with Pool

40 OLD LANCASTER ROAD Unit: 103, Merion Station, PA 19066

$255,000

961 SF

View details

Frequently Asked Questions

What type of property is this?

Residential income property - Bright condominium unit with refinished wood floors, updated kitchen, two full bathrooms, and access to shared amenities.

Where is this residential income property located?

The property is located at 40 OLD LANCASTER ROAD Unit 205 Merion Station, PA.

What is the asking price?

The asking price for this property is $319,999.

What are key features of this property?

This property features: Two‑bedroom, two‑bath condominium unit with bright East- and South‑facing exposures; Refinished original solid wood flooring and fresh interior paint; Updated kitchen with large refrigerator and gas stove