Two-Bedroom Residential Income
For Sale
$174,900
400 GLENDALE ROAD #I-54, Havertown, PA 19083
Condominium residence offering a two-bedroom, two-bathroom layout in Havertown.
Property Size1,104 SF
Price / SF$158.42
Days on Market52
Property Features for 400 GLENDALE ROAD #I-54
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Apartment
Building Details
Year Built
1967
Listing Agency:
RealHome Services and Solutions, Inc.
Listed By:
Dana L. Rowell · License #RM424606
(770) 933-6678
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 3 at 8:15AM
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 RealHome Services and Solutions, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This condominium residence at 400 Glendale Road #I-54 in Havertown, Pennsylvania, provides 1,104 square feet with two bedrooms and two bathrooms. Built in 1967, the property is classified as a residential income property and offers a straightforward unit configuration for evaluation by buyers seeking this asset type.
The transaction is cash only. The seller will pay property taxes, HOA charges, and municipal or utility liens, while the buyer is responsible for closing costs, including transfer taxes, at closing. Auction disclaimers apply to bids and offers.
The transaction is cash only. The seller will pay property taxes, HOA charges, and municipal or utility liens, while the buyer is responsible for closing costs, including transfer taxes, at closing. Auction disclaimers apply to bids and offers.
Key Highlights
- 1,104‑square‑foot condominium residence
- Two bedrooms and two bathrooms
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,644
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,880
$232.9K
Cap Rate 7%
$166,343
$166.3K
Cap Rate 9%
$129,378
$129.4K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$22.5K $20.40/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$21.2K $19.18/SF
− OpEx
−$9.5K −$8.63/SF
NOI
$11.6K $10.55/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,880
Cap Rate 7%
$166,343
Cap Rate 9%
$129,378
Alternative Uses
Best Use
Apartment 5plus
$166.3K
$145.6K – $194.1K
NOI $11,644 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.6K
$307.7K – $410.2K
NOI $24,612 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 19083, PA
36,964
Population
13,752
Households
2.7
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
6,601
Density / Sq Mi
$120,233
Median Household Income
$61,467
Median Earnings
$1,386
Median Rent
$424,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence offering a two-bedroom, two-bathroom layout in Havertown.
Where is this residential income property located?
The property is located at 400 GLENDALE ROAD #I-54 Havertown, PA.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 1,104‑square‑foot condominium residence; Two bedrooms and two bathrooms; Built in 1967
