Two-Bedroom Residential Income
New
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 Market7
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 11
Changed: Sep 17
Last Checked: Sep 16 at 4:00PM
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.
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 = 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
$11,644
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
6.66%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
