Two-Bedroom Residential Income
For Sale
$245,000
4000 GYPSY LANE Unit 245B2, Philadelphia, PA 19129
Fresh paint complements new kitchen appliances, in-unit laundry, and extensive community amenities.
Property Size1,054 SF
Days on Market14
Property Features for 4000 GYPSY LANE Unit 245B2
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,148
Amenities
landscaping
pool
fitness center
clubhouse
tennis courts
scenic grounds
24-hour security
parking
in-unit washer/dryer
Building Details
Building Size
1,054 SF
Year Built
1970
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(215) 432-4000
Listed By:
Nadeen Hodge · License #AB067612
(215) 432-4000
Source:
Patmckennarealtors
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 9 at 11:09AM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom unit with a separate bonus room, full kitchen, dining area, breakfast nook, pantry, and generous storage. Recent interior improvements include fresh paint throughout, along with a new stove and refrigerator. The layout also provides an in-unit washer and dryer, a full hall bathroom, and a private bath serving the primary bedroom. A walk-in closet and ceiling fan add features to the primary suite.
The 1970-built community includes landscaped grounds, a swimming pool, fitness center, clubhouse with kitchenette, tennis courts, parking, and 24-hour guarded security. The property is located near Center City, City Ave, the Main Line, major roads, and the Schuylkill River, providing access to Philadelphia-area destinations while retaining a residential setting.
The 1970-built community includes landscaped grounds, a swimming pool, fitness center, clubhouse with kitchenette, tennis courts, parking, and 24-hour guarded security. The property is located near Center City, City Ave, the Main Line, major roads, and the Schuylkill River, providing access to Philadelphia-area destinations while retaining a residential setting.
Key Highlights
- Two‑bedroom unit with separate bonus room for office, study, or den use
- Freshly painted interior with new stove and refrigerator
- Primary bedroom includes private bath and walk‑in closet
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
$16,579
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
6.77%
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%
$331,580
$331.6K
Cap Rate 7%
$236,843
$236.8K
Cap Rate 9%
$184,211
$184.2K
Market Conditions
NOI Build-Up for 1,054 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
$32.0K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$30.1K $28.60/SF
− OpEx
−$13.6K −$12.87/SF
NOI
$16.6K $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%
$331,580
Cap Rate 7%
$236,843
Cap Rate 9%
$184,211
Alternative Uses
Best Use
Apartment 5plus
$236.8K
$207.2K – $276.3K
NOI $16,579 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$256.9K
$224.8K – $299.8K
NOI $17,986 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 19129, PA
11,437
Population
6,228
Households
1.8
Avg Household Size
35
Median Age
60%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$77,225
Median Household Income
$58,576
Median Earnings
$1,471
Median Rent
$297,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fresh paint complements new kitchen appliances, in-unit laundry, and extensive community amenities.
Where is this residential income property located?
The property is located at 4000 GYPSY LANE Unit 245B2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑bedroom unit with separate bonus room for office, study, or den use; Freshly painted interior with new stove and refrigerator; Primary bedroom includes private bath and walk‑in closet
