Two-Bedroom Residential Income
New
For Sale
$235,000
4000 GYPSY LANE Unit 318A1, Philadelphia, PA 19129
Condominium residence with community pool, tennis courts, and HOA-covered water, trash, and snow removal.
Property Size1,054 SF
Days on Market7
Property Features for 4000 GYPSY LANE Unit 318A1
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,148
Amenities
swimming pool
tennis courts
Building Details
Building Size
1,054 SF
Year Built
1970
Listing Agency:
Keller Williams Realty Group
(484) 429-3833
Listed By:
Michael Stephen Hammond Jr. · License #RS353727
(484) 429-3833
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 8
Last Checked: Aug 9 at 11:35AM
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
Investment Insights
Based on property information with market context.
This residential income property is a condominium residence with two bedrooms and two bathrooms. The layout includes a living room connected to the dining area, an eat-in kitchen, and a primary suite with a walk-in closet and updated en-suite bath. A renovated full hall bathroom serves the second bedroom, which can also function as an office or flexible living area. The property was built in 1970.
Residents have access to a swimming pool and tennis courts within the condominium community. The HOA includes water, trash, and snow removal. The property is in Philadelphia’s East Falls/Roxborough area, with access to Center City, Manayunk, and major routes including I-76, Route 1, and Lincoln Drive. Nearby amenities include Andorra Shopping Center, grocery stores, fitness centers, restaurants, cafes, parks, walking trails, and Wissahickon Valley Park.
Residents have access to a swimming pool and tennis courts within the condominium community. The HOA includes water, trash, and snow removal. The property is in Philadelphia’s East Falls/Roxborough area, with access to Center City, Manayunk, and major routes including I-76, Route 1, and Lincoln Drive. Nearby amenities include Andorra Shopping Center, grocery stores, fitness centers, restaurants, cafes, parks, walking trails, and Wissahickon Valley Park.
Key Highlights
- Two‑bedroom, two‑bathroom condominium residence
- Primary suite includes a walk‑in closet and updated en‑suite bathroom
- Renovated full hall bathroom
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
7.05%
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 7.05%
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 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with community pool, tennis courts, and HOA-covered water, trash, and snow removal.
Where is this residential income property located?
The property is located at 4000 GYPSY LANE Unit 318A1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium residence; Primary suite includes a walk‑in closet and updated en‑suite bathroom; Renovated full hall bathroom
