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 Market9
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 4
Last Checked: Aug 4 at 3:33AM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $30.36 |
| − Vacancy | −$1.9k | −$1.76 |
| EGI | $30.1k | $28.60 |
| − OpEx | −$13.6k | −$12.87 |
| NOI | $16.6k | $15.73 |
1,054 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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
$297,400
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
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
