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 Market3
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 4
Last Checked: Aug 5 at 4:00AM
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 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 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
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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
