Updated One-Bedroom Income
New
For Sale
$189,000
4000 GYPSY LANE Unit 618F2, Philadelphia, PA 19129
Condominium residence with a separate office, renovated kitchen, in-unit laundry, and access to extensive community amenities.
Property Size858 SF
Days on Market4
Property Features for 4000 GYPSY LANE Unit 618F2
General Information
Standard status
Active
Size
858 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,329
Amenities
gated community
swimming pool
fitness center
tennis courts
Pagoda gathering space
in-unit laundry
Building Details
Building Size
858 SF
Year Built
1970
Listing Agency:
BHHS Fox & Roach-Haverford
(610) 649-4500
Listed By:
Ella Caldwell Enochs · License #RS382424
(610) 649-4500
Source:
Patmckennarealtors
Added: Aug 1
Changed: Aug 4
Last Checked: Aug 4 at 3:39AM
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-Haverford
Investment Insights
Based on property information with market context.
This updated residential income property is a one-bedroom, one-bath condominium residence with a dedicated office and an open living and dining arrangement. The renovated kitchen features new cabinetry, quartz countertops, and stainless steel appliances, including a range and microwave. Additional interior features include a walk-in closet, linen storage, an oversized storage closet, and an in-unit washer and dryer.
Located at 4000 Gypsy Lane in Philadelphia, the gated community provides a swimming pool, fitness center, tennis courts, and the Pagoda gathering space. The property is near Wissahickon trails, public transportation, Kelly Drive, City Avenue, Manayunk, and major highways. Built in 1970, the residence also offers convenient access to parking within the community.
Located at 4000 Gypsy Lane in Philadelphia, the gated community provides a swimming pool, fitness center, tennis courts, and the Pagoda gathering space. The property is near Wissahickon trails, public transportation, Kelly Drive, City Avenue, Manayunk, and major highways. Built in 1970, the residence also offers convenient access to parking within the community.
Key Highlights
- One‑bedroom, one‑bath condominium residence with a dedicated office
- Renovated kitchen with new cabinetry, quartz countertops, and stainless steel appliances
- In‑unit washer and dryer, walk‑in closet, linen closet, and oversized storage 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 | $26.0k | $30.36 |
| − Vacancy | −$1.5k | −$1.76 |
| EGI | $24.5k | $28.60 |
| − OpEx | −$11.0k | −$12.87 |
| NOI | $13.5k | $15.73 |
858 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$192.8K
$168.7K – $224.9K
NOI $13,496 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$209.2K
$183.0K – $244.0K
NOI $14,642 @ 7.0% cap · market cap 7.75%
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 - Condominium residence with a separate office, renovated kitchen, in-unit laundry, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 4000 GYPSY LANE Unit 618F2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium residence with a dedicated office; Renovated kitchen with new cabinetry, quartz countertops, and stainless steel appliances; In‑unit washer and dryer, walk‑in closet, linen closet, and oversized storage closet
