Two-Bedroom Residential
For Sale
$369,900
404 MOUNTAINVIEW DRIVE Unit 404, Chesterbrook, PA 19087
An open-concept layout includes a gas fireplace, in-unit laundry, and two full bathrooms.
Property Size1,230 SF
Price / SF$300.73
Days on Market31
Property Features for 404 MOUNTAINVIEW DRIVE Unit 404
General Information
Standard status
Active
Size
1,230 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,907
Amenities
in-unit laundry
gas fireplace
lawn maintenance
snow removal
trash services
Building Details
Building Size
1,230 SF
Year Built
1985
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Sep 27
Changed: Oct 27
Last Checked: Oct 27 at 4:29AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,230-square-foot residential unit, built in 1985, has two bedrooms and two bathrooms. Its open living area features wood flooring, new carpeting, and a gas fireplace. The kitchen is functional, while the primary bedroom has an en-suite bathroom with a walk-in shower. A second bedroom offers additional space, and laundry is located inside the unit.
The property is in Chesterbrook, near local parks, shopping, and dining. Lawn maintenance, snow removal, and trash service are included.
The property is in Chesterbrook, near local parks, shopping, and dining. Lawn maintenance, snow removal, and trash service are included.
Key Highlights
- 1,230 square feet with two bedrooms and two bathrooms
- Open‑concept living area with wood flooring, new carpeting, and a gas fireplace
- Primary bedroom includes an en‑suite bath with a walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,330
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,600
$246.6K
Cap Rate 7%
$176,143
$176.1K
Cap Rate 9%
$137,000
$137.0K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$26.0K $21.12/SF
− Vacancy
−$3.6K −$2.89/SF
EGI
$22.4K $18.23/SF
− OpEx
−$10.1K −$8.20/SF
NOI
$12.3K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,600
Cap Rate 7%
$176,143
Cap Rate 9%
$137,000
Alternative Uses
Best Use
Apartment 5plus
$176.1K
$154.1K – $205.5K
NOI $12,330 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.9K
$326.3K – $435.1K
NOI $26,105 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 19087, PA
33,501
Population
12,829
Households
2.6
Avg Household Size
40
Median Age
78%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$165,451
Median Household Income
$71,234
Median Earnings
$2,130
Median Rent
$693,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An open-concept layout includes a gas fireplace, in-unit laundry, and two full bathrooms.
Where is this residential income property located?
The property is located at 404 MOUNTAINVIEW DRIVE Unit 404 Chesterbrook, PA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,230 square feet with two bedrooms and two bathrooms; Open‑concept living area with wood flooring, new carpeting, and a gas fireplace; Primary bedroom includes an en‑suite bath with a walk‑in shower
