Renovated Residential Income
For Sale
$529,000
41 CONSHOHOCKEN STATE ROAD Unit 404, Bala Cynwyd, PA 19004
Renovated condominium residence with two bedrooms, dedicated garage parking, and extensive shared amenities.
Property Size1,551 SF
Price / SF$334.60
Days on Market11
Property Features for 41 CONSHOHOCKEN STATE ROAD Unit 404
General Information
Standard status
Active
Size
1,551 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,236
Amenities
24 hr security/concierge
fitness center
pool
tennis
pickleball
social activities
Building Details
Building Size
1,551 SF
Year Built
1976
Listing Agency:
BHHS Fox & Roach-Haverford
(610) 212-6848
Listed By:
Andrea Robbins · License #RS121759A
(610) 212-6848
Source:
Mainlinekw
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 24 at 2:55PM
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 renovated condominium residence at The Fairmont offers 1,581 square feet of living space with an open living and dining area, an eat-in galley kitchen, and a separate laundry room. The kitchen includes wood cabinetry, stainless steel appliances, granite countertops, a tiled backsplash, and engineered wood flooring. The primary suite has custom built-in storage, a fitted walk-in closet, and an ensuite marble bathroom with a soaking tub and shower. A second bedroom and additional marble-finished bathroom complete the interior. Individually controlled heating and air conditioning serve the home, which also includes one indoor garage space.
Building amenities include 24-hour security and concierge service, a fitness center, pool, tennis facilities, pickleball, and social programming. The property is near the Cynwyd Trail, transportation, shopping, and houses of worship, with access to Center City. Built in 1976, the condominium combines updated interior finishes with full-service building amenities.
Building amenities include 24-hour security and concierge service, a fitness center, pool, tennis facilities, pickleball, and social programming. The property is near the Cynwyd Trail, transportation, shopping, and houses of worship, with access to Center City. Built in 1976, the condominium combines updated interior finishes with full-service building amenities.
Key Highlights
- 1,581 SF renovated condominium residence at The Fairmont
- Two‑bedroom layout with a primary suite and two marble‑finished bathrooms
- Eat‑in galley kitchen with stainless appliances, granite counters, and tiled backsplash
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
$21,360
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
4.04%
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%
$427,200
$427.2K
Cap Rate 7%
$305,143
$305.1K
Cap Rate 9%
$237,333
$237.3K
Market Conditions
NOI Build-Up for 1,581 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
$41.4K $26.16/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$38.8K $24.56/SF
− OpEx
−$17.5K −$11.05/SF
NOI
$21.4K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /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%
$427,200
Cap Rate 7%
$305,143
Cap Rate 9%
$237,333
Alternative Uses
Best Use
Apartment 5plus
$305.1K
$267.0K – $356.0K
NOI $21,360 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$909.4K
$795.7K – $1.06M
NOI $63,659 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 19004, PA
10,668
Population
4,453
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
3,951
Density / Sq Mi
$143,781
Median Household Income
$81,909
Median Earnings
$1,791
Median Rent
$616,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium residence with two bedrooms, dedicated garage parking, and extensive shared amenities.
Where is this residential income property located?
The property is located at 41 CONSHOHOCKEN STATE ROAD Unit 404 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 1,581 SF renovated condominium residence at The Fairmont; Two‑bedroom layout with a primary suite and two marble‑finished bathrooms; Eat‑in galley kitchen with stainless appliances, granite counters, and tiled backsplash
