Residential Income Property with
For Sale
$575,000
41 CONSHOHOCKEN STATE ROAD Unit 409, Bala Cynwyd, PA 19004
Spacious condominium residence with two bedroom suites, private outdoor space, and extensive community amenities.
Property Size2,366 SF
Days on Market35
Property Features for 41 CONSHOHOCKEN STATE ROAD Unit 409
General Information
Standard status
Active
Size
2,366 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$10,998
Amenities
24-hour security
fitness center
swimming pool
tennis courts
pickleball courts
private balcony
laundry room
Building Details
Building Size
2,366 SF
Year Built
1976
Listing Agency:
BHHS Fox & Roach-Haverford
Listed By:
Andrea Robbins · License #RS121759A
(610) 212-6848
Source:
Mainlinekw
Added: Aug 1
Changed: Aug 31
Last Checked: Sep 4 at 12:50PM
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 generously proportioned condominium residence offers an adaptable interior with a foyer, combined living and dining areas, a den, and a private balcony. The eat-in kitchen includes granite counters, wood cabinetry, a tiled backsplash, and substantial storage, while a separate laundry room includes a full-size washer and dryer. The primary suite features a sitting area, dressing space, fitted walk-in closets, additional closets, and an en suite bath with a soaking tub and separate shower. A second bedroom suite includes built-in cabinetry and a private tiled bath. Parquet flooring, custom built-ins, individually controlled heating and air conditioning, and an indoor garage parking space complete the residence.
Located in Bala Cynwyd, Pennsylvania, the condominium community provides 24-hour security, a fitness center, swimming pool, tennis courts, pickleball courts, and a social calendar. The property is near houses of worship, shopping, schools, dining, and transportation. Built in 1976, the residence offers room for customization within an established condominium setting.
Located in Bala Cynwyd, Pennsylvania, the condominium community provides 24-hour security, a fitness center, swimming pool, tennis courts, pickleball courts, and a social calendar. The property is near houses of worship, shopping, schools, dining, and transportation. Built in 1976, the residence offers room for customization within an established condominium setting.
Key Highlights
- Two bedroom suites, including a primary suite with sitting area, dressing space, and fitted walk‑in closets
- Private balcony connected to the living and dining areas
- Eat‑in kitchen with granite countertops, wood cabinetry, tiled backsplash, and abundant storage
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
$31,965
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
5.56%
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%
$639,300
$639.3K
Cap Rate 7%
$456,643
$456.6K
Cap Rate 9%
$355,167
$355.2K
Market Conditions
NOI Build-Up for 2,366 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
$61.9K $26.16/SF
− Vacancy
−$3.8K −$1.60/SF
EGI
$58.1K $24.56/SF
− OpEx
−$26.2K −$11.05/SF
NOI
$32.0K $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%
$639,300
Cap Rate 7%
$456,643
Cap Rate 9%
$355,167
Alternative Uses
Best Use
Apartment 5plus
$456.6K
$399.6K – $532.8K
NOI $31,965 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,266 @ 7.0% cap · market cap 16.57%
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 - Spacious condominium residence with two bedroom suites, private outdoor space, and extensive community amenities.
Where is this residential income property located?
The property is located at 41 CONSHOHOCKEN STATE ROAD Unit 409 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two bedroom suites, including a primary suite with sitting area, dressing space, and fitted walk‑in closets; Private balcony connected to the living and dining areas; Eat‑in kitchen with granite countertops, wood cabinetry, tiled backsplash, and abundant storage
