Residential Income Property with
For Sale
$399,000
41 CONSHOHOCKEN STATE ROAD Unit 503, Bala Cynwyd, PA 19004
Two-bedroom condominium with updated interiors, extensive storage, resident amenities, and assigned parking.
Property Size1,496 SF
Price / SF$266.71
Days on Market90
Property Features for 41 CONSHOHOCKEN STATE ROAD Unit 503
General Information
Standard status
Active
Size
1,496 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,945
Amenities
24-hour concierge
heated pool
tennis court
fitness center
social room
Building Details
Building Size
1,496 SF
Year Built
1976
Listing Agency:
Compass Pennsylvania, LLC
(610) 716-2115
Listed By:
Gail Kardon · License #RS148997A
(610) 716-2115
Source:
Lizclarkrealestate
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 3:42PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Unit 503 is a 2-bedroom, 2-bath condominium with 1,496 square feet and a floor plan that includes separate living and dining areas. Hardwood flooring, built-in cabinetry, a private rear-facing balcony, an eat-in kitchen, abundant kitchen storage, and a full-sized washer and dryer add practical functionality. The primary suite includes walk-in and hanging closets, built-in shelving, new hardwood floors, fresh paint, and new recessed lighting. The second bedroom includes built-in closet storage and is positioned near the updated hall bath with tiled shower.
The Fairmont provides 24-hour concierge service, a heated pool, tennis court, fitness center, social room, and community events. The condominium includes one indoor garage space and an additional lot for a second car. Residents also have individually controlled heating and air conditioning. The condominium fee covers snow and trash removal, water and sewer, common area insurance and maintenance, parking, the pool, concierge service, and amenities. The building was constructed in 1976.
The Fairmont provides 24-hour concierge service, a heated pool, tennis court, fitness center, social room, and community events. The condominium includes one indoor garage space and an additional lot for a second car. Residents also have individually controlled heating and air conditioning. The condominium fee covers snow and trash removal, water and sewer, common area insurance and maintenance, parking, the pool, concierge service, and amenities. The building was constructed in 1976.
Key Highlights
- 2‑bedroom, 2‑bath condominium with 1,496 square feet
- Private rear‑facing balcony, hardwood floors, and built‑in cabinetry
- Primary suite with walk‑in and hanging closets, built‑ins, and updated finishes
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
$20,211
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
5.07%
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%
$404,220
$404.2K
Cap Rate 7%
$288,729
$288.7K
Cap Rate 9%
$224,567
$224.6K
Market Conditions
NOI Build-Up for 1,496 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
$39.1K $26.16/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$36.7K $24.56/SF
− OpEx
−$16.5K −$11.05/SF
NOI
$20.2K $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%
$404,220
Cap Rate 7%
$288,729
Cap Rate 9%
$224,567
Alternative Uses
Best Use
Apartment 5plus
$288.7K
$252.6K – $336.9K
NOI $20,211 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$860.5K
$753.0K – $1.00M
NOI $60,236 @ 7.0% cap · market cap 15.10%
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 - Two-bedroom condominium with updated interiors, extensive storage, resident amenities, and assigned parking.
Where is this residential income property located?
The property is located at 41 CONSHOHOCKEN STATE ROAD Unit 503 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condominium with 1,496 square feet; Private rear‑facing balcony, hardwood floors, and built‑in cabinetry; Primary suite with walk‑in and hanging closets, built‑ins, and updated finishes
