Renovated Residential Income
For Sale
$545,000
41 CONSHOHOCKEN STATE ROAD Unit 603, Bala Cynwyd, PA 19004
Two-bedroom condominium with updated interiors, private terrace, garage parking, and access to extensive Fairmont amenities.
Property Size1,496 SF
Price / SF$364.30
Days on Market178
Property Features for 41 CONSHOHOCKEN STATE ROAD Unit 603
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
$5,499
Amenities
24-hour concierge service
heated pool
tennis and pickleball courts
new fitness center
vibrant social room
community events and activities
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:
Patmckennarealtors
Added: Mar 4
Changed: Aug 28
Last Checked: Aug 26 at 7:29AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This 1,496-square-foot condominium at the Fairmont has been renovated with an open living and dining arrangement, cherry hardwood floors, built-in cabinetry, and a private terrace. The kitchen includes stainless steel appliances, granite countertops, generous storage, and a window-side eating nook. A full-sized washer and dryer are concealed behind fluted doors. The primary suite features custom shelving, multiple closets, a built-in vanity, and an en-suite bath with a tiled shower. The second bedroom is positioned near an updated hall bathroom and can also serve as a home office.
Fairmont residents have access to 24-hour concierge service, a heated pool, tennis and pickleball courts, a new fitness center, a social room, and community activities. Parking includes one indoor garage space and an additional lot for a second car. Individual heating and air-conditioning controls provide year-round comfort. The building was constructed in 1976.
Fairmont residents have access to 24-hour concierge service, a heated pool, tennis and pickleball courts, a new fitness center, a social room, and community activities. Parking includes one indoor garage space and an additional lot for a second car. Individual heating and air-conditioning controls provide year-round comfort. The building was constructed in 1976.
Key Highlights
- 1,496‑square‑foot renovated condominium with a two‑bedroom, two‑bath layout
- Private terrace, cherry hardwood floors, built‑ins, and an open living‑dining arrangement
- Updated kitchen with stainless steel appliances, granite counters, 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
$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
3.71%
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 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$860.5K
$753.0K – $1.00M
NOI $60,236 @ 7.0% cap · market cap 11.05%
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, private terrace, garage parking, and access to extensive Fairmont amenities.
Where is this residential income property located?
The property is located at 41 CONSHOHOCKEN STATE ROAD Unit 603 Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 1,496‑square‑foot renovated condominium with a two‑bedroom, two‑bath layout; Private terrace, cherry hardwood floors, built‑ins, and an open living‑dining arrangement; Updated kitchen with stainless steel appliances, granite counters, and abundant storage
