Renovated Residential Income
For Sale
$349,900
415 CITY AVENUE Unit H-1, Merion Station, PA 19066
The residence has two bedrooms plus a den or office that can serve as a third bedroom.
Property Size1,880 SF
Days on Market34
Property Features for 415 CITY AVENUE Unit H-1
General Information
Standard status
Active
Size
1,880 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR+den/office or 3BR, 2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,720
Amenities
marble fireplace
hardwood floors
French doors
custom book shelves
garden and Koi pond
granite countertops
stainless steel appliances
Jenn Air gas range/convection oven
large pantry
newly carpeted bedrooms
ceiling fans
walk-in closets
en-suite bathrooms
marble walk-in shower
oversized jetted tub
washer/dryer
central air
dishwasher
garbage disposal
monitored security system
fire alarm
designated basement storage unit
Building Details
Building Size
1,880 SF
Year Built
1920
Listing Agency:
Suburban Real Estate Rentals & Sales
Listed By:
Gary E Hendler · License #RM051749A
(610) 715-1953
Source:
Mainlinekw
Added: Sep 29
Changed: Oct 31
Last Checked: Nov 1 at 2:59PM
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 Suburban Real Estate Rentals & Sales
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set in York Lynne Manor, a 1920 building designed by Wallace and Warner, this renovated first-floor condominium offers two bedrooms plus a den or office that can function as a third bedroom, along with 2.5 bathrooms. Interior features include hardwood floors, a marble fireplace, built-in library shelving, and an eat-in kitchen with wood cabinetry, granite counters, stainless steel appliances, and a Jenn Air gas range/convection oven. The bedrooms have walk-in closets and en-suite baths; one bath has a marble walk-in shower, while the other includes a jetted tub. The home also has central air, in-unit laundry, a monitored security system, and a fire alarm.
A designated basement storage unit and underground parking space are included, with garage access directly into the building. The property is across from Saint Joseph’s University and near Lankenau Hospital, SEPTA trains and buses, shops, and Center City Philadelphia. It is within the Lower Merion School District.
A designated basement storage unit and underground parking space are included, with garage access directly into the building. The property is across from Saint Joseph’s University and near Lankenau Hospital, SEPTA trains and buses, shops, and Center City Philadelphia. It is within the Lower Merion School District.
Key Highlights
- Two bedrooms plus a den/office that can serve as a third bedroom
- 2.5 bathrooms, including one with a marble walk‑in shower and another with a jetted tub
- Renovated first‑floor condominium in the 1920 Wallace and Warner‑designed York Lynne Manor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,399
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,980
$508.0K
Cap Rate 7%
$362,843
$362.8K
Cap Rate 9%
$282,211
$282.2K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$49.2K $26.16/SF
− Vacancy
−$3.0K −$1.60/SF
EGI
$46.2K $24.56/SF
− OpEx
−$20.8K −$11.05/SF
NOI
$25.4K $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 Rate 5%
$507,980
Cap Rate 7%
$362,843
Cap Rate 9%
$282,211
Alternative Uses
Best Use
Apartment 5plus
$362.8K
$317.5K – $423.3K
NOI $25,399 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$946.2K – $1.26M
NOI $75,698 @ 7.0% cap · market cap 21.63%
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
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 19066, PA
6,107
Population
1,866
Households
3.3
Avg Household Size
38
Median Age
84%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
4,698
Density / Sq Mi
$243,500
Median Household Income
$91,685
Median Earnings
$2,319
Median Rent
$871,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The residence has two bedrooms plus a den or office that can serve as a third bedroom.
Where is this residential income property located?
The property is located at 415 CITY AVENUE Unit H-1 Merion Station, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two bedrooms plus a den/office that can serve as a third bedroom; 2.5 bathrooms, including one with a marble walk‑in shower and another with a jetted tub; Renovated first‑floor condominium in the 1920 Wallace and Warner‑designed York Lynne Manor
