Building Details

Building Size 1,429 SF

Year Built 1918

Year Renovated 2020

Listing Agency: Compass Pennsylvania, LLC

Listed By: Lisa Liacouras · License #RS156657A Show Phone

Source: Mainlinekw

Added: Sep 9 Changed: Oct 26 Last Checked: Oct 28 at 2:17PM

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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

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Investment Insights

Based on property information with market context.

This full-floor condominium residence occupies the building’s second level and combines a spacious residential layout with condominium convenience. The home includes hardwood-floored living areas, a fireplace, built-in bookcases, formal dining space, an eat-in kitchen, four bedrooms, renovated baths, customized closets, and a private basement storage locker. Windows on all four sides bring natural light throughout the residence, while glass-paneled doors separate the bedroom wing from the main living areas.

Renovations completed in 2020 include the kitchen, bathrooms, window replacements, custom shades, and fresh interior paint. Heated floors are featured in the kitchen, pantry, and renovated bathrooms. Sliding doors open from the dining room to a new Trex deck completed in 2026. The property also includes a deeded parking space beside the building entrance, visitor parking access from Old Lancaster Road, and a building constructed in 1918.

Key Highlights

• Full second‑floor condominium residence with windows on all four sides
• Renovated in 2020, including kitchen, bathrooms, and all 28 windows
• New Trex deck completed in 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,306

Cap Rate

3.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$386,120 $386.1K

Cap Rate 7%

$275,800 $275.8K

Cap Rate 9%

$214,511 $214.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,429 SF

Gross rent

$37.4K $26.16/SF

− Vacancy

−$2.3K −$1.60/SF

EGI

$35.1K $24.56/SF

− OpEx

−$15.8K −$11.05/SF

NOI

$19.3K $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%

$386,120

Cap Rate 7%

$275,800

Cap Rate 9%

$214,511

Alternative Uses

Best Use

Apartment 5plus

$275.8K

$241.3K – $321.8K (±1% cap)

NOI $19,306 @ 7.0% cap · market cap 3.09%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$822.0K

$719.2K – $959.0K (±1% cap)

NOI $57,538 @ 7.0% cap · market cap 9.21%

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

1,651

Businesses Nearby

Explore this area Business Placement

Demographics for 19041, PA

6,526

Population

2,548

Households

2.6

Avg Household Size

46

Median Age

79%

College-Educated

97%

High-School Grad

3.3 sq mi

ZIP Area

1,978

Density / Sq Mi

$147,531

Median Household Income

$45,519

Median Earnings

$2,250

Median Rent

$908,600

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - Full-floor condominium residence with four-sided windows, private outdoor space, deeded parking, and extensive 2020 renovations.

Where is this residential income property located?

The property is located at 424 W MONTGOMERY AVENUE Unit 4-B Haverford, PA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Full second‑floor condominium residence with windows on all four sides; Renovated in 2020, including kitchen, bathrooms, and all 28 windows; New Trex deck completed in 2026