First-Floor Residential Income
New
For Sale
$270,000
425 OLD FORGE CROSSING, Devon, PA 19333
One-level condominium with a combined living and dining area, full kitchen, private laundry, and access to community amenities.
Property Size775 SF
Days on Market4
Property Features for 425 OLD FORGE CROSSING
General Information
Standard status
Active
Size
775 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,832
Amenities
swimming pool
tennis courts
clubhouse
Building Details
Building Size
775 SF
Year Built
1973
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Mark D Sweeney · License #AB045453A
(610) 247-3339
Source:
Lizclarkrealestate
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 20 at 9:40AM
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 Keller Williams Realty Devon-Wayne
Investment Insights
Based on property information with market context.
This one-level, first-floor residential income property is a one-bedroom, one-bathroom condominium with a combined living and dining area. The full kitchen includes a gas stove, built-in microwave, dishwasher, refrigerator, and pantry. The bedroom has two closets, while the bathroom includes both a tub and shower. A separate laundry room contains a full-size washer and dryer, and parking is located in front of the residence.
Built in 1973, the property is within Old Forge Crossing, which provides a swimming pool, tennis courts, and clubhouse. The community also offers organized resident activities. The condominium fee includes cooking, dryer, and hot water gas service, lawn care, snow removal, trash and recycling, and use of the pool and tennis courts. Major highways and public transportation are nearby, with access toward Philadelphia and Wilmington.
Built in 1973, the property is within Old Forge Crossing, which provides a swimming pool, tennis courts, and clubhouse. The community also offers organized resident activities. The condominium fee includes cooking, dryer, and hot water gas service, lawn care, snow removal, trash and recycling, and use of the pool and tennis courts. Major highways and public transportation are nearby, with access toward Philadelphia and Wilmington.
Key Highlights
- One‑bedroom, one‑bathroom condominium with one‑level, first‑floor access
- Full kitchen with gas stove, built‑in microwave, dishwasher, refrigerator, and pantry
- Separate laundry room with full‑size washer and dryer
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
$8,404
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
3.11%
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%
$168,080
$168.1K
Cap Rate 7%
$120,057
$120.1K
Cap Rate 9%
$93,378
$93.4K
Market Conditions
NOI Build-Up for 775 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
$16.6K $21.36/SF
− Vacancy
−$1.3K −$1.64/SF
EGI
$15.3K $19.72/SF
− OpEx
−$6.9K −$8.87/SF
NOI
$8.4K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /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%
$168,080
Cap Rate 7%
$120,057
Cap Rate 9%
$93,378
Alternative Uses
Best Use
Apartment 5plus
$120.1K
$105.1K – $140.1K
NOI $8,404 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.0K
$205.6K – $274.1K
NOI $16,448 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 19333, PA
7,734
Population
3,039
Households
2.5
Avg Household Size
41
Median Age
83%
College-Educated
99%
High-School Grad
3.7 sq mi
ZIP Area
2,090
Density / Sq Mi
$157,083
Median Household Income
$94,262
Median Earnings
$1,833
Median Rent
$688,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-level condominium with a combined living and dining area, full kitchen, private laundry, and access to community amenities.
Where is this residential income property located?
The property is located at 425 OLD FORGE CROSSING Devon, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium with one‑level, first‑floor access; Full kitchen with gas stove, built‑in microwave, dishwasher, refrigerator, and pantry; Separate laundry room with full‑size washer and dryer
