Pond-View Residential Income
431 OLD FORGE CROSSING Unit 431, Devon, PA 19333
For Sale
New
$239,999
The one-bedroom unit looks out over a pond within a residential community in Devon, Pennsylvania.
Property Size875 SF
Days on Market5
Property Features for 431 OLD FORGE CROSSING Unit 431
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Real Estate-Langhorne
Listed By:
Brian P Gunn · License #RS317067
(215) 292-3886
Source:
Lizclarkrealestate
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:30PM
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 Real Estate-Langhorne
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Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom unit with a pond outlook. Built in 1973, it is located in Devon, Pennsylvania.
Key Highlights
- One‑bedroom residential unit
- Pond outlook from the unit
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,488
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,760
$189.8K
Cap Rate 7%
$135,543
$135.5K
Cap Rate 9%
$105,422
$105.4K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$18.7K $21.36/SF
− Vacancy
−$1.4K −$1.64/SF
EGI
$17.3K $19.72/SF
− OpEx
−$7.8K −$8.87/SF
NOI
$9.5K $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 Rate 5%
$189,760
Cap Rate 7%
$135,543
Cap Rate 9%
$105,422
Alternative Uses
Best Use
Apartment 5plus
$135.5K
$118.6K – $158.1K
NOI $9,488 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
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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
$688,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Chester County, PA
Properties on Market for Residential income properties in Chester County
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom unit looks out over a pond within a residential community in Devon, Pennsylvania.
Where is this residential income property located?
The property is located at 431 OLD FORGE CROSSING Unit 431 Devon, PA.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: One‑bedroom residential unit; Pond outlook from the unit; Built in 1973
