Residential Income Property with
For Sale
$250,000
443 DRUMMERS LANE Unit 443, Wayne, PA 19087
An updated third-floor residence features a flexible second room and wooded views from its private balcony.
Property Size819 SF
Days on Market9
Property Features for 443 DRUMMERS LANE Unit 443
General Information
Standard status
Active
Size
819 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,689
Amenities
walking paths
landscaped grounds
dedicated storage unit
secure building entrance
private balcony
same-floor laundry area
trash disposal and recycling
Building Details
Building Size
819 SF
Year Built
1969
Listing Agency:
Keller Williams Realty Wilmington
Listed By:
Kenneth Van Every · License #RS329110
(302) 529-1857
Source:
Lizclarkrealestate
Added: Oct 27
Changed: Nov 4
Last Checked: Nov 3 at 12:18PM
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 Wilmington
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Investment Insights
Based on property information with market context.
This third-floor condominium in Glenhardie has a flexible floor plan, wood-look vinyl plank flooring, and a private balcony overlooking wooded grounds. The kitchen includes white cabinetry, a five-burner gas range, a stainless steel refrigerator, and a pass-through to the living area. A separate dining room, spacious primary bedroom, updated bathroom, and second room suited to several uses complete the interior. Hallway closets and a dedicated storage unit provide additional storage. Laundry facilities are located on the same floor, with coin-operated machines.
The community is in Wayne and falls within the Tredyffrin-Easttown School District. Routes 202 and 422, I-76 and I-276, and the Wayne and Devon rail stations are nearby. Valley Forge National Historical Park, King of Prussia Mall and Town Center, and several grocery retailers are also in the surrounding area. Glenhardie Country Club offers optional membership, separate from the condominium association.
The community is in Wayne and falls within the Tredyffrin-Easttown School District. Routes 202 and 422, I-76 and I-276, and the Wayne and Devon rail stations are nearby. Valley Forge National Historical Park, King of Prussia Mall and Town Center, and several grocery retailers are also in the surrounding area. Glenhardie Country Club offers optional membership, separate from the condominium association.
Key Highlights
- Third‑floor condominium with a flexible second room
- Private balcony with wooded views
- Kitchen has a five‑burner gas range, white cabinetry, and stainless steel refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,210
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,200
$164.2K
Cap Rate 7%
$117,286
$117.3K
Cap Rate 9%
$91,222
$91.2K
Market Conditions
NOI Build-Up for 819 SF
Gross rent
$17.3K $21.12/SF
− Vacancy
−$2.4K −$2.89/SF
EGI
$14.9K $18.23/SF
− OpEx
−$6.7K −$8.20/SF
NOI
$8.2K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,200
Cap Rate 7%
$117,286
Cap Rate 9%
$91,222
Alternative Uses
Best Use
Apartment 5plus
$117.3K
$102.6K – $136.8K
NOI $8,210 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.3K
$217.3K – $289.7K
NOI $17,382 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 19087, PA
33,501
Population
12,829
Households
2.6
Avg Household Size
40
Median Age
78%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$165,451
Median Household Income
$71,234
Median Earnings
$2,130
Median Rent
$693,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An updated third-floor residence features a flexible second room and wooded views from its private balcony.
Where is this residential income property located?
The property is located at 443 DRUMMERS LANE Unit 443 Wayne, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Third‑floor condominium with a flexible second room; Private balcony with wooded views; Kitchen has a five‑burner gas range, white cabinetry, and stainless steel refrigerator
