Residential Income Property with
For Sale
$215,000
Pending
47202 DELAIRE LANDING ROAD Unit 202, Philadelphia, PA 19114
The two-bedroom, two-bath condo includes a private balcony and access to shared recreational amenities.
Property Size1,036 SF
Days on Market31
Property Features for 47202 DELAIRE LANDING ROAD Unit 202
General Information
Standard status
Pending
Size
1,036 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast Philadelphia
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,080
Amenities
private balcony
swimming pools
tennis courts
basketball courts
recreation center
Building Details
Building Size
1,036 SF
Year Built
1972
Listing Agency:
KW Empower
Listed By:
Nicholas Rau · License #RS339737
(215) 610-1200
Source:
Lizclarkrealestate
Added: Oct 2
Changed: Oct 31
Last Checked: Nov 1 at 11:39AM
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 KW Empower
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Investment Insights
Based on property information with market context.
This residential property is a two-bedroom, two-bath condominium at 47202 Delaire Landing Road, Unit 202. Its layout includes a combined living and dining area, a kitchen with storage, and bedrooms with closets. A private balcony extends the unit’s usable space, and parking is located nearby. The building dates to 1972.
Delaire Landing is situated along the Delaware River in Northeast Philadelphia, with access to shopping, dining, and I-95. Community amenities include two swimming pools, tennis and basketball courts, and a recreation center.
Delaire Landing is situated along the Delaware River in Northeast Philadelphia, with access to shopping, dining, and I-95. Community amenities include two swimming pools, tennis and basketball courts, and a recreation center.
Key Highlights
- Two bedrooms and two full bathrooms
- Private balcony and nearby parking
- Community amenities include two swimming pools, tennis courts, basketball courts, and a recreation center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,296
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,920
$325.9K
Cap Rate 7%
$232,800
$232.8K
Cap Rate 9%
$181,067
$181.1K
Market Conditions
NOI Build-Up for 1,036 SF
Gross rent
$31.5K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$29.6K $28.60/SF
− OpEx
−$13.3K −$12.87/SF
NOI
$16.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,920
Cap Rate 7%
$232,800
Cap Rate 9%
$181,067
Alternative Uses
Best Use
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,296 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$252.6K
$221.0K – $294.7K
NOI $17,679 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath condo includes a private balcony and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 47202 DELAIRE LANDING ROAD Unit 202 Philadelphia, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Private balcony and nearby parking; Community amenities include two swimming pools, tennis courts, basketball courts, and a recreation center
