Residential Income Property with
501 N PROVIDENCE ROAD Unit 109, Media, PA 19063
For Sale
$278,000
Ground-floor residence combines direct patio access with an open living and dining area.
Property Size1,110 SF
Price / SF$250.45
Days on Market70
Property Features for 501 N PROVIDENCE ROAD Unit 109
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
Building Details
Building Size
Year Built
Listing Agency:
HomeSmart Realty Advisors
Listed By:
Norman S Carey · License #RS302579
(484) 716-5162
Source:
Desantis-realestate
Added: Aug 31
Changed: Nov 7
Last Checked: Nov 7 at 9:04PM
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 HomeSmart Realty Advisors
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Investment Insights
Based on property information with market context.
This 2-bedroom residential condominium offers 1,110 square feet of living space on the ground floor. The layout includes an open living and dining area, kitchen, full bathroom, primary bedroom with a walk-in closet, and a second bedroom. Fresh paint and new carpeting are in place. Sliding glass doors connect the living area to a private patio, and the unit also has a direct exterior entrance. Multiple closets and a separate linen closet provide storage.
A community pool is located nearby, and the unit includes an assigned parking space. Trash and snow removal are provided. Public transportation is accessible, and Media’s restaurants, shops, entertainment, and community events are within walking distance.
A community pool is located nearby, and the unit includes an assigned parking space. Trash and snow removal are provided. Public transportation is accessible, and Media’s restaurants, shops, entertainment, and community events are within walking distance.
Key Highlights
- 2‑bedroom condominium with 1,110 square feet
- Ground‑floor unit with direct exterior entrance and private patio
- Fresh paint and new carpeting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,127
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,540
$222.5K
Cap Rate 7%
$158,957
$159.0K
Cap Rate 9%
$123,633
$123.6K
Market Conditions
NOI Build-Up for 1,110 SF
Gross rent
$23.4K $21.12/SF
− Vacancy
−$3.2K −$2.89/SF
EGI
$20.2K $18.23/SF
− OpEx
−$9.1K −$8.20/SF
NOI
$11.1K $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%
$222,540
Cap Rate 7%
$158,957
Cap Rate 9%
$123,633
Alternative Uses
Best Use
Apartment 5plus
$159.0K
$139.1K – $185.5K
NOI $11,127 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.5K
$294.5K – $392.6K
NOI $23,558 @ 7.0% cap · market cap 8.47%
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
2,632
Businesses Nearby
Explore this area
Business Placement
Demographics for 19063, PA
38,338
Population
16,128
Households
2.4
Avg Household Size
46
Median Age
60%
College-Educated
97%
High-School Grad
25.1 sq mi
ZIP Area
1,527
Density / Sq Mi
$121,899
Median Household Income
$70,147
Median Earnings
$1,623
Median Rent
$505,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Delaware County, PA
Properties on Market for Residential income properties in Delaware County
Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor residence combines direct patio access with an open living and dining area.
Where is this residential income property located?
The property is located at 501 N PROVIDENCE ROAD Unit 109 Media, PA.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: 2‑bedroom condominium with 1,110 square feet; Ground‑floor unit with direct exterior entrance and private patio; Fresh paint and new carpeting
