Updated Residential Income
For Sale
$289,500
Pending
510 N LEMON STREET #D2, Media, PA 19063
Two-bedroom condominium with a creek-facing enclosed sunroom, renovated kitchen, and private primary bathroom.
Property Size975 SF
Days on Market92
Property Features for 510 N LEMON STREET #D2
General Information
Standard status
Pending
Size
975 SF
Property subtype
Condominium
Building Details
Year Built
1973
Listing Agency:
Houwzer, LLC
(267) 765-2080
Listed By:
Michael DeFiore · License #RS329854
(609) 790-4824
Source:
Cummingsrealtors
Added: Jul 24
Changed: Oct 19
Last Checked: Oct 23 at 10:16AM
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 Houwzer, LLC
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Investment Insights
Based on property information with market context.
This 975-square-foot condominium at 510 N. Lemon Street includes 2 bedrooms and 2 full bathrooms. The interior centers on a large living room connected by French doors to an enclosed sunroom with creek views and additional storage. The kitchen has quartz countertops, a deep sink, painted cabinetry, and newer stainless steel appliances, while the primary suite offers generous closet space, in-unit laundry, and a renovated private bath with a walk-in shower. A second bedroom and updated hall bathroom add flexibility within the residence.
The property is located in the Hickory Hill community of Media Borough, minutes from Media’s State Street dining and shopping district, Granite Run, the Blue Route, and public transportation. Ownership includes a private storage unit across the hall, assigned parking space #27, and access to a community car-washing area. HOA services include water, trash removal, snow removal, and common-area maintenance. Owner-occupants only; no investors, smoking, pets, or trucks in lower-lot assigned parking.
The property is located in the Hickory Hill community of Media Borough, minutes from Media’s State Street dining and shopping district, Granite Run, the Blue Route, and public transportation. Ownership includes a private storage unit across the hall, assigned parking space #27, and access to a community car-washing area. HOA services include water, trash removal, snow removal, and common-area maintenance. Owner-occupants only; no investors, smoking, pets, or trucks in lower-lot assigned parking.
Key Highlights
- 975‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Enclosed sunroom with creek views, French‑door access, and added storage
- Renovated kitchen with quartz countertops and newer stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,774
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,480
$195.5K
Cap Rate 7%
$139,629
$139.6K
Cap Rate 9%
$108,600
$108.6K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$20.6K $21.12/SF
− Vacancy
−$2.8K −$2.89/SF
EGI
$17.8K $18.23/SF
− OpEx
−$8.0K −$8.20/SF
NOI
$9.8K $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%
$195,480
Cap Rate 7%
$139,629
Cap Rate 9%
$108,600
Alternative Uses
Best Use
Apartment 5plus
$139.6K
$122.2K – $162.9K
NOI $9,774 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.6K
$258.7K – $344.9K
NOI $20,693 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,506
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with a creek-facing enclosed sunroom, renovated kitchen, and private primary bathroom.
Where is this residential income property located?
The property is located at 510 N LEMON STREET #D2 Media, PA.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: 975‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Enclosed sunroom with creek views, French‑door access, and added storage; Renovated kitchen with quartz countertops and newer stainless steel appliances
