Three-Bedroom Condominium
For Sale
$415,000
519 WALNUT LANE Unit 1, Swarthmore, PA 19081
First-floor residence with updated HVAC, hardwood flooring, in-unit laundry, basement storage, and two detached garage spaces.
Property Size1,432 SF
Price / SF$289.80
Days on Market56
Property Features for 519 WALNUT LANE Unit 1
General Information
Standard status
Active
Size
1,432 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,677
Building Details
Building Size
1,432 SF
Year Built
1893
Listing Agency:
BHHS Fox & Roach-Chadds Ford
Listed By:
Susan Kauffman · License #RS339456
(302) 983-8353
Source:
Wagnerrealestate
Added: Sep 10
Changed: Nov 2
Last Checked: Nov 3 at 9:00AM
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 BHHS Fox & Roach-Chadds Ford
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Investment Insights
Based on property information with market context.
Set within a Victorian home converted into three condominiums in 1983, this first-floor unit offers 1,432 square feet and three bedrooms. The primary bedroom has an ensuite bathroom, with a second full bathroom off the hall. A kitchen with room for a table and chairs, laundry closet, large windows, and decorative fireplace with its original mantel complete the interior. The seller updated the HVAC, installed hardwood floors, refreshed the paint, and added an LG refrigerator and washer. A new front door was installed in 2022.
The unit includes access to a full basement for storage and two detached garage spaces. Shopping, dining, and major roads are nearby.
The unit includes access to a full basement for storage and two detached garage spaces. Shopping, dining, and major roads are nearby.
Key Highlights
- 1,432‑square‑foot, first‑floor condominium in a three‑unit conversion completed in 1983
- Three bedrooms and two full bathrooms, including an ensuite
- Two detached garage spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,355
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,100
$287.1K
Cap Rate 7%
$205,071
$205.1K
Cap Rate 9%
$159,500
$159.5K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$30.2K $21.12/SF
− Vacancy
−$4.1K −$2.89/SF
EGI
$26.1K $18.23/SF
− OpEx
−$11.7K −$8.20/SF
NOI
$14.4K $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%
$287,100
Cap Rate 7%
$205,071
Cap Rate 9%
$159,500
Alternative Uses
Best Use
Apartment 5plus
$205.1K
$179.4K – $239.3K
NOI $14,355 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.2K
$379.9K – $506.5K
NOI $30,392 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
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Business Placement
Demographics for 19081, PA
10,803
Population
3,875
Households
2.8
Avg Household Size
37
Median Age
66%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
4,910
Density / Sq Mi
$129,973
Median Household Income
$54,288
Median Earnings
$1,452
Median Rent
$333,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor residence with updated HVAC, hardwood flooring, in-unit laundry, basement storage, and two detached garage spaces.
Where is this residential income property located?
The property is located at 519 WALNUT LANE Unit 1 Swarthmore, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1,432‑square‑foot, first‑floor condominium in a three‑unit conversion completed in 1983; Three bedrooms and two full bathrooms, including an ensuite; Two detached garage spaces included
