Residential Income Property with
For Sale
$359,900
531 CARSON TERRACE, Huntingdon Valley, PA 19006
The two-bedroom layout includes a private balcony, two full bathrooms, and main-level laundry.
Property Size1,530 SF
Days on Market8
Property Features for 531 CARSON TERRACE
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$8,212
Building Details
Building Size
1,530 SF
Year Built
2009
Listing Agency:
Elite Realty Group Unl. Inc.
Listed By:
Joseph B Bograd · License #AB066484
(267) 246-9729
Source:
Lizclarkrealestate
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 6 at 12:13AM
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 Elite Realty Group Unl. Inc.
Investment Insights
Based on property information with market context.
Built in 2009, this Huntingdon Place penthouse condominium has two bedrooms, two full bathrooms, and an open kitchen, dining, and living area. The kitchen is appointed with granite countertops, stainless steel appliances, dark cabinetry, and a breakfast bar. Sliding glass doors connect the living and dining space to a private balcony. A loft overlooks the living room, while the main level accommodates the bedrooms, bathrooms, kitchen, living areas, and laundry. The primary suite includes two walk-in closets and an en suite bathroom with a soaking tub, separate shower, and double vanity. The second bedroom has access to a full bathroom from both the bedroom and hallway.
Building amenities include a 24-hour lobby attendant, indoor pool, fitness center, community room, and covered parking garage. The unit comes with two parking spaces, and the association fee includes water and gas.
Building amenities include a 24-hour lobby attendant, indoor pool, fitness center, community room, and covered parking garage. The unit comes with two parking spaces, and the association fee includes water and gas.
Key Highlights
- Two‑bedroom penthouse condominium with two full bathrooms
- Loft overlooking the living room; main‑level layout includes bedrooms, bathrooms, and laundry
- Private balcony accessed through sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,671
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,420
$413.4K
Cap Rate 7%
$295,300
$295.3K
Cap Rate 9%
$229,678
$229.7K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$40.0K $26.16/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$37.6K $24.56/SF
− OpEx
−$16.9K −$11.05/SF
NOI
$20.7K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,420
Cap Rate 7%
$295,300
Cap Rate 9%
$229,678
Alternative Uses
Best Use
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$880.1K
$770.1K – $1.03M
NOI $61,605 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 19006, PA
23,148
Population
8,691
Households
2.7
Avg Household Size
45
Median Age
54%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
1,740
Density / Sq Mi
$124,302
Median Household Income
$60,236
Median Earnings
$1,430
Median Rent
$518,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom layout includes a private balcony, two full bathrooms, and main-level laundry.
Where is this residential income property located?
The property is located at 531 CARSON TERRACE Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑bedroom penthouse condominium with two full bathrooms; Loft overlooking the living room; main‑level layout includes bedrooms, bathrooms, and laundry; Private balcony accessed through sliding glass doors
