Residential Income Property with
New
For Sale
$474,900
576 CARSON TERRACE, Huntingdon Valley, PA 19006
Corner condominium with two bedrooms, flexible loft space, private balconies, and shared building amenities.
Property Size1,504 SF
Days on Market5
Property Features for 576 CARSON TERRACE
General Information
Standard status
Active
Size
1,504 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,894
Amenities
24-hour lobby attendant
indoor swimming pool
fitness center
community room
covered parking garage
scenic walking path
Building Details
Building Size
1,504 SF
Year Built
2011
Listing Agency:
Quinn & Wilson, Inc.
Listed By:
Renee M Meister · License #RS312308
(267) 879-9146
Source:
Lizclarkrealestate
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 22 at 10:06PM
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 Quinn & Wilson, Inc.
Investment Insights
Based on property information with market context.
This corner condominium at Huntingdon Place features two bedrooms on the main level and an upper loft that can serve as an office, playroom, additional living area, or third bedroom. The interior includes an open kitchen, dining, and living arrangement, along with granite counters, extensive cabinetry, an island with breakfast seating, and a two-story living room ceiling. The primary suite has two walk-in closets and a private bathroom with dual sinks, a separate shower, and a soaking tub. Two sliding-door openings connect the living area with private balconies.
Building amenities include a staffed lobby operating 24 hours, an indoor pool, fitness center, community room, covered parking garage, courtyard guest parking, and a walking path beside the pond. Association dues cover water and gas. The property was built in 2011 and is located near shopping, dining, and daily conveniences with access to the city.
Building amenities include a staffed lobby operating 24 hours, an indoor pool, fitness center, community room, covered parking garage, courtyard guest parking, and a walking path beside the pond. Association dues cover water and gas. The property was built in 2011 and is located near shopping, dining, and daily conveniences with access to the city.
Key Highlights
- Two‑bedroom corner condominium with an upper‑level loft
- Loft can accommodate a third bedroom, office, playroom, or additional living space
- Open kitchen, dining, and living area with granite counters and center island
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,400
$406.4K
Cap Rate 7%
$290,286
$290.3K
Cap Rate 9%
$225,778
$225.8K
Market Conditions
NOI Build-Up for 1,504 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.3K $26.16/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$36.9K $24.56/SF
− OpEx
−$16.6K −$11.05/SF
NOI
$20.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,400
Cap Rate 7%
$290,286
Cap Rate 9%
$225,778
Alternative Uses
Best Use
Apartment 5plus
$290.3K
$254.0K – $338.7K
NOI $20,320 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$865.1K
$757.0K – $1.01M
NOI $60,558 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
673
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner condominium with two bedrooms, flexible loft space, private balconies, and shared building amenities.
Where is this residential income property located?
The property is located at 576 CARSON TERRACE Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two‑bedroom corner condominium with an upper‑level loft; Loft can accommodate a third bedroom, office, playroom, or additional living space; Open kitchen, dining, and living area with granite counters and center island
