Residential Income Property with
For Sale
$274,900
66 OAKRIDGE DRIVE, Langhorne, PA 19047
The 1,075-square-foot home includes a bedroom, den, and updated kitchen.
Property Size1,075 SF
Price / SF$255.72
Days on Market41
Property Features for 66 OAKRIDGE DRIVE
General Information
Standard status
Active
Size
1,075 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,188
Amenities
private deck
Building Details
Building Size
1,075 SF
Year Built
1980
Listing Agency:
RE/MAX Properties
Listed By:
Carole A Resch · License #AB048868L
(215) 407-3795
Source:
Desantis-realestate
Added: Sep 19
Changed: Oct 27
Last Checked: Oct 27 at 3:40AM
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 RE/MAX Properties
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Investment Insights
Based on property information with market context.
This penthouse condominium in Summit Ridge offers 1,075 square feet with a bedroom and den. The kitchen has wood cabinetry, granite countertops, tile flooring, stainless steel appliances, and a glass-top stove. Hardwood floors extend through the rest of the home, and a custom sliding glass door opens to a private deck. The water heater was replaced in 2023; the building dates to 1980.
The property is close to shopping and major highways. Seasonal pool access at Summit Trace Apartments next door may be purchased separately.
The property is close to shopping and major highways. Seasonal pool access at Summit Trace Apartments next door may be purchased separately.
Key Highlights
- 1,075‑square‑foot penthouse condominium
- Bedroom plus den
- Remodeled kitchen with wood cabinetry, granite countertops, tile floor, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,310
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,200
$266.2K
Cap Rate 7%
$190,143
$190.1K
Cap Rate 9%
$147,889
$147.9K
Market Conditions
NOI Build-Up for 1,075 SF
Gross rent
$25.0K $23.28/SF
− Vacancy
−$826 −$0.77/SF
EGI
$24.2K $22.51/SF
− OpEx
−$10.9K −$10.13/SF
NOI
$13.3K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,200
Cap Rate 7%
$190,143
Cap Rate 9%
$147,889
Alternative Uses
Best Use
Apartment 5plus
$190.1K
$166.4K – $221.8K
NOI $13,310 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.9K
$285.2K – $380.3K
NOI $22,815 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
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Business Placement
Demographics for 19047, PA
35,452
Population
13,150
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,061
Density / Sq Mi
$110,395
Median Household Income
$55,992
Median Earnings
$1,770
Median Rent
$441,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1,075-square-foot home includes a bedroom, den, and updated kitchen.
Where is this residential income property located?
The property is located at 66 OAKRIDGE DRIVE Langhorne, PA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,075‑square‑foot penthouse condominium; Bedroom plus den; Remodeled kitchen with wood cabinetry, granite countertops, tile floor, and stainless steel appliances
