Residential Income Property with
For Sale
$180,000
Pending
666 W GERMANTOWN PIKE Unit 1617, Plymouth Meeting, PA 19462
Condominium unit with private balcony, community recreation facilities, gated entry, and access to shopping, dining, and regional transportation.
Property Size809 SF
Days on Market19
Property Features for 666 W GERMANTOWN PIKE Unit 1617
General Information
Standard status
Pending
Size
809 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,374
Amenities
outdoor swimming pool
tennis courts
basketball courts
fitness center
clubhouse
billiard/game room
library
meeting rooms
24/7 gated entry
on-site management
on-site maintenance
private balcony
Building Details
Building Size
809 SF
Year Built
1974
Listing Agency:
Keller Williams Real Estate-Doylestown
(215) 919-7367
Listed By:
Maggie Baker · License #RS291376
(215) 919-7367
Source:
Lizclarkrealestate
Added: Aug 6
Changed: Aug 21
Last Checked: Aug 23 at 8:51AM
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 Keller Williams Real Estate-Doylestown
Investment Insights
Based on property information with market context.
This condominium unit at Plymouth Hill includes a private balcony with sunset views and access to a broad range of shared facilities. Community amenities include an outdoor swimming pool, tennis and basketball courts, a fitness center, clubhouse, billiard and game room, library, meeting rooms, and elevator service. The property was built in 1974 and includes on-site management and maintenance.
Residents have 24/7 gated entry and convenient access to Route 476, the PA Turnpike, and Center City Philadelphia. Plymouth Meeting Mall is nearby, along with Whole Foods, Giant, restaurants, cafes, and entertainment options. The community is located within the Colonial School District.
Residents have 24/7 gated entry and convenient access to Route 476, the PA Turnpike, and Center City Philadelphia. Plymouth Meeting Mall is nearby, along with Whole Foods, Giant, restaurants, cafes, and entertainment options. The community is located within the Colonial School District.
Key Highlights
- Private balcony with sunset views
- Outdoor pool, tennis courts, basketball courts, and fitness center
- Clubhouse, billiard and game room, library, and meeting rooms
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
$10,930
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
6.07%
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%
$218,600
$218.6K
Cap Rate 7%
$156,143
$156.1K
Cap Rate 9%
$121,444
$121.4K
Market Conditions
NOI Build-Up for 809 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
$21.2K $26.16/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$19.9K $24.56/SF
− OpEx
−$8.9K −$11.05/SF
NOI
$10.9K $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%
$218,600
Cap Rate 7%
$156,143
Cap Rate 9%
$121,444
Alternative Uses
Best Use
Apartment 5plus
$156.1K
$136.6K – $182.2K
NOI $10,930 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$465.3K
$407.2K – $542.9K
NOI $32,574 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 19462, PA
16,267
Population
6,658
Households
2.4
Avg Household Size
41
Median Age
53%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
1,960
Density / Sq Mi
$133,942
Median Household Income
$66,598
Median Earnings
$1,771
Median Rent
$452,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium unit with private balcony, community recreation facilities, gated entry, and access to shopping, dining, and regional transportation.
Where is this residential income property located?
The property is located at 666 W GERMANTOWN PIKE Unit 1617 Plymouth Meeting, PA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Private balcony with sunset views; Outdoor pool, tennis courts, basketball courts, and fitness center; Clubhouse, billiard and game room, library, and meeting rooms
