Remodeled One-Bedroom
For Sale
$222,000
68202 DELAIRE LANDING ROAD Unit 202, Philadelphia, PA 19114
Updated condo with waterfront views, renovated kitchen and bath, and in-unit laundry.
Property Size806 SF
Days on Market49
Property Features for 68202 DELAIRE LANDING ROAD Unit 202
General Information
Standard status
Active
Size
806 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast Philadelphia
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,575
Amenities
in-unit washer and dryer
two outdoor pools
24-hour security
gated community
lawn care
exterior maintenance
snow removal
trash removal
waterfront areas
Building Details
Building Size
806 SF
Year Built
1972
Listing Agency:
Re/Max One Realty
Listed By:
Maureen P Isaacs · License #RS291122
(215) 953-8800
Source:
Lizclarkrealestate
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 4 at 7:35PM
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 One Realty
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium was remodeled with refreshed living areas, an updated kitchen, and a renovated bathroom. An in-unit washer and dryer add everyday convenience, while waterfront views contribute to the setting. Built in 1972, the residence is located within a private gated community.
Community features include 24-hour security, two outdoor pools, maintained grounds, and access to waterfront areas. Lawn care, exterior maintenance, snow removal, and trash removal are provided as part of the community services, supporting a low-maintenance ownership experience.
Community features include 24-hour security, two outdoor pools, maintained grounds, and access to waterfront areas. Lawn care, exterior maintenance, snow removal, and trash removal are provided as part of the community services, supporting a low-maintenance ownership experience.
Key Highlights
- One‑bedroom, one‑bath condominium
- Remodeled interior with renovated kitchen and bath
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,678
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,560
$253.6K
Cap Rate 7%
$181,114
$181.1K
Cap Rate 9%
$140,867
$140.9K
Market Conditions
NOI Build-Up for 806 SF
Gross rent
$24.5K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$23.1K $28.60/SF
− OpEx
−$10.4K −$12.87/SF
NOI
$12.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,560
Cap Rate 7%
$181,114
Cap Rate 9%
$140,867
Alternative Uses
Best Use
Apartment 5plus
$181.1K
$158.5K – $211.3K
NOI $12,678 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$196.5K
$171.9K – $229.2K
NOI $13,754 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with waterfront views, renovated kitchen and bath, and in-unit laundry.
Where is this residential income property located?
The property is located at 68202 DELAIRE LANDING ROAD Unit 202 Philadelphia, PA.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium; Remodeled interior with renovated kitchen and bath; In‑unit washer and dryer
