55+ Condominium with Private
For Sale
$297,500
7311 CENTENNIAL STATION, Warminster, PA 18974
The two-bedroom residence has an updated kitchen, in-unit laundry, and indoor access to the community center.
Property Size1,008 SF
Price / SF$295.14
Days on Market50
Property Features for 7311 CENTENNIAL STATION
General Information
Standard status
Active
Size
1,008 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,532
Amenities
private balcony
indoor heated pool
fitness center
library
card rooms
billiards
meeting spaces
walking paths
Building Details
Building Size
1,008 SF
Year Built
1991
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 27 at 4:22AM
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 Realty
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Investment Insights
Based on property information with market context.
Set on the third floor of Building 7, this 1,008-square-foot condominium has two bedrooms and two full bathrooms. The kitchen has been updated and opens toward the living and dining area through a pass-through counter. A private balcony adds outdoor space and includes two storage closets. The primary bedroom has an ensuite bath with a walk-in shower and a walk-in closet; the second bedroom is served by a full hall bath. A full-size washer and dryer are included, and the building has elevator service and a secure entrance. Built in 1991, the property is part of a 55+ community, with at least one resident required to be 55 or older and other full-time residents at least 18.
Building 7 connects indoors to the community center. Community amenities include an indoor heated pool, fitness center, library, billiards, card rooms, meeting areas, and walking paths. The condominium fee covers access to community amenities and services, as well as water, sewer, trash, snow removal, basic cable, security monitoring, and the master insurance policy. Cats are permitted; dogs are not, except as required by law for service animals.
Building 7 connects indoors to the community center. Community amenities include an indoor heated pool, fitness center, library, billiards, card rooms, meeting areas, and walking paths. The condominium fee covers access to community amenities and services, as well as water, sewer, trash, snow removal, basic cable, security monitoring, and the master insurance policy. Cats are permitted; dogs are not, except as required by law for service animals.
Key Highlights
- 1,008‑square‑foot condominium with two bedrooms and two full bathrooms
- Third‑floor home in Building 7, one of four buildings connected indoors to the community center
- Private balcony with two storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,481
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,620
$249.6K
Cap Rate 7%
$178,300
$178.3K
Cap Rate 9%
$138,678
$138.7K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$23.5K $23.28/SF
− Vacancy
−$774 −$0.77/SF
EGI
$22.7K $22.51/SF
− OpEx
−$10.2K −$10.13/SF
NOI
$12.5K $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%
$249,620
Cap Rate 7%
$178,300
Cap Rate 9%
$138,678
Alternative Uses
Best Use
Apartment 5plus
$178.3K
$156.0K – $208.0K
NOI $12,481 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.6K
$267.4K – $356.6K
NOI $21,393 @ 7.0% cap · market cap 7.19%
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
406
Businesses Nearby
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Business Placement
Demographics for 18974, PA
42,507
Population
17,970
Households
2.4
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
2,158
Density / Sq Mi
$99,724
Median Household Income
$57,726
Median Earnings
$1,634
Median Rent
$407,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence has an updated kitchen, in-unit laundry, and indoor access to the community center.
Where is this residential income property located?
The property is located at 7311 CENTENNIAL STATION Warminster, PA.
What is the asking price?
The asking price for this property is $297,500.
What are key features of this property?
This property features: 1,008‑square‑foot condominium with two bedrooms and two full bathrooms; Third‑floor home in Building 7, one of four buildings connected indoors to the community center; Private balcony with two storage closets
