One-Bedroom Condominium with
For Sale
$135,000
7900 OLD YORK ROAD Unit 515-B, Elkins Park, PA 19027
The kitchen includes gas cooking, a breakfast bar, pantry, and generous cabinetry.
Property Size840 SF
Price / SF$160.71
Days on Market96
Property Features for 7900 OLD YORK ROAD Unit 515-B
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,367
Amenities
private balcony
walk-in closet
gas cooking
breakfast bar
pantry
ceiling fan
window air-conditioning unit
vertical blinds
additional designated storage space
Building Details
Building Size
840 SF
Year Built
1957
Listing Agency:
Tesla Realty Group, LLC
Listed By:
Hyo G Lee · License #RS304524
(267) 474-0274
Source:
Wagnerrealestate
Added: Jul 31
Changed: Nov 2
Last Checked: Nov 3 at 9:00AM
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 Tesla Realty Group, LLC
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium measures 840 square feet and includes a private balcony and additional storage elsewhere in the building. The living and dining areas connect, with access to the balcony from the living room. A walk-in closet serves the bedroom, while the kitchen features gas cooking, a breakfast bar, pantry, and window. The unit also has a window air-conditioning unit and vertical blinds.
Built in 1957, the condominium is located at Elkins Park House on Old York Road in Elkins Park, Pennsylvania.
Built in 1957, the condominium is located at Elkins Park House on Old York Road in Elkins Park, Pennsylvania.
Key Highlights
- 840‑square‑foot condominium with one bedroom and one full bathroom
- Private balcony accessed from the living room
- Kitchen with gas cooking, breakfast bar, pantry, and window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,349
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,980
$227.0K
Cap Rate 7%
$162,129
$162.1K
Cap Rate 9%
$126,100
$126.1K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$22.0K $26.16/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$20.6K $24.56/SF
− OpEx
−$9.3K −$11.05/SF
NOI
$11.3K $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 Rate 5%
$226,980
Cap Rate 7%
$162,129
Cap Rate 9%
$126,100
Alternative Uses
Best Use
Apartment 5plus
$162.1K
$141.9K – $189.2K
NOI $11,349 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$483.2K
$422.8K – $563.7K
NOI $33,822 @ 7.0% cap · market cap 25.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 19027, PA
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,915
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The kitchen includes gas cooking, a breakfast bar, pantry, and generous cabinetry.
Where is this residential income property located?
The property is located at 7900 OLD YORK ROAD Unit 515-B Elkins Park, PA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 840‑square‑foot condominium with one bedroom and one full bathroom; Private balcony accessed from the living room; Kitchen with gas cooking, breakfast bar, pantry, and window
