Studio Residential Income
For Sale
$133,900
7900 OLD YORK ROAD Unit 609B, Elkins Park, PA 19027
The sixth-floor condo offers studio living in Building B, with shops and restaurants a short walk away.
Property Size832 SF
Price / SF$160.94
Days on Market126
Property Features for 7900 OLD YORK ROAD Unit 609B
General Information
Standard status
Active
Size
832 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,337
Amenities
stunning view
Building Details
Building Size
832 SF
Year Built
1957
Listing Agency:
Philly Real Estate
Listed By:
Kham li · License #RS348652
(215) 678-0049
Source:
Wagnerrealestate
Added: Jul 1
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 Philly Real Estate
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Investment Insights
Based on property information with market context.
This studio condominium is located on the sixth floor of Building B and contains 832 square feet. The building dates to 1957, and the unit has a view.
Shops and restaurants are described as steps from the property. The residence is in Elkins Park, Pennsylvania.
Shops and restaurants are described as steps from the property. The residence is in Elkins Park, Pennsylvania.
Key Highlights
- 832‑square‑foot studio condo
- Located on the sixth floor of Building B
- Building constructed in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,241
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,820
$224.8K
Cap Rate 7%
$160,586
$160.6K
Cap Rate 9%
$124,900
$124.9K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$21.8K $26.16/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$20.4K $24.56/SF
− OpEx
−$9.2K −$11.05/SF
NOI
$11.2K $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%
$224,820
Cap Rate 7%
$160,586
Cap Rate 9%
$124,900
Alternative Uses
Best Use
Apartment 5plus
$160.6K
$140.5K – $187.4K
NOI $11,241 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$478.6K
$418.8K – $558.3K
NOI $33,500 @ 7.0% cap · market cap 25.02%
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
711
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The sixth-floor condo offers studio living in Building B, with shops and restaurants a short walk away.
Where is this residential income property located?
The property is located at 7900 OLD YORK ROAD Unit 609B Elkins Park, PA.
What is the asking price?
The asking price for this property is $133,900.
What are key features of this property?
This property features: 832‑square‑foot studio condo; Located on the sixth floor of Building B; Building constructed in 1957
