Residential Income Property with
New
For Sale
$565,000
807 SPRING MILL AVENUE Unit B, Conshohocken, PA 19428
Two-level condominium with private outdoor space, dedicated parking, and access to Conshohocken’s restaurants, rail service, and Schuylkill River Trail.
Property Size1,744 SF
Days on Market3
Property Features for 807 SPRING MILL AVENUE Unit B
General Information
Standard status
Active
Size
1,744 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,756
Building Details
Building Size
1,744 SF
Year Built
2015
Listing Agency:
Keller Williams Main Line
Listed By:
Carmine Rauso · License #RS344071
(610) 420-9979
Source:
Lizclarkrealestate
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 20 at 11:47AM
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 Main Line
Investment Insights
Based on property information with market context.
This two-level, top-floor condominium in Spring Mill Crossing was built in 2015 and offers a flexible residential layout with two bedrooms and two full bathrooms. The main level combines kitchen, dining, and living areas in an open arrangement with engineered hardwood floors, high ceilings, built-in cabinetry, and sliding doors to a private balcony. The kitchen includes marble countertops, a herringbone backsplash, stainless steel appliances, pull-out storage, and gas cooking. A second bedroom can also function as an office, den, guest room, or fitness area, while in-home laundry adds convenience.
The upper level is devoted to the primary suite, featuring vaulted ceilings, a sitting area, two walk-in closets with custom organizers, a second balcony, and an en-suite bathroom with marble details and a step-in shower. Parking includes a private garage and an additional assigned space. The property is near the Schuylkill River Trail, regional rail, restaurants, shopping, and nightlife in Conshohocken.
The upper level is devoted to the primary suite, featuring vaulted ceilings, a sitting area, two walk-in closets with custom organizers, a second balcony, and an en-suite bathroom with marble details and a step-in shower. Parking includes a private garage and an additional assigned space. The property is near the Schuylkill River Trail, regional rail, restaurants, shopping, and nightlife in Conshohocken.
Key Highlights
- Two‑level, top‑floor condominium built in 2015
- 2 bedrooms and 2 full bathrooms
- Two private balconies with treetop views
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
$23,562
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
4.17%
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%
$471,240
$471.2K
Cap Rate 7%
$336,600
$336.6K
Cap Rate 9%
$261,800
$261.8K
Market Conditions
NOI Build-Up for 1,744 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
$45.6K $26.16/SF
− Vacancy
−$2.8K −$1.60/SF
EGI
$42.8K $24.56/SF
− OpEx
−$19.3K −$11.05/SF
NOI
$23.6K $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%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Apartment 5plus
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$877.8K – $1.17M
NOI $70,222 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 19428, PA
19,690
Population
10,032
Households
2
Avg Household Size
36
Median Age
66%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
2,697
Density / Sq Mi
$116,566
Median Household Income
$73,713
Median Earnings
$1,900
Median Rent
$445,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium with private outdoor space, dedicated parking, and access to Conshohocken’s restaurants, rail service, and Schuylkill River Trail.
Where is this residential income property located?
The property is located at 807 SPRING MILL AVENUE Unit B Conshohocken, PA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑level, top‑floor condominium built in 2015; 2 bedrooms and 2 full bathrooms; Two private balconies with treetop views
