Redesigned Double-Unit Residential
New
For Sale
$439,000
8302 OLD YORK ROAD Unit A34, Elkins Park, PA 19027
Third-floor residence with custom interiors, wooded outlooks, private outdoor space, and assigned garage parking.
Property Size2,592 SF
Price / SF$175.60
Days on Market3
Property Features for 8302 OLD YORK ROAD Unit A34
General Information
Standard status
Active
Size
2,592 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$13,490
Amenities
lobby
social room
Building Details
Building Size
2,592 SF
Year Built
1973
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Melissa Avivi · License #RS153136
(215) 778-6141
Source:
Lizclarkrealestate
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 2:41PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This third-floor double-unit residence at Briar House provides 2,500 SF of redesigned living space with an open layout and wood flooring. Recessed lighting, a coffered ceiling, and abundant natural light complement the interior. The kitchen features custom cabinetry, stainless appliances, and a connected breakfast area. Three bedrooms include a primary suite with a walk-in fitted closet and en suite bath; two additional rooms can serve as bedrooms, an office, or a den. The unit also includes another full bath, a powder room, a laundry room, and a second fitted walk-in closet.
A private terrace extends the living area and overlooks wooded surroundings. The secure mid-rise building offers a lobby, elevator service, and social room. One reserved garage parking space conveys with the unit, and a storage locker is located in the third-floor hallway. The building was constructed in 1973.
A private terrace extends the living area and overlooks wooded surroundings. The secure mid-rise building offers a lobby, elevator service, and social room. One reserved garage parking space conveys with the unit, and a storage locker is located in the third-floor hallway. The building was constructed in 1973.
Key Highlights
- 2,500 SF third‑floor double‑unit residence
- Three bedrooms, including a primary suite with en suite bath
- Private terrace with wooded 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
$33,776
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
7.69%
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%
$675,520
$675.5K
Cap Rate 7%
$482,514
$482.5K
Cap Rate 9%
$375,289
$375.3K
Market Conditions
NOI Build-Up for 2,500 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
$65.4K $26.16/SF
− Vacancy
−$4.0K −$1.60/SF
EGI
$61.4K $24.56/SF
− OpEx
−$27.6K −$11.05/SF
NOI
$33.8K $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%
$675,520
Cap Rate 7%
$482,514
Cap Rate 9%
$375,289
Alternative Uses
Best Use
Apartment 5plus
$482.5K
$422.2K – $562.9K
NOI $33,776 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,662 @ 7.0% cap · market cap 22.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,226
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor residence with custom interiors, wooded outlooks, private outdoor space, and assigned garage parking.
Where is this residential income property located?
The property is located at 8302 OLD YORK ROAD Unit A34 Elkins Park, PA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,500 SF third‑floor double‑unit residence; Three bedrooms, including a primary suite with en suite bath; Private terrace with wooded views
