Redesigned Double-Unit Residential
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 Market47
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 13
Changed: Oct 25
Last Checked: Oct 28 at 5:36PM
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
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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 / Yr
$33,776
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,226
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 - 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
