Restored Top-Floor Income
For Sale
$300,000
900 VALLEY ROAD Unit C-403, Elkins Park, PA 19027
Three-bedroom condominium with renovated systems, preserved Art Deco details, dedicated parking, and access to nearby rail service.
Property Size1,762 SF
Days on Market56
Property Features for 900 VALLEY ROAD Unit C-403
General Information
Standard status
Active
Size
1,762 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,169
Building Details
Building Size
1,762 SF
Year Built
1926
Listing Agency:
Elfant Wissahickon-Chestnut Hill
Listed By:
Kelly McShain Tyree · License #RS318684
(646) 526-6909
Source:
Lizclarkrealestate
Added: Aug 15
Changed: Oct 3
Last Checked: Oct 7 at 4:22PM
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 Elfant Wissahickon-Chestnut Hill
Investment Insights
Based on property information with market context.
This top-floor condominium offers three bedrooms, two bathrooms, and a layout that includes a broad living room, formal dining room, full kitchen, foyer, office or bedroom, den, laundry connection, pantry storage, and multiple closets. A two-year rehabilitation added central air conditioning, HVAC equipment, a water heater, and plumbing and electrical improvements. The home also includes a new kitchen range and microwave, a new vanity in the primary suite, refinished oak flooring with mahogany inlay, restored cast-iron tubs, original crystal hardware, and period lighting. A dedicated parking space and additional ground-level storage are included.
The condominium occupies a 1926 building with a marble-finished hall and lobby, an elevator, landscaped gardens, and mature trees. The property is near walking and running trails, shopping and service amenities in Elkins Park, Jenkintown, and Glenside, and Melrose Park Train Station. Rail service reaches Center City in four stops and continues to the airport.
The condominium occupies a 1926 building with a marble-finished hall and lobby, an elevator, landscaped gardens, and mature trees. The property is near walking and running trails, shopping and service amenities in Elkins Park, Jenkintown, and Glenside, and Melrose Park Train Station. Rail service reaches Center City in four stops and continues to the airport.
Key Highlights
- Three‑bedroom, two‑bathroom top‑floor condominium
- Two‑year rehabilitation with central air, HVAC, water heater, plumbing, and electrical upgrades
- Original oak flooring with mahogany inlay and restored Art Deco details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,805
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,100
$476.1K
Cap Rate 7%
$340,071
$340.1K
Cap Rate 9%
$264,500
$264.5K
Market Conditions
NOI Build-Up for 1,762 SF
Gross rent
$46.1K $26.16/SF
− Vacancy
−$2.8K −$1.60/SF
EGI
$43.3K $24.56/SF
− OpEx
−$19.5K −$11.05/SF
NOI
$23.8K $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%
$476,100
Cap Rate 7%
$340,071
Cap Rate 9%
$264,500
Alternative Uses
Best Use
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$886.8K – $1.18M
NOI $70,946 @ 7.0% cap · market cap 23.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
872
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with renovated systems, preserved Art Deco details, dedicated parking, and access to nearby rail service.
Where is this residential income property located?
The property is located at 900 VALLEY ROAD Unit C-403 Elkins Park, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom top‑floor condominium; Two‑year rehabilitation with central air, HVAC, water heater, plumbing, and electrical upgrades; Original oak flooring with mahogany inlay and restored Art Deco details
