Two-Bedroom Residential
For Sale
$239,000
9200 BLUE GRASS ROAD Unit E86, Philadelphia, PA 19114
Second-floor corner residence with updated mechanicals and access to shared fitness, pool, and recreation amenities.
Property Size1,248 SF
Price / SF$191.51
Days on Market84
Property Features for 9200 BLUE GRASS ROAD Unit E86
General Information
Standard status
Active
Size
1,248 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast Philadelphia
Road Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,388
Amenities
clubhouse
party room
community room
library/reading room
fitness center
game room
outdoor pool
covered picnic area
outdoor basketball court
Building Details
Building Size
1,248 SF
Year Built
1991
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Aug 9
Changed: Oct 30
Last Checked: Oct 27 at 3:17AM
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 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,248-square-foot second-floor corner condominium has two bedrooms, two full bathrooms, granite kitchen countertops, stainless steel appliances, and crown molding. Southeast-facing windows bring natural light into the unit. The HVAC system dates to approximately 2021, and the water heater was replaced in 2025. The property was built in 1991 and includes one assigned parking space.
Community facilities include a clubhouse with a party room, community room, library, fitness center, and game room with pool tables, air hockey, and table tennis. Outdoor amenities include a swimming pool, covered picnic area, and basketball court. The indoor heated pool and hot tub are undergoing reconditioning. Rentals are prohibited, and dogs are not permitted except with an approved service designation.
Community facilities include a clubhouse with a party room, community room, library, fitness center, and game room with pool tables, air hockey, and table tennis. Outdoor amenities include a swimming pool, covered picnic area, and basketball court. The indoor heated pool and hot tub are undergoing reconditioning. Rentals are prohibited, and dogs are not permitted except with an approved service designation.
Key Highlights
- 1,248‑square‑foot, second‑floor corner condominium with southeast‑facing exposure
- Two bedrooms and two full bathrooms
- Granite kitchen countertops, stainless steel appliances, and crown molding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,630
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,600
$392.6K
Cap Rate 7%
$280,429
$280.4K
Cap Rate 9%
$218,111
$218.1K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$37.9K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.7K $28.60/SF
− OpEx
−$16.1K −$12.87/SF
NOI
$19.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,600
Cap Rate 7%
$280,429
Cap Rate 9%
$218,111
Alternative Uses
Best Use
Apartment 5plus
$280.4K
$245.4K – $327.2K
NOI $19,630 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$304.2K
$266.2K – $355.0K
NOI $21,297 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor corner residence with updated mechanicals and access to shared fitness, pool, and recreation amenities.
Where is this residential income property located?
The property is located at 9200 BLUE GRASS ROAD Unit E86 Philadelphia, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,248‑square‑foot, second‑floor corner condominium with southeast‑facing exposure; Two bedrooms and two full bathrooms; Granite kitchen countertops, stainless steel appliances, and crown molding
