Residential Income Property with
For Sale
$229,900
9200 BLUE GRASS ROAD #H180, Philadelphia, PA 19114
A corner condominium offers flexible loft space, two full bathrooms, and access to indoor and outdoor community pools.
Property Size1,248 SF
Price / SF$184.21
Days on Market15
Property Features for 9200 BLUE GRASS ROAD #H180
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Apartment
Site & Location
Neighborhood
Northeast Philadelphia
Highway Access
Yes
Additional Details
Multifamily Units
1
Amenities
indoor and outdoor community swimming pools
hot tub
game room
Building Details
Year Built
1997
Listing Agency:
Home Solutions Realty Group
(215) 969-8989
Listed By:
Bryan J Steinberg
(215) 359-8935
Source:
Ginaspaziano
Added: Oct 17
Changed: Oct 28
Last Checked: Oct 28 at 3:00PM
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 Home Solutions Realty Group
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 corner condominium includes 2 bedrooms, 2 full bathrooms, and a loft. Built in 1997, the unit offers additional interior space beyond its bedroom and living areas.
Community amenities include indoor and outdoor swimming pools, a hot tub, a game room, and outdoor recreational activities. The property is in Northeast Philadelphia, approximately five minutes from I-95 and Roosevelt Boulevard, with access to Center City Philadelphia, Bucks County, and New Jersey.
Community amenities include indoor and outdoor swimming pools, a hot tub, a game room, and outdoor recreational activities. The property is in Northeast Philadelphia, approximately five minutes from I-95 and Roosevelt Boulevard, with access to Center City Philadelphia, Bucks County, and New Jersey.
Key Highlights
- 1,248‑square‑foot corner condominium with 2 bedrooms and 2 full bathrooms
- Loft adds flexible interior space
- Community features indoor and outdoor swimming pools, a hot tub, and a game room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,630
Cap Rate
8.54%
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 8.54%
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 9.26%
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
Highway 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 - A corner condominium offers flexible loft space, two full bathrooms, and access to indoor and outdoor community pools.
Where is this residential income property located?
The property is located at 9200 BLUE GRASS ROAD #H180 Philadelphia, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,248‑square‑foot corner condominium with 2 bedrooms and 2 full bathrooms; Loft adds flexible interior space; Community features indoor and outdoor swimming pools, a hot tub, and a game room
