Residential Condo with Updated
For Sale
$249,000
9921 BUSTLETON AVENUE Unit S9, Philadelphia, PA 19115
The third-floor corner residence has tree-facing windows and access to a community pool and ground-floor laundry.
Property Size855 SF
Days on Market37
Property Features for 9921 BUSTLETON AVENUE Unit S9
General Information
Standard status
Active
Size
855 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast Philadelphia
Taxes and HOA fees
Annual Taxes
$2,411
Building Details
Building Size
855 SF
Year Built
1979
Listing Agency:
Archstone Realty
Listed By:
Veronica Shub · License #RS309514
(215) 917-9250
Source:
Lizclarkrealestate
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 1 at 2:11PM
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 Archstone Realty
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Investment Insights
Based on property information with market context.
Located on the third floor, this corner condominium features laminate flooring, fresh paint, and bedroom and living-room spotlights. The kitchen has stainless steel appliances, granite countertops, ample cabinetry, and a glass-tile backsplash. A walk-in closet and separate vanity area serve the primary bedroom, while the tiled bathroom places the tub, shower, and toilet apart from the sink. Coat and linen closets add storage, with an assigned storage bin elsewhere in the building.
The windows face mature trees in the courtyard. Residents have access to a seasonal association pool and a ground-floor coin-operated laundry room. The association also handles lawn care and snow removal. The property is in Philadelphia, with public transportation and major commuter routes nearby.
The windows face mature trees in the courtyard. Residents have access to a seasonal association pool and a ground-floor coin-operated laundry room. The association also handles lawn care and snow removal. The property is in Philadelphia, with public transportation and major commuter routes nearby.
Key Highlights
- Updated kitchen with stainless steel appliances, granite counters, and glass‑tile backsplash
- Third‑floor corner unit with windows overlooking mature courtyard trees
- Primary bedroom includes a walk‑in closet and separate vanity area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,449
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,980
$269.0K
Cap Rate 7%
$192,129
$192.1K
Cap Rate 9%
$149,433
$149.4K
Market Conditions
NOI Build-Up for 855 SF
Gross rent
$26.0K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.5K $28.60/SF
− OpEx
−$11.0K −$12.87/SF
NOI
$13.4K $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%
$268,980
Cap Rate 7%
$192,129
Cap Rate 9%
$149,433
Alternative Uses
Best Use
Apartment 5plus
$192.1K
$168.1K – $224.2K
NOI $13,449 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$208.4K
$182.4K – $243.2K
NOI $14,590 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
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Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The third-floor corner residence has tree-facing windows and access to a community pool and ground-floor laundry.
Where is this residential income property located?
The property is located at 9921 BUSTLETON AVENUE Unit S9 Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Updated kitchen with stainless steel appliances, granite counters, and glass‑tile backsplash; Third‑floor corner unit with windows overlooking mature courtyard trees; Primary bedroom includes a walk‑in closet and separate vanity area
