1002 MARKLEY Street Norristown, PA 19401
MULTI_FAMILY - NORRISTOWN, PA
- Added:
- Jul 7, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 11 at 11:06 am
Property Features for 1002 MARKLEY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Standard status
- Active Under Contract
- Size
- 1,948 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3686
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick
Listing agent Nancy Anne Marchese License #rs344279 (267) 549-8602
Listing office Keller Williams Realty Group 400 Arcola Road unit: A5, Limerick, PA (610) 792-5900
Listing date Jul 7, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Norristown Borough, the property is described as being close to the Elm Street Train Station and public transportation. Off-street parking is available for two units, supporting day-to-day convenience for residents and visitors.
For buyers seeking a small residential income property, the unit mix may appeal to tenants looking for different space needs, including a larger upper layout and a smaller first-floor layout. With off-street parking for two units and convenient access to transit, the property is positioned for practical daily use by future residents.
Key Highlights
- Duplex in Norristown Borough with two separate units
- Upstairs unit offers 3 beds and 1 bath
- First‑floor unit offers 1 bed and 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $22.20 |
| − Vacancy | −$2.8k | −$1.44 |
| EGI | $40.4k | $20.76 |
| − OpEx | −$12.1k | −$6.23 |
| NOI | $28.3k | $14.53 |
