Income-Generating Triplex with
1449 POWELL Street Norristown, PA 19401
1449 POWELL Street, Norristown, PA, 19401
$429,900
For Sale
$429,900
MULTI_FAMILY - NORRISTOWN, PA
Property Size2,828 SF
Lot Size0.12 Acres
Price / SF$152.02
Days on Market22
Property Features for 1449 POWELL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Rooms
- Basement
- Parking
- 4
- Parking features
- On Street, Garage - Detached, Driveway
- Standard status
- Active
- Size
- 2,828 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7429
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
Building Details
- Year built
- 1890
- Number of units
- 2
- Building materials
- Brick
Listing agency
HomeZu by Simple Choice
(855) 885-4663
Listed by
Christopher J Carr · License #RM420776
(855) 885-4663
Added: Jul 1 Updated: Jul 21 at 3:48PM Checked: Jul 22 at 11:06PM
MLS# PAMC2186170
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.
This income-producing triplex at 1449 Powell Street is fully occupied and features three residential units: two 1-bedroom units and one 2-bedroom unit. The property also includes two rented garage bays and one additional storage unit located within the garage structure. The basement contains multiple storage bins that the landlord can rent individually, creating additional optional revenue within the existing space.
The seller is offering a buyer package that includes a T12, a utility breakdown, and lease summaries, which can be emailed on request.
The building is configured to support both residential rental income and ancillary income from garage and storage use, with all existing rental space currently generating revenue.
The seller is offering a buyer package that includes a T12, a utility breakdown, and lease summaries, which can be emailed on request.
The building is configured to support both residential rental income and ancillary income from garage and storage use, with all existing rental space currently generating revenue.
Key Highlights
- 1890 brick triplex with 3 residential units: two 1‑bedroom units and one 2‑bedroom unit
- Property is fully occupied with all units leased (stable tenancy and current income)
- Additional income includes 2 rented detached garage bays
Local Financial Insights For Apartment 5plus
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 | $74.0k | $26.16 |
| − Vacancy | −$4.5k | −$1.60 |
| EGI | $69.5k | $24.56 |
| − OpEx | −$31.3k | −$11.05 |
| NOI | $38.2k | $13.51 |
2,828 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$587.0K
$513.6K – $684.9K
NOI $41,091 @ 7.0% cap · market cap 9.56%
Second Best
Apartment 5plus
$545.8K
$477.6K – $636.8K
NOI $38,207 @ 7.0% cap · market cap 8.89%
Theoretical Best
Specialty Retail
$1.63M
$1.42M – $1.90M
NOI $113,869 @ 7.0% cap · market cap 26.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully occupied triplex includes two 1-bedroom units, one 2-bedroom unit, plus two garage bays and a storage unit.
Where is this triplex located?
The property is located at 1449 POWELL Street Norristown, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 1890 brick triplex with 3 residential units: two 1‑bedroom units and one 2‑bedroom unit; Property is fully occupied with all units leased (stable tenancy and current income); Additional income includes 2 rented detached garage bays
