Two-Bedroom Residential Income
For Sale
$585,000
575 S GODDARD BLVD #502, King of Prussia, PA 19406
KING OF PRUSSIA, PA
Property Size1,344 SF
Price / SF$435.27
Days on Market205
Property Features for 575 S GODDARD BLVD #502
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2
Subdivision
575 SOUTH CONDOS
Elementary school district
UPPER MERION AREA
Middle school district
UPPER MERION AREA
High school district
UPPER MERION AREA
Standard status
Active
Amenities
rooftop terrace
fitness center
golf simulator
theater room
secure entry system
luxe mailroom with refrigerated storage
in-unit laundry
private balcony
Building Details
Year built
2020
Listing Agency:
Collegeville
(610) 489-2100
Listed By:
Linda G Allebach · License #RS307433
(888) 536-0216
Added: Mar 18
Changed: Sep 12
Last Checked: Oct 8 at 6:06AM
MLS# PAMC2170792
Copyright © 2026 Long & Foster Real Estate. 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.
Residence 502 is a 1,344-square-foot, two-bedroom home completed in 2020. Its open main living area connects the kitchen, dining, and living spaces, while a private balcony adds outdoor space. The primary bedroom includes a walk-in closet and full bath, with a second bedroom and hall bath providing additional flexibility. In-unit laundry and two assigned parking spaces—one garage space and one lot space—support everyday convenience.
Building amenities include a rooftop terrace with views of Valley Forge National Park, a fitness center equipped with Peloton and Life Fitness equipment, a golf simulator, and a theater room. Residents also have access to secure entry and a mailroom with refrigerated delivery storage. The property is near King of Prussia Town Center, King of Prussia Mall, Topgolf, Lifetime Fitness, and IMAX, with access to routes 202, 422, 76, and the PA Turnpike.
Building amenities include a rooftop terrace with views of Valley Forge National Park, a fitness center equipped with Peloton and Life Fitness equipment, a golf simulator, and a theater room. Residents also have access to secure entry and a mailroom with refrigerated delivery storage. The property is near King of Prussia Town Center, King of Prussia Mall, Topgolf, Lifetime Fitness, and IMAX, with access to routes 202, 422, 76, and the PA Turnpike.
Key Highlights
- 1,344‑square‑foot two‑bedroom residence
- Built in 2020
- Private balcony with open sky views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,158
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,160
$363.2K
Cap Rate 7%
$259,400
$259.4K
Cap Rate 9%
$201,756
$201.8K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$35.2K $26.16/SF
− Vacancy
−$2.1K −$1.60/SF
EGI
$33.0K $24.56/SF
− OpEx
−$14.9K −$11.05/SF
NOI
$18.2K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,160
Cap Rate 7%
$259,400
Cap Rate 9%
$201,756
Alternative Uses
Best Use
Apartment 5plus
$259.4K
$227.0K – $302.6K
NOI $18,158 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$773.1K
$676.5K – $901.9K
NOI $54,116 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,305
Businesses Nearby
Explore this area
Business Placement
Demographics for 19406, PA
28,553
Population
14,181
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
2,131
Density / Sq Mi
$109,944
Median Household Income
$65,749
Median Earnings
$1,983
Median Rent
$393,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Private balcony residence with in-unit laundry, assigned parking, and access to extensive rooftop and wellness amenities.
Where is this residential income property located?
The property is located at 575 S GODDARD BLVD #502 King of Prussia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,344‑square‑foot two‑bedroom residence; Built in 2020; Private balcony with open sky views
