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Duplex Rental Property

NORRISTOWN, PA 19401 Norristown, PA 19401

Norristown, PA, 19401
$395,000
For Sale
Claim this Listing
$395,000

MULTI_FAMILY - NORRISTOWN, PA

Property Size1,992 SF
Price / SF$198.29
AddedApr 21
Days on Market86
Last RefreshJul 15 at 6:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Townhouse
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Standard status
Active
Size
1,992 SF

Building Details

Year built
1885

Listing agent Cindy Marcinkowski

Listing office BHHS Fox & Roach Blue Bell PA

Listing date Apr 21, 2026

MLS# PAMC2176102

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 fully duplex property is being offered as a residential income asset and is currently tenant-occupied. The home features updated interior finishes, including new flooring and freshly painted spaces, supporting ready-for-continued rental use. The layout is described as flexible, with generous living space for each unit.

The property is located in Norristown, Pennsylvania (Montgomery County) and is positioned near local amenities, shopping, dining, and major commuter routes.

Buyer should note that they will be responsible for U&O, and the owner will guide the buyer through the current tenant onboarding and transition process.

Key Highlights

  • Fully duplex currently used as a rental property and tenant‑occupied under a long‑term lease
  • 4‑bedroom layout (Bedrooms 1–4 listed) with flexible living space
  • New flooring and freshly painted interior

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 $44.2k $22.20
− Vacancy −$2.9k −$1.44
EGI $41.3k $20.76
− OpEx −$12.4k −$6.23
NOI $28.9k $14.53
1,992 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$413.5K
$361.8K – $482.4K (±1% cap)
NOI $28,944 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$384.5K
$336.4K – $448.6K (±1% cap)
NOI $26,913 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M (±1% cap)
NOI $80,207 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - Fully duplex investment property with new flooring and freshly painted interiors, currently tenant-occupied.
Where is this duplex located?
The property is located at Norristown, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully duplex currently used as a rental property and tenant‑occupied under a long‑term lease; 4‑bedroom layout (Bedrooms 1–4 listed) with flexible living space; New flooring and freshly painted interior
Contact an agent
More about this property
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