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Three-Unit Income Property

NORRISTOWN, PA 19401 Norristown, PA 19401

Norristown, PA, 19401
$549,000
For Sale
Claim this Listing
$549,000

MULTI_FAMILY - NORRISTOWN, PA

Property Size2,974 SF
Price / SF$184.60
AddedApr 20
Days on Market87
Last RefreshJul 15 at 6:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Standard status
Active
Size
2,974 SF

Building Details

Year built
1889

Listing agent Cindy Marcinkowski

Listing office BHHS Fox & Roach Blue Bell PA

Listing date Apr 20, 2026

MLS# PAMC2176132

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 for-sale three-unit residential income property consists of three separate units, offering multiple income streams within a single asset. The listing notes that the property is maintained as an income-producing setup with units intended to support consistent occupancy.

The property is located in Norristown, PA 19401 in Montgomery County, conveniently positioned near shopping, dining, and major commuter routes. Buyer is responsible for U&O, and the owner will guide the buyer through the current tenant onboarding and transition process for a seamless transfer of ownership.

Key Highlights

  • Built in 1889, 3‑unit income‑producing multifamily property with three separate units
  • Investor‑friendly structure with multiple income streams from three rental units
  • Buyer is responsible for U&O; owner will guide buyer through tenant onboarding and transition

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 $66.0k $22.20
− Vacancy −$4.3k −$1.44
EGI $61.7k $20.76
− OpEx −$18.5k −$6.23
NOI $43.2k $14.53
2,974 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$617.3K
$540.2K – $720.2K (±1% cap)
NOI $43,212 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$574.0K
$502.3K – $669.7K (±1% cap)
NOI $40,180 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $2.00M (±1% cap)
NOI $119,747 @ 7.0% cap · market cap 21.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

FAQs

What type of property is this?
Triplex - For-sale three-unit residential income property in Norristown, with buyer responsible for U&O.
Where is this triplex located?
The property is located at Norristown, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Built in 1889, 3‑unit income‑producing multifamily property with three separate units; Investor‑friendly structure with multiple income streams from three rental units; Buyer is responsible for U&O; owner will guide buyer through tenant onboarding and transition
Contact an agent
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