NORRISTOWN, PA 19401 Norristown, PA 19401
MULTI_FAMILY - NORRISTOWN, PA
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 (215) 480-2665
Listing office BHHS Fox & Roach Blue Bell PA (215) 542-2200
Listing date Apr 20, 2026
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Investment Insights
Based on property information with market context.
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 |