Two-Unit Duplex
1002 Markley Street Norristown, PA 19401
1002 Markley Street, Norristown, PA, 19401
$335,000
Pending
For Sale
$335,000
Pending
Duplex with two separate units, including off-street parking for two units, near commuter rail and public transportation.
Property Size1,948 SF
Days on Market17
Property Features for 1002 Markley Street
General Information
- Standard status
- Pending
- Size
- 1,948 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Group
(267) 549-8602
Listed by
Nancy Anne Marchese · License #rs344279
(267) 549-8602
Source
Compass
Added: Jul 6 Updated: Jul 21 at 8:25PM Checked: Jul 22 at 8:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This duplex features two separate residential units. The upstairs unit offers three bedrooms and one bathroom, while the first-floor unit includes one bedroom and one bathroom.
The property includes off-street parking for two units and is located close to public transportation, including a commuter rail station and bus stop less than a mile away.
Set up as a two-unit income property, the layout provides distinct living spaces within a single duplex configuration.
The property includes off-street parking for two units and is located close to public transportation, including a commuter rail station and bus stop less than a mile away.
Set up as a two-unit income property, the layout provides distinct living spaces within a single duplex configuration.
Key Highlights
- Duplex in Norristown Borough with two separate units
- Upstairs unit: 3 bedrooms, 1 bathroom
- First‑floor unit: 1 bedroom, 1 bathroom
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 | $43.2k | $22.20 |
| − Vacancy | −$2.8k | −$1.44 |
| EGI | $40.4k | $20.76 |
| − OpEx | −$12.1k | −$6.23 |
| NOI | $28.3k | $14.53 |
1,948 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.3K
$353.8K – $471.7K
NOI $28,304 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$376.0K
$329.0K – $438.6K
NOI $26,318 @ 7.0% cap · market cap 7.86%
Theoretical Best
Specialty Retail
$1.12M
$980.5K – $1.31M
NOI $78,436 @ 7.0% cap · market cap 23.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with two separate units, including off-street parking for two units, near commuter rail and public transportation.
Where is this duplex located?
The property is located at 1002 Markley Street Norristown, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Duplex in Norristown Borough with two separate units; Upstairs unit: 3 bedrooms, 1 bathroom; First‑floor unit: 1 bedroom, 1 bathroom
