Two-Bedroom First-Floor
New
For Sale
$200,000
1018 NORTHRIDGE DRIVE Unit 77-A, Norristown, PA 19403
An open living and dining area is paired with a separate utility room, laundry closet, and large storage closet.
Property Size819 SF
Days on Market4
Property Features for 1018 NORTHRIDGE DRIVE Unit 77-A
General Information
Standard status
Active
Size
819 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,397
Building Details
Building Size
819 SF
Year Built
1989
Listing Agency:
Opus Elite Real Estate
Listed By:
Andrea Oravecz Rafalowski · License #RS344132
(484) 553-1161
Source:
Lizclarkrealestate
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:18AM
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 Opus Elite Real Estate
Investment Insights
Based on property information with market context.
Built in 1989, this first-floor residential unit has two bedrooms and an open living and dining area. Laminate plank flooring runs throughout. The kitchen features wood cabinetry, stainless steel appliances, and a tile backsplash; the full bathroom includes a tiled tub surround, tile flooring, and an updated vanity.
A utility room, laundry closet, and large storage closet provide additional functional space. The property is at 1018 Northridge Drive, Unit 77-A, in West Norriton, Pennsylvania.
A utility room, laundry closet, and large storage closet provide additional functional space. The property is at 1018 Northridge Drive, Unit 77-A, in West Norriton, Pennsylvania.
Key Highlights
- Two‑bedroom unit on the first floor
- Open living and dining area with laminate plank flooring throughout
- Kitchen with wood cabinets, stainless steel appliances, and tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,065
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,300
$221.3K
Cap Rate 7%
$158,071
$158.1K
Cap Rate 9%
$122,944
$122.9K
Market Conditions
NOI Build-Up for 819 SF
Gross rent
$21.4K $26.16/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$20.1K $24.56/SF
− OpEx
−$9.1K −$11.05/SF
NOI
$11.1K $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%
$221,300
Cap Rate 7%
$158,071
Cap Rate 9%
$122,944
Alternative Uses
Best Use
Apartment 5plus
$158.1K
$138.3K – $184.4K
NOI $11,065 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$471.1K
$412.2K – $549.6K
NOI $32,977 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 19403, PA
43,734
Population
19,720
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
1,952
Density / Sq Mi
$101,996
Median Household Income
$59,809
Median Earnings
$1,640
Median Rent
$355,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - An open living and dining area is paired with a separate utility room, laundry closet, and large storage closet.
Where is this residential income property located?
The property is located at 1018 NORTHRIDGE DRIVE Unit 77-A Norristown, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑bedroom unit on the first floor; Open living and dining area with laminate plank flooring throughout; Kitchen with wood cabinets, stainless steel appliances, and tile backsplash
