Three-Unit Income
1020 W MAIN STREET Norristown, PA 19401
For Sale
$549,000
MULTI_FAMILY - NORRISTOWN, PA
Property Size2,974 SF
Price / SF$184.60
Days on Market95
Property Features for 1020 W MAIN STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- Size
- 2,974 SF
Building Details
- Year built
- 1889
Listing Agency:
BHHS Fox & Roach Blue Bell
(215) 542-2200
Listed By:
Cindy Marcinkowski · License #RS347703
(215) 480-2665
Added: Apr 20
Changed: Jul 23
Last Checked: Jul 23 at 2:06PM
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.
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
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
NOI $43,212 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$574.0K
$502.3K – $669.7K
NOI $40,180 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $2.00M
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
Tapì USA
Industrial Manufacturer
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 1020 W MAIN STREET 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
