14-Unit Apartment Portfolio with
For Sale
$2,393,400
107 WALNUT STREET, Pottstown, PA 19464
The 14 residences are offered together, with coin-operated laundry facilities in the basement.
Property Size12,000 SF
Price / SF$199.45
Days on Market10
Property Features for 107 WALNUT STREET
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Financials
Asking Price
$2,393,400
Cap Rate
10%
Gross Income
$239,340
Units
Unit Mix
7 x 3 Bed / 1.5 Bath, 7 x 1 Bed / 1 Bath
Multifamily Units
14
Additional Details
Tenant in Place
Yes
Amenities
coin-operated basement laundry
Building Details
Year Built
1870
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Gregory Martire · License #RS225353L
(484) 997-8068
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 31
Last Checked: Oct 30 at 4:42PM
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 Springer Realty Group
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Investment Insights
Based on property information with market context.
This apartment portfolio comprises 14 residences across multiple addresses in Pottstown. The unit mix includes seven one-bedroom, one-bath apartments and seven three-bedroom, one-and-a-half-bath apartments. A coin-operated laundry area is located in the basement. The buildings date to 1870 and contain a combined 12,000 square feet.
The properties are offered as a package and are not available for individual sale. The portfolio is reported at a 10% cap rate.
The properties are offered as a package and are not available for individual sale. The portfolio is reported at a 10% cap rate.
Key Highlights
- 14 apartments offered only as a combined package
- Unit mix: seven 1‑bedroom/1‑bath and seven 3‑bedroom/1.5‑bath residences
- 12,000 square feet across multiple addresses in Pottstown, PA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,124
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,242,480
$3.2M
Cap Rate 7%
$2,316,057
$2.3M
Cap Rate 9%
$1,801,378
$1.8M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$313.9K $26.16/SF
− Vacancy
−$19.1K −$1.60/SF
EGI
$294.8K $24.56/SF
− OpEx
−$132.6K −$11.05/SF
NOI
$162.1K $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%
$3,242,480
Cap Rate 7%
$2,316,057
Cap Rate 9%
$1,801,378
Alternative Uses
Best Use
Apartment 5plus
$2.32M
$2.03M – $2.70M
NOI $162,124 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.90M
$6.04M – $8.05M
NOI $483,177 @ 7.0% cap · market cap 20.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
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Business Placement
Demographics for 19464, PA
48,409
Population
19,985
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
25.6 sq mi
ZIP Area
1,891
Density / Sq Mi
$76,338
Median Household Income
$44,888
Median Earnings
$1,226
Median Rent
$231,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The 14 residences are offered together, with coin-operated laundry facilities in the basement.
Where is this apartment building located?
The property is located at 107 WALNUT STREET Pottstown, PA.
What is the asking price?
The asking price for this property is $2,393,400.
What are key features of this property?
This property features: 14 apartments offered only as a combined package; Unit mix: seven 1‑bedroom/1‑bath and seven 3‑bedroom/1.5‑bath residences; 12,000 square feet across multiple addresses in Pottstown, PA
