Leased Garage Duplex Income
112 HAWS AVENUE Norristown, PA 19401
For Sale
$425,000
MULTI_FAMILY - NORRISTOWN, PA
Property Size2,374 SF
Price / SF$179.02
Days on Market94
Property Features for 112 HAWS AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- Size
- 2,374 SF
Building Details
- Year built
- 1930
Listing Agency:
BHHS Fox & Roach Blue Bell
(215) 542-2200
Listed By:
Cindy Marcinkowski · License #RS347703
(215) 480-2665
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 23 at 4:06PM
MLS# PAMC2176196
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 duplex income property includes two residential units and a garage in the backyard currently being leased. The interior has been updated with new paint and flooring throughout. Unit #1 is a 2-bedroom, 1-bath layout with plenty of natural light. Unit #2 offers a 3-bedroom, 1-bath configuration with spacious living spaces.
The property is located in Norristown, Pennsylvania, and is described as conveniently near shopping, dining, transportation, and major routes. Buyer is responsible for the U&O, and the owner will guide the buyer through the current tenant onboarding and transition process to support a smooth change of ownership.
The property is located in Norristown, Pennsylvania, and is described as conveniently near shopping, dining, transportation, and major routes. Buyer is responsible for the U&O, and the owner will guide the buyer through the current tenant onboarding and transition process to support a smooth change of ownership.
Key Highlights
- Duplex built in 1930 with bright, well‑maintained living spaces
- Unit #1: 2 bed, 1 bath, updated with new paint and flooring
- Unit #2: 3 bed, 1 bath with spacious living spaces
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 | $52.7k | $22.20 |
| − Vacancy | −$3.4k | −$1.44 |
| EGI | $49.3k | $20.76 |
| − OpEx | −$14.8k | −$6.23 |
| NOI | $34.5k | $14.53 |
2,374 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.8K
$431.2K – $574.9K
NOI $34,494 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$458.2K
$400.9K – $534.6K
NOI $32,074 @ 7.0% cap · market cap 7.55%
Theoretical Best
Specialty Retail
$1.37M
$1.19M – $1.59M
NOI $95,588 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two residential units plus a leased backyard garage, with updated paint and flooring throughout.
Where is this duplex located?
The property is located at 112 HAWS AVENUE Norristown, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex built in 1930 with bright, well‑maintained living spaces; Unit #1: 2 bed, 1 bath, updated with new paint and flooring; Unit #2: 3 bed, 1 bath with spacious living spaces
