Residential Income Property with Park
For Sale
$490,000
Pending
11422 VALLEY FORGE CIRCLE Unit 14V, King of Prussia, PA 19406
Updated penthouse condominium with a private balcony, flexible office area, and access to extensive shared amenities.
Property Size1,620 SF
Days on Market51
Property Features for 11422 VALLEY FORGE CIRCLE Unit 14V
General Information
Standard status
Pending
Size
1,620 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,225
Amenities
clubhouse
fitness room
indoor pool
outdoor pool
tennis courts
basketball courts
volleyball courts
picnic area
car wash
secured storage
24/7 security
on-site retail
on-site dining
professional services
cable TV
cable internet
laundry
Building Details
Building Size
1,620 SF
Year Built
1972
Listing Agency:
BHHS Fox & Roach-Blue Bell
Listed By:
Bridget J. Kroll · License #RS316280
(610) 496-2899
Source:
Lizclarkrealestate
Added: Sep 1
Changed: Oct 8
Last Checked: Oct 19 at 2:38PM
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 BHHS Fox & Roach-Blue Bell
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14th-floor penthouse in the 1000 Building features a foyer, office area with built-in cabinetry, living room with refinished hardwood flooring and decorative fireplace, formal dining room, and a private balcony with storage. The kitchen has modern appliances, granite countertops, subway tile backsplash, and an eat-in area. The primary bedroom includes new carpeting, a private bath with Jacuzzi Roman tub, double vanity, walk-in closet, dressing area, and additional storage. A second bedroom, hall bath, laundry area, pantry, and secured storage complete the layout.
Condo fees cover electric, water, sewer, trash, snow removal, premium-channel cable TV, cable internet, water-heater and HVAC maintenance or replacement, and 24/7 lobby security. Community amenities include indoor and outdoor pools, fitness facilities, tennis, basketball and volleyball courts, picnic areas with grills, a car wash, clubhouse facilities, and on-site retail, dining, and professional services. The property provides access to Valley Forge Park views and transportation connections including SEPTA, community bus service, Route 422, the PA Turnpike, I-76, and Route 23.
Condo fees cover electric, water, sewer, trash, snow removal, premium-channel cable TV, cable internet, water-heater and HVAC maintenance or replacement, and 24/7 lobby security. Community amenities include indoor and outdoor pools, fitness facilities, tennis, basketball and volleyball courts, picnic areas with grills, a car wash, clubhouse facilities, and on-site retail, dining, and professional services. The property provides access to Valley Forge Park views and transportation connections including SEPTA, community bus service, Route 422, the PA Turnpike, I-76, and Route 23.
Key Highlights
- 14th‑floor penthouse in the 1000 Building with private balcony and Valley Forge Park views
- Kitchen includes modern appliances, granite countertops, subway tile backsplash, and eat‑in area
- Primary suite features Jacuzzi Roman tub, double vanity, walk‑in closet, dressing area, and two additional closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,887
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,740
$437.7K
Cap Rate 7%
$312,671
$312.7K
Cap Rate 9%
$243,189
$243.2K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$42.4K $26.16/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$39.8K $24.56/SF
− OpEx
−$17.9K −$11.05/SF
NOI
$21.9K $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%
$437,740
Cap Rate 7%
$312,671
Cap Rate 9%
$243,189
Alternative Uses
Best Use
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,887 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$931.8K
$815.4K – $1.09M
NOI $65,229 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 19406, PA
28,553
Population
14,181
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
2,131
Density / Sq Mi
$109,944
Median Household Income
$65,749
Median Earnings
$1,983
Median Rent
$393,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Updated penthouse condominium with a private balcony, flexible office area, and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 11422 VALLEY FORGE CIRCLE Unit 14V King of Prussia, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 14th‑floor penthouse in the 1000 Building with private balcony and Valley Forge Park views; Kitchen includes modern appliances, granite countertops, subway tile backsplash, and eat‑in area; Primary suite features Jacuzzi Roman tub, double vanity, walk‑in closet, dressing area, and two additional closets
