Fully Rented
For Sale
$350,000
1240 East High Street, Pottstown, PA 19464
Two-unit residential property with current occupancy and access to downtown amenities, shopping, dining, entertainment, and major travel corridors.
Property Size2,351 SF
Price / SF$148.87
Days on Market233
Property Features for 1240 East High Street
General Information
Standard status
Active
Size
2,351 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$4,844
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Listing Agency:
Tosco Real Estate Services
(610) 587-5885
Listed By:
Anthony Tosco · License #RM423457
(610) 587-5885
Source:
Compass
Added: Jan 10
Changed: Aug 31
Last Checked: Aug 31 at 5:16AM
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 Tosco Real Estate Services
Investment Insights
Based on property information with market context.
This 2,351-square-foot duplex contains two residential apartments and is currently fully rented. The property was built in 1900 and is zoned RESIDENTIAL. Above-grade and below-grade areas are noted, with no pool included. Interior features are not specified.
Located at 1240 East High Street in Pottstown, the property is near downtown, restaurants, shopping, entertainment, and major travel corridors. The second-floor apartment is occupied; photographs for that unit reflect its condition before the current tenant moved in. The property is within the Pottstown Boro MLS area and served by the Pottstown School District.
Located at 1240 East High Street in Pottstown, the property is near downtown, restaurants, shopping, entertainment, and major travel corridors. The second-floor apartment is occupied; photographs for that unit reflect its condition before the current tenant moved in. The property is within the Pottstown Boro MLS area and served by the Pottstown School District.
Key Highlights
- Two‑unit duplex totaling 2,351 SF
- Currently fully rented
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,016
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$540,320
$540.3K
Cap Rate 7%
$385,943
$385.9K
Cap Rate 9%
$300,178
$300.2K
Market Conditions
NOI Build-Up for 2,351 SF
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.
Gross rent
$45.1K $19.20/SF
− Vacancy
−$6.5K −$2.78/SF
EGI
$38.6K $16.42/SF
− OpEx
−$11.6K −$4.92/SF
NOI
$27.0K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$540,320
Cap Rate 7%
$385,943
Cap Rate 9%
$300,178
Alternative Uses
Best Use
Multifamily LT 5
$385.9K
$337.7K – $450.3K
NOI $27,016 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,493 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with current occupancy and access to downtown amenities, shopping, dining, entertainment, and major travel corridors.
Where is this duplex located?
The property is located at 1240 East High Street Pottstown, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,351 SF; Currently fully rented; Built in 1900
