Stone-Facade
New
For Sale
$695,000
1313 DEKALB Street, Norristown, PA 19401
Multi-Family, NORRISTOWN, PA
Property Size4,692 SF
Lot Size0.12 Acres
Price / SF$148.12
Days on Market2
Property Features for 1313 DEKALB Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street, Parking Lot
Elementary school district
NORRISTOWN AREA
Middle school district
NORRISTOWN AREA
High school district
NORRISTOWN AREA
Standard status
Active
Size
4,692 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4574
Utilities
Heating system
Hot Water(Heating), Baseboard, Electric (Heating)
Cooling system
Central Air
Amenities
patio
yard
parking lot
Building Details
Year built
1900
Number of units
2
Building materials
Stone
Listing Agency:
Realty Mark Associates - KOP
(215) 376-4444
Listed By:
George Korkus Jr · License #AB042252A
(610) 213-9200
Added: Sep 16
Last Checked: Sep 17 at 12:06AM
MLS# PAMC2194600
Copyright © 2026 Bright MLS. 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 in Norristown, Pennsylvania, is a 4,692-square-foot property built in 1900 with a durable stone exterior. The residence includes substantial living areas, central air conditioning, and a heating system combining hot water, baseboard, and electric components. Its 0.1194-acre lot provides outdoor space for landscaping, gardening, or informal gatherings.
Parking is available in a dedicated lot and along the street. The property is located in the 19401 ZIP code within Montgomery County, providing access to the shops, restaurants, and parks described in the surrounding area. The combination of historic construction, outdoor space, and duplex configuration supports a range of residential ownership and occupancy arrangements.
Parking is available in a dedicated lot and along the street. The property is located in the 19401 ZIP code within Montgomery County, providing access to the shops, restaurants, and parks described in the surrounding area. The combination of historic construction, outdoor space, and duplex configuration supports a range of residential ownership and occupancy arrangements.
Key Highlights
- 4,692‑square‑foot duplex built in 1900
- 0.1194‑acre lot with outdoor space
- Stone construction materials
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
$63,390
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
9.12%
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%
$1,267,800
$1.3M
Cap Rate 7%
$905,571
$905.6K
Cap Rate 9%
$704,333
$704.3K
Market Conditions
NOI Build-Up for 4,692 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
$122.7K $26.16/SF
− Vacancy
−$7.5K −$1.60/SF
EGI
$115.3K $24.56/SF
− OpEx
−$51.9K −$11.05/SF
NOI
$63.4K $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 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%
$1,267,800
Cap Rate 7%
$905,571
Cap Rate 9%
$704,333
Alternative Uses
Best Use
Multifamily LT 5
$973.9K
$852.2K – $1.14M
NOI $68,174 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$905.6K
$792.4K – $1.06M
NOI $63,390 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $188,922 @ 7.0% cap · market cap 27.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
Explore this area
Business Placement
Demographics for 19401, PA
43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with generous outdoor space, central air, and parking available both on site and along the street.
Where is this duplex located?
The property is located at 1313 DEKALB Street Norristown, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4,692‑square‑foot duplex built in 1900; 0.1194‑acre lot with outdoor space; Stone construction materials
