Two-Unit Duplex with Newer
For Sale
$275,000
1404 Arch Street, Norristown, PA 19401
Fully occupied residential income property with separate one- and two-bedroom units near major routes.
Property Size1,557 SF
Price / SF$176.62
Days on Market438
Property Features for 1404 Arch Street
General Information
Standard status
Active
Size
1,557 SF
Property subtype
Residential / Fee Simple
Zoning
R
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,121
Amenities
No
No Pool
Building Details
Year Built
1910
Listing Agency:
Real of Pennsylvania
Listed By:
Matthew Marino · License #RS334793
(215) 896-2171
Source:
Compass
Added: Aug 3, 2025
Changed: Oct 11
Last Checked: Oct 12 at 10:25PM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This 1557-square-foot duplex contains two separate residential units. The lower-level apartment includes 1 bedroom and 1 full bath, while the upper-level unit provides 2 bedrooms and 1 bath. Both apartments are currently occupied, and the property includes newer mechanical systems.
Located near major routes and ongoing new construction projects, the property offers access to shopping, dining, and commuter corridors. Its two-unit configuration provides distinct floor plans within a compact multifamily asset.
Located near major routes and ongoing new construction projects, the property offers access to shopping, dining, and commuter corridors. Its two-unit configuration provides distinct floor plans within a compact multifamily asset.
Key Highlights
- Two‑unit duplex totaling 1557 square feet
- First‑floor unit with 1 bedroom and 1 full bath
- Second‑floor unit with 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,623
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,460
$452.5K
Cap Rate 7%
$323,186
$323.2K
Cap Rate 9%
$251,367
$251.4K
Market Conditions
NOI Build-Up for 1,557 SF
Gross rent
$34.6K $22.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$32.3K $20.76/SF
− OpEx
−$9.7K −$6.23/SF
NOI
$22.6K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,460
Cap Rate 7%
$323,186
Cap Rate 9%
$251,367
Alternative Uses
Best Use
Multifamily LT 5
$323.2K
$282.8K – $377.1K
NOI $22,623 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$300.5K
$263.0K – $350.6K
NOI $21,036 @ 7.0% cap · market cap 7.65%
Theoretical Best
Specialty Retail
$895.6K
$783.7K – $1.04M
NOI $62,692 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,518
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
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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 - Fully occupied residential income property with separate one- and two-bedroom units near major routes.
Where is this duplex located?
The property is located at 1404 Arch Street Norristown, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1557 square feet; First‑floor unit with 1 bedroom and 1 full bath; Second‑floor unit with 2 bedrooms and 1 bath
