Fully Occupied Triplex with
1449 Powell Street Norristown, PA 19401
1449 Powell Street, Norristown, PA, 19401
$429,900
For Sale
$429,900
Fully occupied triplex with three residential units plus two rented garage bays and a storage unit.
Property Size2,828 SF
Price / SF$152.02
Days on Market23
Property Features for 1449 Powell Street
General Information
- Standard status
- Active
- Size
- 2,828 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agency
HomeZu by Simple Choice
(855) 885-4663
Listed by
Christopher J Carr · License #RM420776
(855) 885-4663
Source
Compass
Added: Jun 30 Updated: Jul 22 at 4:27PM Checked: Jul 22 at 4:27PM
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 HomeZu by Simple Choice
Investment Insights
Based on property information with market context.
This fully occupied triplex includes three residential units: two 1-bedroom units and one 2-bedroom unit. The property also provides additional income from two rented garage bays and one workshop/storage unit within the garage structure.
Additional basement storage bins are available for individual rental. T12, utility breakdown, and lease summaries can be provided to qualified buyers upon request.
The building and ancillary spaces are currently producing rental income with all units leased.
Additional basement storage bins are available for individual rental. T12, utility breakdown, and lease summaries can be provided to qualified buyers upon request.
The building and ancillary spaces are currently producing rental income with all units leased.
Key Highlights
- Fully occupied triplex at 1449 Powell St with 3 residential units: two 1‑bedroom units and one 2‑bedroom unit
- Income also includes 2 rented garage bays and an additional workshop/storage unit within the garage structure
- Garage 1 rent: $295; Garage 2 rent: $275; Workshop/Storage unit rent: $150
Local Financial Insights For Apartment 5plus
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 | $74.0k | $26.16 |
| − Vacancy | −$4.5k | −$1.60 |
| EGI | $69.5k | $24.56 |
| − OpEx | −$31.3k | −$11.05 |
| NOI | $38.2k | $13.51 |
2,828 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$587.0K
$513.6K – $684.9K
NOI $41,091 @ 7.0% cap · market cap 9.56%
Second Best
Apartment 5plus
$545.8K
$477.6K – $636.8K
NOI $38,207 @ 7.0% cap · market cap 8.89%
Theoretical Best
Specialty Retail
$1.63M
$1.42M – $1.90M
NOI $113,869 @ 7.0% cap · market cap 26.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully occupied triplex with three residential units plus two rented garage bays and a storage unit.
Where is this triplex located?
The property is located at 1449 Powell Street Norristown, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Fully occupied triplex at 1449 Powell St with 3 residential units: two 1‑bedroom units and one 2‑bedroom unit; Income also includes 2 rented garage bays and an additional workshop/storage unit within the garage structure; Garage 1 rent: $295; Garage 2 rent: $275; Workshop/Storage unit rent: $150
