Residential Income Property with
20823 VALLEY FORGE CIRCLE Unit 823, King of Prussia, PA 19406
For Sale
New
$452,000
Renovated two-bedroom, two-bath residence features an open kitchen, in-unit laundry and balcony access from every room.
Property Size1,350 SF
Days on Market6
Property Features for 20823 VALLEY FORGE CIRCLE Unit 823
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24/7 security
fitness center
heated indoor pool
heated outdoor pool
tennis courts
pickleball courts
volleyball courts
basketball courts
car wash area
picnic areas with grills
rentable ballroom
private balcony
in-unit laundry
Building Details
Building Size
Year Built
Listing Agency:
BHHS Fox & Roach-Haverford
Listed By:
Jonathon Gutkind · License PA RS321456
(484) 474-0499
Source:
Lizclarkrealestate
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 8 at 3:50PM
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-Haverford
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Investment Insights
Based on property information with market context.
This renovated two-bedroom, two-bath residence has an open living and dining area, a redesigned galley kitchen with quartz counters and stainless-steel appliances, and luxury vinyl tile flooring. The primary suite includes a walk-in closet and an updated bathroom with a 72-inch double vanity, soaking tub and separate shower. A second bathroom, laundry and utility room, and additional closet storage complete the interior. The unit also has a 35-foot private balcony, with access from every room and extra storage nearby. Its primary bathroom configuration is shared by only three units in the complex.
Valley Forge Towers West provides 24/7 security and on-site management and maintenance. Community amenities include a gym, indoor and outdoor pools, tennis and other sport courts, picnic areas, a car wash area and a rentable ballroom. Ground-floor retail includes restaurants and personal services. SEPTA and the Upper Merion Rambler stop outside the property, and the location is minutes from major highways, healthcare facilities, shopping and entertainment destinations.
Valley Forge Towers West provides 24/7 security and on-site management and maintenance. Community amenities include a gym, indoor and outdoor pools, tennis and other sport courts, picnic areas, a car wash area and a rentable ballroom. Ground-floor retail includes restaurants and personal services. SEPTA and the Upper Merion Rambler stop outside the property, and the location is minutes from major highways, healthcare facilities, shopping and entertainment destinations.
Key Highlights
- Renovated two‑bedroom, two‑bath residence with open living and dining area
- 35‑foot private balcony with access from every room
- Primary bathroom includes a 72‑inch double vanity, soaking tub and separate shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,239
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,780
$364.8K
Cap Rate 7%
$260,557
$260.6K
Cap Rate 9%
$202,656
$202.7K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$35.3K $26.16/SF
− Vacancy
−$2.2K −$1.60/SF
EGI
$33.2K $24.56/SF
− OpEx
−$14.9K −$11.05/SF
NOI
$18.2K $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%
$364,780
Cap Rate 7%
$260,557
Cap Rate 9%
$202,656
Alternative Uses
Best Use
Apartment 5plus
$260.6K
$228.0K – $304.0K
NOI $18,239 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$776.5K
$679.5K – $906.0K
NOI $54,357 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
617
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
$393,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, PA
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-bedroom, two-bath residence features an open kitchen, in-unit laundry and balcony access from every room.
Where is this residential income property located?
The property is located at 20823 VALLEY FORGE CIRCLE Unit 823 King of Prussia, PA.
What is the asking price?
The asking price for this property is $452,000.
What are key features of this property?
This property features: Renovated two‑bedroom, two‑bath residence with open living and dining area; 35‑foot private balcony with access from every room; Primary bathroom includes a 72‑inch double vanity, soaking tub and separate shower
