Updated Two-Unit
For Sale
$370,000
2318 E HIGH STREET, Pottstown, PA 19464
Two renovated residences offer separate layouts, private entries, and modern kitchen finishes.
Property Size1,388 SF
Price / SF$266.57
Days on Market49
Property Features for 2318 E HIGH STREET
General Information
Standard status
Active
Size
1,388 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1860
Buildings
1
Stories
3
Listing Agency:
Real of Pennsylvania
Listed By:
Joseph L Tosco · License #AB069579
(610) 409-9200
Source:
Cummingsrealtors
Added: Aug 29
Changed: Oct 15
Last Checked: Oct 15 at 12:04AM
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
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Investment Insights
Based on property information with market context.
This duplex contains two renovated residences within a historic 1860 structure. The first-floor unit provides one-bedroom living with an open living-and-kitchen arrangement, wood-look laminate flooring, recessed lighting, large windows, and a modernized kitchen equipped with stainless steel appliances. A double-door bedroom closet adds storage.
The second residence occupies the second and third floors and includes two bedrooms. Its main level features a living room, updated kitchen, primary bedroom, and bathroom, while the upper level contains a private loft-style bedroom with sloped ceilings and a closet. Both units have separate porch entries, including access from a deep covered front porch for the upper residence and a rear porch entry for the ground-floor home.
The second residence occupies the second and third floors and includes two bedrooms. Its main level features a living room, updated kitchen, primary bedroom, and bathroom, while the upper level contains a private loft-style bedroom with sloped ceilings and a closet. Both units have separate porch entries, including access from a deep covered front porch for the upper residence and a rear porch entry for the ground-floor home.
Key Highlights
- Two‑unit duplex with one 1‑bedroom residence and one 2‑bedroom residence
- Renovated kitchens feature white cabinetry, tile backsplashes, and stainless steel appliances
- Upper unit spans the second and third floors with a private loft‑style bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,168
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,360
$403.4K
Cap Rate 7%
$288,114
$288.1K
Cap Rate 9%
$224,089
$224.1K
Market Conditions
NOI Build-Up for 1,388 SF
Gross rent
$30.8K $22.20/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$28.8K $20.76/SF
− OpEx
−$8.6K −$6.23/SF
NOI
$20.2K $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%
$403,360
Cap Rate 7%
$288,114
Cap Rate 9%
$224,089
Alternative Uses
Best Use
Multifamily LT 5
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$267.9K
$234.4K – $312.5K
NOI $18,752 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$798.4K
$698.6K – $931.5K
NOI $55,887 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences offer separate layouts, private entries, and modern kitchen finishes.
Where is this duplex located?
The property is located at 2318 E HIGH STREET Pottstown, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit duplex with one 1‑bedroom residence and one 2‑bedroom residence; Renovated kitchens feature white cabinetry, tile backsplashes, and stainless steel appliances; Upper unit spans the second and third floors with a private loft‑style bedroom
