Two-Bedroom Residential Income
New
For Sale
$264,900
240 BRANDON ROAD, Norristown, PA 19403
The condo offers a walk-in closet and separate lower-level storage in a 55+ community.
Property Size1,054 SF
Price / SF$251.33
Days on Market5
Property Features for 240 BRANDON ROAD
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Apartment
Building Details
Year Built
1999
Listing Agency:
Keller Williams Realty Group
(610) 792-5900
Listed By:
Terese E Brittingham · License #RM419528
(610) 212-0848
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 8:22AM
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 Keller Williams Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 240 Brandon Road in The Greens at Westover, this 1,054-square-foot condo has two bedrooms and one bathroom. The unit includes an oversized walk-in closet, with additional storage space available on the building’s lower level. The property was built in 1999.
The residence backs onto a golf course. The community is designated for residents 55 and older, and shopping, dining, and major roadways are nearby.
The residence backs onto a golf course. The community is designated for residents 55 and older, and shopping, dining, and major roadways are nearby.
Key Highlights
- Two bedrooms and one bathroom in 1,054 square feet
- Golf course directly behind the property
- Oversized walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,240
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,800
$284.8K
Cap Rate 7%
$203,429
$203.4K
Cap Rate 9%
$158,222
$158.2K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$27.6K $26.16/SF
− Vacancy
−$1.7K −$1.60/SF
EGI
$25.9K $24.56/SF
− OpEx
−$11.7K −$11.05/SF
NOI
$14.2K $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%
$284,800
Cap Rate 7%
$203,429
Cap Rate 9%
$158,222
Alternative Uses
Best Use
Apartment 5plus
$203.4K
$178.0K – $237.3K
NOI $14,240 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$606.3K
$530.5K – $707.3K
NOI $42,439 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 19403, PA
43,734
Population
19,720
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
1,952
Density / Sq Mi
$101,996
Median Household Income
$59,809
Median Earnings
$1,640
Median Rent
$355,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The condo offers a walk-in closet and separate lower-level storage in a 55+ community.
Where is this residential income property located?
The property is located at 240 BRANDON ROAD Norristown, PA.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 1,054 square feet; Golf course directly behind the property; Oversized walk‑in closet
