Multifamily Condominium Unit with
For Sale
$609,900
2411 Forest Lane, Schwenksville, PA 19473
Three-bedroom condominium unit with community amenities and association-managed utilities in the Spring Mountain Summit community.
Property Size1,350 SF
Price / SF$451.78
Days on Market398
Property Features for 2411 Forest Lane
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multi-Family / Fee Simple
Zoning
GA
Units
Unit Mix
1 x 3Bed, 3 x 2Bed, 1 x 1Bed
Multifamily Units
5
Additional Details
Asking Price
$620,000
Taxes and HOA fees
Annual Taxes
$1,704
Amenities
Common area
Air Conditioning
Heat
Lawn Maintenance
Sewer
Snow Removal
Trash
Water
No
Commercial Range, Dishwasher, Disposal
Butlers Pantry, Kitchen - Eat-In
Yes - Community
Above Grade
Balcony
Building Details
Year Built
1971
Listing Agency:
Long & Foster-Lansdale
(267) 664-2582
Listed By:
Manish Modi · License #RS311608
(267) 664-2582
Source:
Compass
Added: Jul 30, 2025
Changed: Aug 30
Last Checked: Aug 31 at 12:50AM
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 Long & Foster-Lansdale
Investment Insights
Based on property information with market context.
This 1,350-square-foot condominium unit at 2411 Forest Lane, Unit C-7, is a three-bedroom residence within the Spring Mountain Summit community. The 1971-built property includes an eat-in kitchen, butler’s pantry, dishwasher, disposal, commercial range, and balcony. The unit is currently occupied, with tenants who want to remain, and is offered in as-is condition.
The property is being offered only as part of a five-condominium package totaling 4,300 square feet. The package includes a mix of one-, two-, and three-bedroom units located within the Forest Lane address cluster. Association-covered services and utilities include common areas, air conditioning, heat, lawn maintenance, sewer, snow removal, trash, and water. The community is near Perkiomen Trail, Skippack Village, Spring Mountain, and Philadelphia Premium Outlets.
The property is being offered only as part of a five-condominium package totaling 4,300 square feet. The package includes a mix of one-, two-, and three-bedroom units located within the Forest Lane address cluster. Association-covered services and utilities include common areas, air conditioning, heat, lawn maintenance, sewer, snow removal, trash, and water. The community is near Perkiomen Trail, Skippack Village, Spring Mountain, and Philadelphia Premium Outlets.
Key Highlights
- 1,350‑square‑foot, three‑bedroom condominium at 2411 Forest Lane, Unit C‑7
- Part of a five‑condominium package totaling 4,300 sq ft
- Occupied unit with tenants who want to remain
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,239
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$776.5K
$679.5K – $906.0K
NOI $54,357 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 19473, PA
16,028
Population
6,801
Households
2.4
Avg Household Size
42
Median Age
55%
College-Educated
96%
High-School Grad
24.3 sq mi
ZIP Area
660
Density / Sq Mi
$135,386
Median Household Income
$70,174
Median Earnings
$1,400
Median Rent
$454,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-bedroom condominium unit with community amenities and association-managed utilities in the Spring Mountain Summit community.
Where is this multifamily property located?
The property is located at 2411 Forest Lane Schwenksville, PA.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: 1,350‑square‑foot, three‑bedroom condominium at 2411 Forest Lane, Unit C‑7; Part of a five‑condominium package totaling 4,300 sq ft; Occupied unit with tenants who want to remain
