Residential Income Property with
For Sale
$265,000
Pending
246 BRANDON ROAD, Norristown, PA 19403
The third-level home is in a 55-plus community with an elevator, indoor pool, clubhouse, and fitness center.
Property Size1,054 SF
Days on Market109
Property Features for 246 BRANDON ROAD
General Information
Standard status
Pending
Size
1,054 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$315
Taxes and HOA fees
Annual Taxes
$4,785
Amenities
indoor pool
clubhouse
fitness center
social/meeting room
secure storage area
Building Details
Building Size
1,054 SF
Year Built
1999
Listing Agency:
Hawkins Real Estate Services
Listed By:
Joseph E Hawkins · License #SBR006339
(941) 882-0755
Source:
Desantis-realestate
Added: Jul 12
Changed: Oct 27
Last Checked: Oct 27 at 3:36AM
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 Hawkins Real Estate Services
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Investment Insights
Based on property information with market context.
This 1,054-square-foot condominium was built in 1999 and has two bedrooms and one bathroom. The third-level layout includes connected living and dining areas, a kitchen, and a covered balcony. Sliding doors bring natural light into the living space, and the balcony faces Westover Golf Club and a wooded area. The building has an elevator, and the community includes an indoor pool, clubhouse, fitness center, social and meeting room, and secure storage. The residence is part of a 55-plus community.
The property is in West Norriton, with access to the Pennsylvania Turnpike, Schuylkill Expressway, PA Routes 363 and 422, and King of Prussia Shopping Center. Grocery stores, shops, restaurants, and entertainment options are also identified nearby.
The property is in West Norriton, with access to the Pennsylvania Turnpike, Schuylkill Expressway, PA Routes 363 and 422, and King of Prussia Shopping Center. Grocery stores, shops, restaurants, and entertainment options are also identified nearby.
Key Highlights
- Two bedrooms and one bathroom in 1,054 square feet
- Built in 1999; located on the building’s third level
- Covered balcony overlooks Westover Golf Club and a wooded area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,240
Cap Rate
5.37%
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 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$606.3K
$530.5K – $707.3K
NOI $42,439 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The third-level home is in a 55-plus community with an elevator, indoor pool, clubhouse, and fitness center.
Where is this residential income property located?
The property is located at 246 BRANDON ROAD Norristown, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 1,054 square feet; Built in 1999; located on the building’s third level; Covered balcony overlooks Westover Golf Club and a wooded area
