Three-Unit Triplex with Private
For Sale
$650,000
Pending
261 East Hector Street, Conshohocken, PA 19428
Three separate residences include private access, individual living areas, kitchens, bedrooms, and full bathrooms.
Property Size2,774 SF
Days on Market204
Property Features for 261 East Hector Street
General Information
Standard status
Pending
Size
2,774 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R3
Units
Unit Mix
3 x one-bedroom
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,080
Amenities
shared laundry
additional storage
No
Oven/Range - Electric, Refrigerator
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Listing Agency:
Real of Pennsylvania
(215) 896-2171
Listed By:
Matthew Marino · License #RS334793
(215) 896-2171
Source:
Compass
Added: Feb 7
Changed: Aug 30
Last Checked: Aug 30 at 1:55AM
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
Investment Insights
Based on property information with market context.
This 2,774-square-foot triplex contains three one-bedroom residences, each arranged with a living area, kitchen, bedroom, and full bathroom. Separate entrances serve the units, while the basement provides shared laundry and additional storage. The property was built in 1900 and is zoned R3.
Located at 261 East Hector Street in Conshohocken, the property is near dining, shopping, public transportation, and major roadways. Each residence includes an electric oven/range and refrigerator. The configuration offers three distinct units within a single multifamily building, with above-grade and below-grade space.
Located at 261 East Hector Street in Conshohocken, the property is near dining, shopping, public transportation, and major roadways. Each residence includes an electric oven/range and refrigerator. The configuration offers three distinct units within a single multifamily building, with above-grade and below-grade space.
Key Highlights
- Three one‑bedroom units within a 2,774‑square‑foot triplex
- Private entrance for each residence
- Shared basement laundry and additional storage
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
$40,306
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
6.20%
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%
$806,120
$806.1K
Cap Rate 7%
$575,800
$575.8K
Cap Rate 9%
$447,844
$447.8K
Market Conditions
NOI Build-Up for 2,774 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
$61.6K $22.20/SF
− Vacancy
−$4.0K −$1.44/SF
EGI
$57.6K $20.76/SF
− OpEx
−$17.3K −$6.23/SF
NOI
$40.3K $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 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%
$806,120
Cap Rate 7%
$575,800
Cap Rate 9%
$447,844
Alternative Uses
Best Use
Multifamily LT 5
$575.8K
$503.8K – $671.8K
NOI $40,306 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$535.4K
$468.5K – $624.6K
NOI $37,478 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,694 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 19428, PA
19,690
Population
10,032
Households
2
Avg Household Size
36
Median Age
66%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
2,697
Density / Sq Mi
$116,566
Median Household Income
$73,713
Median Earnings
$1,900
Median Rent
$445,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include private access, individual living areas, kitchens, bedrooms, and full bathrooms.
Where is this triplex located?
The property is located at 261 East Hector Street Conshohocken, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three one‑bedroom units within a 2,774‑square‑foot triplex; Private entrance for each residence; Shared basement laundry and additional storage
