Residential Income Property, End
For Sale
$320,000
Pending
501 BRANDON ROAD, Norristown, PA 19403
Two-bedroom condo in a 55+ community with golf course views and indoor recreational amenities.
Property Size1,026 SF
Days on Market71
Property Features for 501 BRANDON ROAD
General Information
Standard status
Pending
Size
1,026 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$315
Taxes and HOA fees
Annual Taxes
$4,899
Amenities
indoor pool
fitness center/gym
private clubhouse
social and meeting rooms
additional storage areas
Building Details
Building Size
1,026 SF
Year Built
2004
Listing Agency:
Real of Pennsylvania
Listed By:
Beth Samberg · License #RS294093
(610) 716-0997
Source:
Lizclarkrealestate
Added: Aug 5
Changed: Oct 3
Last Checked: Oct 13 at 3:27AM
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 lower-level, end-unit condominium at 501 Brandon Road offers two bedrooms, two bathrooms, and 1,026 square feet of living area. Built in 2004, the residence opens toward golf course views and benefits from the privacy and natural light associated with its end-unit position.
The home is located within The Greens at Westover, a 55+ community in West Norriton, Montgomery County. Community amenities include an indoor pool, fitness center, private clubhouse, social and meeting rooms, and additional storage areas. The association handles exterior maintenance, lawn care, snow removal, water, sewer, and trash, supporting a lower-maintenance residential setting.
The home is located within The Greens at Westover, a 55+ community in West Norriton, Montgomery County. Community amenities include an indoor pool, fitness center, private clubhouse, social and meeting rooms, and additional storage areas. The association handles exterior maintenance, lawn care, snow removal, water, sewer, and trash, supporting a lower-maintenance residential setting.
Key Highlights
- Two‑bedroom, two‑bath lower‑level end‑unit condo
- 1,026 square feet of living area
- Golf course views from the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,862
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,240
$277.2K
Cap Rate 7%
$198,029
$198.0K
Cap Rate 9%
$154,022
$154.0K
Market Conditions
NOI Build-Up for 1,026 SF
Gross rent
$26.8K $26.16/SF
− Vacancy
−$1.6K −$1.60/SF
EGI
$25.2K $24.56/SF
− OpEx
−$11.3K −$11.05/SF
NOI
$13.9K $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%
$277,240
Cap Rate 7%
$198,029
Cap Rate 9%
$154,022
Alternative Uses
Best Use
Apartment 5plus
$198.0K
$173.3K – $231.0K
NOI $13,862 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$590.2K
$516.4K – $688.5K
NOI $41,312 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
166
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo in a 55+ community with golf course views and indoor recreational amenities.
Where is this residential income property located?
The property is located at 501 BRANDON ROAD Norristown, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath lower‑level end‑unit condo; 1,026 square feet of living area; Golf course views from the backyard
