Occupied Three-Unit
For Sale
$420,000
503 KING STREET, Pottstown, PA 19464
Occupied residential property with three units and an income-producing parking lot.
Property Size840 SF
Price / SF$500
Days on Market56
Property Features for 503 KING STREET
General Information
Standard status
Active
Size
840 SF
Property subtype
Triplex
Building Details
Year Built
1825
Listing Agency:
Bold Realty
Listed By:
Trent L Stauffer · License #RM422216
(610) 373-8701
Source:
Cummingsrealtors
Added: Sep 4
Changed: Oct 29
Last Checked: Oct 28 at 8:12AM
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 Bold Realty
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Investment Insights
Based on property information with market context.
This 1825-built triplex contains three residential units and is currently occupied. The property also includes a parking lot that contributes an additional income stream alongside the residential tenancy.
Located at 503 King Street in Pottstown, the property is near shops and services along the King Street corridor. Its existing residential configuration and parking component provide two established sources of property income.
Located at 503 King Street in Pottstown, the property is near shops and services along the King Street corridor. Its existing residential configuration and parking component provide two established sources of property income.
Key Highlights
- Three residential units in an occupied triplex
- Parking lot provides an additional income stream
- Built in 1825
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,205
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,100
$244.1K
Cap Rate 7%
$174,357
$174.4K
Cap Rate 9%
$135,611
$135.6K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$18.6K $22.20/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$17.4K $20.76/SF
− OpEx
−$5.2K −$6.23/SF
NOI
$12.2K $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 Rate 5%
$244,100
Cap Rate 7%
$174,357
Cap Rate 9%
$135,611
Alternative Uses
Best Use
Multifamily LT 5
$174.4K
$152.6K – $203.4K
NOI $12,205 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$162.1K
$141.9K – $189.2K
NOI $11,349 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$483.2K
$422.8K – $563.7K
NOI $33,822 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 19464, PA
48,409
Population
19,985
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
25.6 sq mi
ZIP Area
1,891
Density / Sq Mi
$76,338
Median Household Income
$44,888
Median Earnings
$1,226
Median Rent
$231,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Occupied residential property with three units and an income-producing parking lot.
Where is this triplex located?
The property is located at 503 KING STREET Pottstown, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Three residential units in an occupied triplex; Parking lot provides an additional income stream; Built in 1825
