Three-Story Brick
New
For Sale
$329,900
512 CHAIN STREET, Norristown, PA 19401
The three residences comprise two one-bedroom units and one two-bedroom unit.
Property Size2,235 SF
Price / SF$147.61
Days on Market3
Property Features for 512 CHAIN STREET
General Information
Standard status
Active
Size
2,235 SF
Property subtype
Triplex
Building Details
Year Built
1900
Listing Agency:
BHHS Fox & Roach-West Chester
(610) 431-1100
Listed By:
R. Kit Anstey · License #AB068733
(610) 836-2348
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:33PM
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 BHHS Fox & Roach-West Chester
Investment Insights
Based on property information with market context.
Built in 1900, this 2,235-square-foot, three-story brick property is arranged as three residences: two one-bedroom units and a two-bedroom unit. The first-floor apartment has a dining room, living room, eat-in kitchen, powder room, laundry area, and access to a rear porch and fenced yard. The second-floor rear unit includes an eat-in kitchen, bedroom, and full bath. The remaining apartment spans the second-floor front and third floor, with an eat-in kitchen, living room, full bath, and two bedrooms. Each residence has its own electrical panel.
Property updates include newer windows throughout, select flooring improvements, and newer main and lower rear roofs. The location offers access to US Route 202, I-476, the Pennsylvania Turnpike, and SEPTA service, as well as shopping, restaurants, parks, and schools.
Property updates include newer windows throughout, select flooring improvements, and newer main and lower rear roofs. The location offers access to US Route 202, I-476, the Pennsylvania Turnpike, and SEPTA service, as well as shopping, restaurants, parks, and schools.
Key Highlights
- Three‑story brick building with 2,235 square feet
- Three units: two one‑bedroom residences and one two‑bedroom residence
- First‑floor unit includes a rear porch and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,196
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,920
$603.9K
Cap Rate 7%
$431,371
$431.4K
Cap Rate 9%
$335,511
$335.5K
Market Conditions
NOI Build-Up for 2,235 SF
Gross rent
$58.5K $26.16/SF
− Vacancy
−$3.6K −$1.60/SF
EGI
$54.9K $24.56/SF
− OpEx
−$24.7K −$11.05/SF
NOI
$30.2K $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%
$603,920
Cap Rate 7%
$431,371
Cap Rate 9%
$335,511
Alternative Uses
Best Use
Multifamily LT 5
$463.9K
$405.9K – $541.2K
NOI $32,474 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$431.4K
$377.5K – $503.3K
NOI $30,196 @ 7.0% cap · market cap 9.15%
Theoretical Best
Specialty Retail
$1.29M
$1.12M – $1.50M
NOI $89,992 @ 7.0% cap · market cap 27.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 19401, PA
43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Triplex - The three residences comprise two one-bedroom units and one two-bedroom unit.
Where is this triplex located?
The property is located at 512 CHAIN STREET Norristown, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Three‑story brick building with 2,235 square feet; Three units: two one‑bedroom residences and one two‑bedroom residence; First‑floor unit includes a rear porch and fenced yard
