Updated Duplex with Separate
For Sale
$259,900
516 Kohn Street, Norristown, PA 19401
Two residential units feature separate heat and electric service, with one unit currently leased.
Property Size1,440 SF
Price / SF$180.49
Days on Market220
Property Features for 516 Kohn Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,238
Amenities
No
No Pool
Above Grade, Below Grade
Sidewalks, Street Lights
Building Details
Year Built
1895
Listing Agency:
Iron Valley Real Estate Exton
(267) 872-3320
Listed By:
Margarita M. Swartz
(267) 872-3320
Source:
Compass
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 11:29AM
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 Iron Valley Real Estate Exton
Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex, built in 1895, contains two residential units and is zoned R2. The first-floor residence is an oversized one-bedroom unit with basement access. The second unit occupies the upper levels and includes a one-bedroom layout, kitchen, additional living area, fresh paint, and code-compliant updates. Separate heat and electric systems serve the units. The property is being offered in as-is condition.
Located at 516 Kohn Street in Norristown, the property offers sidewalk and street-light infrastructure, with shopping and transportation within walking distance. The second-floor unit is currently leased, and the tenant has expressed interest in remaining. The Montgomery County property is within the Norristown Area School District.
Located at 516 Kohn Street in Norristown, the property offers sidewalk and street-light infrastructure, with shopping and transportation within walking distance. The second-floor unit is currently leased, and the tenant has expressed interest in remaining. The Montgomery County property is within the Norristown Area School District.
Key Highlights
- 1,440‑square‑foot duplex on a 0.03‑acre lot
- Two one‑bedroom residential units with separate heat and electric
- Second‑floor unit is currently leased; tenant would like to remain
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
$20,923
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
8.05%
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%
$418,460
$418.5K
Cap Rate 7%
$298,900
$298.9K
Cap Rate 9%
$232,478
$232.5K
Market Conditions
NOI Build-Up for 1,440 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
$32.0K $22.20/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$29.9K $20.76/SF
− OpEx
−$9.0K −$6.23/SF
NOI
$20.9K $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%
$418,460
Cap Rate 7%
$298,900
Cap Rate 9%
$232,478
Alternative Uses
Best Use
Multifamily LT 5
$298.9K
$261.5K – $348.7K
NOI $20,923 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$277.9K
$243.2K – $324.3K
NOI $19,455 @ 7.0% cap · market cap 7.49%
Theoretical Best
Specialty Retail
$828.3K
$724.8K – $966.4K
NOI $57,981 @ 7.0% cap · market cap 22.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate heat and electric service, with one unit currently leased.
Where is this duplex located?
The property is located at 516 Kohn Street Norristown, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,440‑square‑foot duplex on a 0.03‑acre lot; Two one‑bedroom residential units with separate heat and electric; Second‑floor unit is currently leased; tenant would like to remain
