First-Floor Residential
New
For Sale
$259,900
517 BRANDON ROAD, Norristown, PA 19403
Two-bedroom home in a 55+ community with a private patio, indoor pool, fitness room, and clubhouse.
Property Size1,209 SF
Days on Market4
Property Features for 517 BRANDON ROAD
General Information
Standard status
Active
Size
1,209 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,121
Amenities
assigned basement storage
building library
patio
social room
heated indoor pool
fitness room
full kitchen
spacious gathering area
Building Details
Building Size
1,209 SF
Year Built
2004
Listing Agency:
Keller Williams Realty Group
Listed By:
Joseph P Groarke · License #RS317605
(215) 313-9392
Source:
Lizclarkrealestate
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:36AM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
Built in 2004, this first-floor condominium has two bedrooms and two full bathrooms, including an owner’s suite with a walk-in closet and walk-in shower. The open living and dining area connects to a patio, while the kitchen has wood flooring and an extended breakfast bar. In-unit laundry, assigned basement storage, and an elevator-serviced building add practical features. Updates include fresh paint, new carpeting, luxury vinyl plank flooring, and a new refrigerator/freezer, all completed in 2026.
The home is part of the Greens at Westover, an active 55+ community in West Norriton. Shared amenities include a clubhouse with a heated indoor pool, fitness room, kitchen, and gathering area, along with a lower-level social room in each building. Community features also include monthly events and maintained grounds. Nearby destinations and routes named in the property information include the Schuylkill River Trail, Norristown Farm Park, King of Prussia, Germantown Pike, Routes 202 and 422, and the Pennsylvania Turnpike.
The home is part of the Greens at Westover, an active 55+ community in West Norriton. Shared amenities include a clubhouse with a heated indoor pool, fitness room, kitchen, and gathering area, along with a lower-level social room in each building. Community features also include monthly events and maintained grounds. Nearby destinations and routes named in the property information include the Schuylkill River Trail, Norristown Farm Park, King of Prussia, Germantown Pike, Routes 202 and 422, and the Pennsylvania Turnpike.
Key Highlights
- Two‑bedroom, two‑bath first‑floor condominium in a 55+ community
- Private patio, open living and dining area, and extended kitchen breakfast bar
- Heated indoor pool, fitness room, kitchen, and gathering space in the community clubhouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,334
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,680
$326.7K
Cap Rate 7%
$233,343
$233.3K
Cap Rate 9%
$181,489
$181.5K
Market Conditions
NOI Build-Up for 1,209 SF
Gross rent
$31.6K $26.16/SF
− Vacancy
−$1.9K −$1.60/SF
EGI
$29.7K $24.56/SF
− OpEx
−$13.4K −$11.05/SF
NOI
$16.3K $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%
$326,680
Cap Rate 7%
$233,343
Cap Rate 9%
$181,489
Alternative Uses
Best Use
Apartment 5plus
$233.3K
$204.2K – $272.2K
NOI $16,334 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$695.4K
$608.5K – $811.3K
NOI $48,680 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
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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 home in a 55+ community with a private patio, indoor pool, fitness room, and clubhouse.
Where is this residential income property located?
The property is located at 517 BRANDON ROAD 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: Two‑bedroom, two‑bath first‑floor condominium in a 55+ community; Private patio, open living and dining area, and extended kitchen breakfast bar; Heated indoor pool, fitness room, kitchen, and gathering space in the community clubhouse
