Updated Three-Unit
For Sale
$379,900
517 Glasgow St, Pottstown, PA 19464
Separate electric panels, replacement windows, and established tenants add practical operating features.
Property Size2,756 SF
Price / SF$137.84
Days on Market128
Property Features for 517 Glasgow St
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,195
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Main Line-Kimberton
(610) 842-9907
Listed By:
James J Boyd · License #AB065560
(610) 842-9907
Source:
Exprealty
Added: Apr 8
Changed: Aug 2
Last Checked: Aug 12 at 10:43AM
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 RE/MAX Main Line-Kimberton
Investment Insights
Based on property information with market context.
This 2,756-square-foot triplex contains three residential units with established tenants already in place. Property improvements include a gas heater approximately 6 years old, replacement windows, and ceiling fans in select units. Each unit has its own electric panel, providing separately designated electrical service for the individual residences. The property also includes a yard and side porch for additional outdoor space.
The building is located in Stowe within West Pottsgrove Township and the Pottsgrove School District. Its three-unit configuration, updated components, and existing tenancy provide a straightforward multifamily property profile. Additional upgrades are documented in the property disclosure.
The building is located in Stowe within West Pottsgrove Township and the Pottsgrove School District. Its three-unit configuration, updated components, and existing tenancy provide a straightforward multifamily property profile. Additional upgrades are documented in the property disclosure.
Key Highlights
- 2,756 SF triplex with three residential units
- Established tenants are already in place
- Gas heater approximately 6 years old
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
$31,670
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
8.34%
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%
$633,400
$633.4K
Cap Rate 7%
$452,429
$452.4K
Cap Rate 9%
$351,889
$351.9K
Market Conditions
NOI Build-Up for 2,756 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
$52.9K $19.20/SF
− Vacancy
−$7.7K −$2.78/SF
EGI
$45.2K $16.42/SF
− OpEx
−$13.6K −$4.92/SF
NOI
$31.7K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /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%
$633,400
Cap Rate 7%
$452,429
Cap Rate 9%
$351,889
Alternative Uses
Best Use
Multifamily LT 5
$452.4K
$395.9K – $527.8K
NOI $31,670 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,884 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$835.6K
$731.1K – $974.9K
NOI $58,491 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate electric panels, replacement windows, and established tenants add practical operating features.
Where is this triplex located?
The property is located at 517 Glasgow St Pottstown, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 2,756 SF triplex with three residential units; Established tenants are already in place; Gas heater approximately 6 years old
