Brick Three-Unit Triplex with
For Sale
Under Contract
$379,900
517 GLASGOW Street, Pottstown, PA 19464
MULTI_FAMILY - Other - POTTSTOWN, PA
Property Size2,756 SF
Lot Size0.19 Acres
Price / SF$137.84
Days on Market126
Property Features for 517 GLASGOW Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Off Street
Elementary school district
POTTSGROVE
Middle school district
POTTSGROVE
High school district
POTTSGROVE
Standard status
Active Under Contract
Size
2,756 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
6195
Utilities
Heating system
Central
Amenities
ceiling fans
spacious yard
side porch
Building Details
Year built
1920
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Main Line-Kimberton · RE/MAX International
(610) 935-3200
Listed By:
James J Boyd · License #AB065560
(610) 842-9907
Added: Apr 10
Changed: Jul 29
Last Checked: Aug 13 at 2:06AM
MLS# PAMC2172598
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick three-unit triplex with central heating and off-street parking, built in 1920. The property totals 2,756 square feet on a 0.1909-acre lot and includes a spacious yard and a side porch.
The three units are set up for convenience and efficiency, with each unit having its own electric panel. Updates mentioned include a gas heater approximately 6 years old, replacement windows, and ceiling fans in select units.
Located in West Pottsgrove Township within the Pottsgrove School District, the home is presented as a maintained investment property with established tenants in place.
The three units are set up for convenience and efficiency, with each unit having its own electric panel. Updates mentioned include a gas heater approximately 6 years old, replacement windows, and ceiling fans in select units.
Located in West Pottsgrove Township within the Pottsgrove School District, the home is presented as a maintained investment property with established tenants in place.
Key Highlights
- 0.1909‑acre lot with a spacious yard and side porch
- 2,756 SF brick three‑unit triplex built in 1920
- Each unit has its own electric panel
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 - Brick triplex offering central heating, off-street parking, and a spacious yard with a side porch.
Where is this triplex located?
The property is located at 517 GLASGOW Street 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: 0.1909‑acre lot with a spacious yard and side porch; 2,756 SF brick three‑unit triplex built in 1920; Each unit has its own electric panel
