Updated Two-Unit
New
For Sale
$450,000
519 Grove St, Bridgeport, PA 19405
Updated, fully occupied duplex with private entrances, individual laundry, and driveway parking.
Property Size2,201 SF
Price / SF$204.45
Days on Market6
Property Features for 519 Grove St
General Information
Standard status
Active
Size
2,201 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
in-unit laundry
covered porch
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Main Line
Listed By:
Sean M. Elstone · License #AB069062
(610) 209-1934
Source:
Baltimoreharfordhomesforsale
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 21 at 7:16AM
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 Main Line
Investment Insights
Based on property information with market context.
Located at 519 Grove St in Bridgeport, this updated duplex contains 2,201 square feet across two residential units and was built in 1920. Each unit has a separate entrance and its own laundry setup. The front residence offers distinct living and dining rooms, hardwood flooring, a contemporary kitchen with a center island, three bedrooms, a full bath, a covered porch, and basement storage. The rear residence includes a living room, eat-in kitchen, full bath, one upper-level bedroom, a second lower-level bedroom, a half bath, laundry, and storage. A 2-car driveway serves the property, which is fully occupied.
The property is within an easy drive of King of Prussia Mall, Trader Joe’s, Target, Conshohocken, and Bridgeport Memorial Park. Regional access is provided by I-76, Route 202, and the PA Turnpike.
The property is within an easy drive of King of Prussia Mall, Trader Joe’s, Target, Conshohocken, and Bridgeport Memorial Park. Regional access is provided by I-76, Route 202, and the PA Turnpike.
Key Highlights
- Two‑unit duplex with 2,201 square feet
- Fully occupied property at 519 Grove St, Bridgeport, PA 19405
- Each unit has a separate entrance and individual laundry
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
$31,980
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
7.11%
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%
$639,600
$639.6K
Cap Rate 7%
$456,857
$456.9K
Cap Rate 9%
$355,333
$355.3K
Market Conditions
NOI Build-Up for 2,201 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
$48.9K $22.20/SF
− Vacancy
−$3.2K −$1.44/SF
EGI
$45.7K $20.76/SF
− OpEx
−$13.7K −$6.23/SF
NOI
$32.0K $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%
$639,600
Cap Rate 7%
$456,857
Cap Rate 9%
$355,333
Alternative Uses
Best Use
Multifamily LT 5
$456.9K
$399.8K – $533.0K
NOI $31,980 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$424.8K
$371.7K – $495.6K
NOI $29,736 @ 7.0% cap · market cap 6.61%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,623 @ 7.0% cap · market cap 19.69%
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
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 19405, PA
5,558
Population
2,318
Households
2.4
Avg Household Size
36
Median Age
42%
College-Educated
94%
High-School Grad
1.0 sq mi
ZIP Area
5,558
Density / Sq Mi
$78,777
Median Household Income
$52,604
Median Earnings
$1,483
Median Rent
$314,700
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?
Duplex - Updated, fully occupied duplex with private entrances, individual laundry, and driveway parking.
Where is this duplex located?
The property is located at 519 Grove St Bridgeport, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,201 square feet; Fully occupied property at 519 Grove St, Bridgeport, PA 19405; Each unit has a separate entrance and individual laundry
