Duplex with Separate
New
For Sale
$450,000
519 GROVE Street, Bridgeport, PA 19405
Multi-Family, BRIDGEPORT, PA
Property Size2,201 SF
Lot Size0.05 Acres
Price / SF$204.45
Days on Market2
Property Features for 519 GROVE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Driveway
Elementary school district
UPPER MERION AREA
Middle school district
UPPER MERION AREA
High school district
UPPER MERION AREA
Standard status
Active
Size
2,201 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4622
Utilities
Heating system
Hot Water(Heating), Baseboard, Electric (Heating), Radiant
Cooling system
Window Unit(s)
Amenities
in-unit laundry
covered porch
basement storage
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Sean M. Elstone · License #AB069062
(610) 209-1934
Added: Sep 25
Last Checked: Sep 26 at 4:06PM
MLS# PAMC2194938
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.
This brick duplex contains two separate residences and 2,201 square feet of building area on a 0.0505-acre lot. The front residence has living and dining rooms, a kitchen with a center island, three bedrooms, a full bathroom, and basement storage. The rear residence has a private entrance, an eat-in kitchen, a main-level full bathroom, one upper-level bedroom, and a lower-level bedroom, half bath, laundry area, and storage. Each residence has its own laundry. The property was built in 1920 and has window-unit cooling and hot water, baseboard, electric, and radiant heating.
A two-car driveway provides off-street parking. I-76, Route 202, and the Pennsylvania Turnpike are accessible from the property. King of Prussia Mall, Trader Joe’s, Target, Conshohocken, and Bridgeport Memorial Park are cited as nearby destinations.
A two-car driveway provides off-street parking. I-76, Route 202, and the Pennsylvania Turnpike are accessible from the property. King of Prussia Mall, Trader Joe’s, Target, Conshohocken, and Bridgeport Memorial Park are cited as nearby destinations.
Key Highlights
- Two‑residence duplex with 2,201 square feet of building area
- 0.0505‑acre lot; brick construction; built in 1920
- Front residence has three bedrooms and a full bathroom
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
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have their own laundry, with driveway parking and distinct interior layouts.
Where is this duplex located?
The property is located at 519 GROVE Street 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‑residence duplex with 2,201 square feet of building area; 0.0505‑acre lot; brick construction; built in 1920; Front residence has three bedrooms and a full bathroom
