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Duplex with Separate Laundry

519 GROVE Street, Bridgeport, PA 19405

For Sale
$425,000

Multi-Family, BRIDGEPORT, PA

Property Size2,201 SF
Lot Size0.05 Acres
Price / SF$193.09
Days on Market49

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

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Annual Amount 4622

Utilities

Heating system Radiant, Hot Water(Heating), Baseboard, Electric (Heating)
Cooling system Window Unit(s)

Amenities

in-unit laundry
covered porch

Building Details

Year built 1920
Number of units 2
Building materials Brick
Architectural style Other
Listing Agency: Keller Williams Main Line · Keller Williams Realty
Listed By: Sean M. Elstone · License PA AB069062
Added: Sep 25 Changed: Oct 23 Last Checked: Nov 12 at 7:06PM
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.

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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.

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 / Yr
$31,980
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $31,980 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$424.8K
$371.7K – $495.6K (±1% cap)
NOI $29,736 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M (±1% cap)
NOI $88,623 @ 7.0% cap · market cap 20.85%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

637
Businesses Nearby

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

Average Price Trend$/SF for Duplexes in Montgomery County, PA

$206 Jul
$206 Aug
$207 Sep
$191 Oct

Properties on Market for Duplexes in Montgomery County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

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 $425,000.
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
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