Apartment Building with
535 SWEDE STREET, Norristown, PA 19401
For Sale
New
$1,000,000
Five three-bedroom apartments are paired with two professional offices in this income-producing property.
Property Size8,851 SF
Days on Market3
Property Features for 535 SWEDE STREET
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
central air
gas heat
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Jasper J DiSanto · License PA AB062573L
(610) 828-9558
Source:
Lizclarkrealestate
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:24PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, the property contains five three-bedroom apartments and two professional offices. Each unit has central air conditioning and gas heat, with tenants paying those utility costs. The owner currently covers water; water service can be separated by unit. The stated cap rate is 7.5%. The property is located at 535 Swede Street in Norristown, Pennsylvania.
Key Highlights
- Five three‑bedroom apartments and two professional offices
- Central air conditioning and gas heat in all units; tenants pay those costs
- Water is currently owner‑paid and can be separated by unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,608
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,832,160
$1.8M
Cap Rate 7%
$1,308,686
$1.3M
Cap Rate 9%
$1,017,867
$1.0M
Market Conditions
NOI Build-Up for 8,851 SF
Gross rent
$159.3K $18.00/SF
− Vacancy
−$12.7K −$1.44/SF
EGI
$146.6K $16.56/SF
− OpEx
−$55.0K −$6.21/SF
NOI
$91.6K $10.35/SF
Area
Montgomery County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,832,160
Cap Rate 7%
$1,308,686
Cap Rate 9%
$1,017,867
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.49M – $1.99M
NOI $119,580 @ 7.0% cap · market cap 11.96%
Second Best
Mixed Use
$1.31M
$1.15M – $1.53M
NOI $91,608 @ 7.0% cap · market cap 9.16%
Theoretical Best
Specialty Retail
$5.09M
$4.45M – $5.94M
NOI $356,383 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 19401, PA
43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Montgomery County, PA
Properties on Market for Apartment buildings in Montgomery County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five three-bedroom apartments are paired with two professional offices in this income-producing property.
Where is this apartment building located?
The property is located at 535 SWEDE STREET Norristown, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Five three‑bedroom apartments and two professional offices; Central air conditioning and gas heat in all units; tenants pay those costs; Water is currently owner‑paid and can be separated by unit
