Two-Bedroom Residential
For Sale
$585,000
575 S GODDARD BOULEVARD Unit 502, King of Prussia, PA 19406
A private balcony and shared building amenities complement this two-bedroom residence.
Property Size1,341 SF
Price / SF$436.24
Days on Market230
Property Features for 575 S GODDARD BOULEVARD Unit 502
General Information
Standard status
Active
Size
1,341 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,262
Amenities
rooftop terrace
fitness center
golf simulator
theater room
secure entry
luxe mailroom with refrigerated storage
in-unit laundry
private balcony
Building Details
Building Size
1,341 SF
Year Built
2020
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Linda G Allebach · License #RS307433
(610) 513-0450
Source:
Desantis-realestate
Added: Mar 18
Changed: Nov 2
Last Checked: Oct 31 at 10:00PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 2020 residence has two bedrooms, two full baths, an open living and dining area, and a kitchen with generous workspace. The primary bedroom includes a walk-in closet, while the second bedroom can serve as guest space or a home office. A private balcony, in-unit laundry, and two assigned parking spaces—one in the garage and one in the lot—add practical convenience.
Building amenities include a rooftop terrace with views of Valley Forge National Park, a fitness center with Peloton and Life Fitness equipment, a golf simulator, and a theater room. Secure entry and refrigerated package storage are also provided. The property is near routes 202, 422, and 76, as well as the Pennsylvania Turnpike. King of Prussia Mall, Town Center shops and restaurants, Topgolf, Lifetime Fitness, and IMAX are nearby.
Building amenities include a rooftop terrace with views of Valley Forge National Park, a fitness center with Peloton and Life Fitness equipment, a golf simulator, and a theater room. Secure entry and refrigerated package storage are also provided. The property is near routes 202, 422, and 76, as well as the Pennsylvania Turnpike. King of Prussia Mall, Town Center shops and restaurants, Topgolf, Lifetime Fitness, and IMAX are nearby.
Key Highlights
- Two bedrooms and two full baths
- Built in 2020
- Private balcony and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,117
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,340
$362.3K
Cap Rate 7%
$258,814
$258.8K
Cap Rate 9%
$201,300
$201.3K
Market Conditions
NOI Build-Up for 1,341 SF
Gross rent
$35.1K $26.16/SF
− Vacancy
−$2.1K −$1.60/SF
EGI
$32.9K $24.56/SF
− OpEx
−$14.8K −$11.05/SF
NOI
$18.1K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,340
Cap Rate 7%
$258,814
Cap Rate 9%
$201,300
Alternative Uses
Best Use
Apartment 5plus
$258.8K
$226.5K – $302.0K
NOI $18,117 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$771.4K
$674.9K – $899.9K
NOI $53,995 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,943
Businesses Nearby
Explore this area
Business Placement
Demographics for 19406, PA
28,553
Population
14,181
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
2,131
Density / Sq Mi
$109,944
Median Household Income
$65,749
Median Earnings
$1,983
Median Rent
$393,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony and shared building amenities complement this two-bedroom residence.
Where is this residential income property located?
The property is located at 575 S GODDARD BOULEVARD Unit 502 King of Prussia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two bedrooms and two full baths; Built in 2020; Private balcony and in‑unit laundry
