Corner Residential Income
For Sale
$825,000
575 S GODDARD BOULEVARD Unit 512, King of Prussia, PA 19406
A private balcony and three bedrooms complement the residence’s open living and dining area.
Property Size1,794 SF
Price / SF$459.87
Days on Market29
Property Features for 575 S GODDARD BOULEVARD Unit 512
General Information
Standard status
Active
Size
1,794 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,773
Building Details
Building Size
1,794 SF
Year Built
2020
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Linda G Allebach · License #RS307433
(610) 513-0450
Source:
Wagnerrealestate
Added: Oct 5
Changed: Nov 2
Last Checked: Nov 1 at 3:31PM
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 1,794-square-foot, top-floor corner residence was built in 2020 and includes three bedrooms, an open living and dining area, and a modern kitchen with an island. The balcony overlooks Valley Forge National Park. The owner’s suite has a walk-in closet and private bath; the second bedroom also has a full bath and walk-in closet. A third bedroom opens to the balcony. A dedicated laundry room and two assigned garage spaces complete the residence.
Building amenities include a rooftop deck, fitness equipment, golf simulator, private theater, billiards, lounges, workspaces, elevators, secure entry, and a refrigerated package area. King of Prussia Town Center is within walking distance, and King of Prussia Mall is five minutes away. Valley Forge National Historical Park and Lifetime Fitness are nearby.
Building amenities include a rooftop deck, fitness equipment, golf simulator, private theater, billiards, lounges, workspaces, elevators, secure entry, and a refrigerated package area. King of Prussia Town Center is within walking distance, and King of Prussia Mall is five minutes away. Valley Forge National Historical Park and Lifetime Fitness are nearby.
Key Highlights
- 1,794‑square‑foot top‑floor corner residence built in 2020
- Three bedrooms, including two suites with full bathrooms
- Balcony overlooking Valley Forge National Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,238
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,760
$484.8K
Cap Rate 7%
$346,257
$346.3K
Cap Rate 9%
$269,311
$269.3K
Market Conditions
NOI Build-Up for 1,794 SF
Gross rent
$46.9K $26.16/SF
− Vacancy
−$2.9K −$1.60/SF
EGI
$44.1K $24.56/SF
− OpEx
−$19.8K −$11.05/SF
NOI
$24.2K $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%
$484,760
Cap Rate 7%
$346,257
Cap Rate 9%
$269,311
Alternative Uses
Best Use
Apartment 5plus
$346.3K
$303.0K – $404.0K
NOI $24,238 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.03M
$902.9K – $1.20M
NOI $72,235 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,943
Businesses Nearby
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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 three bedrooms complement the residence’s open living and dining area.
Where is this residential income property located?
The property is located at 575 S GODDARD BOULEVARD Unit 512 King of Prussia, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1,794‑square‑foot top‑floor corner residence built in 2020; Three bedrooms, including two suites with full bathrooms; Balcony overlooking Valley Forge National Park
