Two-Bedroom Condominium with
For Sale
$225,000
609 GLEN LANE Unit 54-B, Norristown, PA 19403
Second-floor residence includes in-unit laundry, two balconies, and access to a pool, tennis courts, and clubhouse.
Property Size903 SF
Price / SF$249.17
Days on Market67
Property Features for 609 GLEN LANE Unit 54-B
General Information
Standard status
Active
Size
903 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,352
Amenities
in-unit laundry
balcony
pool
tennis courts
clubhouse
Building Details
Building Size
903 SF
Year Built
1988
Listing Agency:
Realty One Group Supreme
Listed By:
James Harrison
(610) 392-3733
Source:
Desantis-realestate
Added: Aug 23
Changed: Oct 27
Last Checked: Oct 27 at 4:18AM
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 Realty One Group Supreme
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Investment Insights
Based on property information with market context.
This 903-square-foot, second-floor condominium was built in 1988 and has a one-level, open arrangement connecting the kitchen, dining area, and living room. Two bedrooms, a full bathroom, in-unit laundry, and additional utility and linen storage complete the interior. Sliding doors open to a front balcony, while the primary bedroom has a separate balcony facing the community pool. The kitchen includes a refrigerator, range, microwave, and dishwasher; a washer and dryer are also included.
Residents have access to a swimming pool, tennis courts, and a clubhouse. The association handles lawn care, snow removal, exterior maintenance, trash service, and upkeep of shared areas. The property is within the Norristown Area School District, with access to Route 202, Route 422, public transit, and shopping and dining in King of Prussia.
Residents have access to a swimming pool, tennis courts, and a clubhouse. The association handles lawn care, snow removal, exterior maintenance, trash service, and upkeep of shared areas. The property is within the Norristown Area School District, with access to Route 202, Route 422, public transit, and shopping and dining in King of Prussia.
Key Highlights
- 903‑square‑foot, two‑bedroom condominium built in 1988
- Two private balconies, including one overlooking the community pool
- Community swimming pool, tennis courts, and clubhouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,200
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,000
$244.0K
Cap Rate 7%
$174,286
$174.3K
Cap Rate 9%
$135,556
$135.6K
Market Conditions
NOI Build-Up for 903 SF
Gross rent
$23.6K $26.16/SF
− Vacancy
−$1.4K −$1.60/SF
EGI
$22.2K $24.56/SF
− OpEx
−$10.0K −$11.05/SF
NOI
$12.2K $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%
$244,000
Cap Rate 7%
$174,286
Cap Rate 9%
$135,556
Alternative Uses
Best Use
Apartment 5plus
$174.3K
$152.5K – $203.3K
NOI $12,200 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$519.4K
$454.5K – $606.0K
NOI $36,359 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 19403, PA
43,734
Population
19,720
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
1,952
Density / Sq Mi
$101,996
Median Household Income
$59,809
Median Earnings
$1,640
Median Rent
$355,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor residence includes in-unit laundry, two balconies, and access to a pool, tennis courts, and clubhouse.
Where is this residential income property located?
The property is located at 609 GLEN LANE Unit 54-B Norristown, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 903‑square‑foot, two‑bedroom condominium built in 1988; Two private balconies, including one overlooking the community pool; Community swimming pool, tennis courts, and clubhouse
