Two-Unit
New
For Sale
$229,900
610 GREEN STREET, Norristown, PA 19401
Both residences have individual heat and hot water systems, with tenants in place under leases extending into 2027.
Property Size1,232 SF
Price / SF$186.61
Days on Market4
Property Features for 610 GREEN STREET
General Information
Standard status
Active
Size
1,232 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Gross Income
$26,988
Building Details
Year Built
1880
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Gregory Martire · License #RS225353L
(484) 997-8068
Source:
Cummingsrealtors
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:55AM
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 Springer Realty Group
Investment Insights
Based on property information with market context.
At 610 Green Street in Norristown, this 1,232-square-foot duplex was built in 1880 and contains two rental units: one with one bedroom and one with two bedrooms. Each residence has its own heat and hot water. The one-bedroom unit is leased through 8/27, while the two-bedroom unit is leased through 1/27.
The property is in Norristown, near shopping, dining, and major highways. Property taxes cover trash service.
The property is in Norristown, near shopping, dining, and major highways. Property taxes cover trash service.
Key Highlights
- Two residential units: one 1BR and one 2BR
- 1,232 square feet; built in 1880
- Leases run through 8/27 for the 1BR and 1/27 for the 2BR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,901
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,020
$358.0K
Cap Rate 7%
$255,729
$255.7K
Cap Rate 9%
$198,900
$198.9K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$27.4K $22.20/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$25.6K $20.76/SF
− OpEx
−$7.7K −$6.23/SF
NOI
$17.9K $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%
$358,020
Cap Rate 7%
$255,729
Cap Rate 9%
$198,900
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.8K – $298.4K
NOI $17,901 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$708.7K
$620.1K – $826.8K
NOI $49,606 @ 7.0% cap · market cap 21.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,084
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have individual heat and hot water systems, with tenants in place under leases extending into 2027.
Where is this duplex located?
The property is located at 610 GREEN STREET Norristown, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two residential units: one 1BR and one 2BR; 1,232 square feet; built in 1880; Leases run through 8/27 for the 1BR and 1/27 for the 2BR
