Two-Unit Duplex with Detached
618 W LAFAYETTE Street, Norristown, PA 19401
For Sale
$359,900
Multi-Family, NORRISTOWN, PA
Property Size2,296 SF
Lot Size0.27 Acres
Price / SF$156.75
Days on Market50
Property Features for 618 W LAFAYETTE Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Listing Agency:
Real of Pennsylvania
(215) 367-5238
Listed By:
Dylan Bear · License PA RS352706
(267) 679-1993
Added: Sep 22
Changed: Oct 8
Last Checked: Nov 10 at 1:06AM
MLS# PAMC2195136
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,296-square-foot duplex contains two rental units within a brick building constructed in 1930. The property includes a basement, central heating, driveway parking, and three detached garages, offering multiple on-site parking and storage improvements.
The property occupies a 0.2713-acre double lot at 618 W Lafayette Street in Norristown, Pennsylvania. Its existing two-unit configuration and detached garage arrangement provide a defined residential income property setup with substantial supporting improvements.
The property occupies a 0.2713-acre double lot at 618 W Lafayette Street in Norristown, Pennsylvania. Its existing two-unit configuration and detached garage arrangement provide a defined residential income property setup with substantial supporting improvements.
Key Highlights
- Two rental units in a duplex configuration
- 2,296 square feet of building area
- 0.2713‑acre double lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,020
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,400
$620.4K
Cap Rate 7%
$443,143
$443.1K
Cap Rate 9%
$344,667
$344.7K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$60.1K $26.16/SF
− Vacancy
−$3.7K −$1.60/SF
EGI
$56.4K $24.56/SF
− OpEx
−$25.4K −$11.05/SF
NOI
$31.0K $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%
$620,400
Cap Rate 7%
$443,143
Cap Rate 9%
$344,667
Alternative Uses
Best Use
Multifamily LT 5
$476.6K
$417.0K – $556.0K
NOI $33,361 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$443.1K
$387.8K – $517.0K
NOI $31,020 @ 7.0% cap · market cap 8.62%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,448 @ 7.0% cap · market cap 25.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
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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
$225,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Norristown, PA
Properties on Market for Duplexes in Norristown
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick income property with driveway parking, central heating, and three detached garages.
Where is this duplex located?
The property is located at 618 W LAFAYETTE Street Norristown, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two rental units in a duplex configuration; 2,296 square feet of building area; 0.2713‑acre double lot
