Residential Income Property with
627 BRANDON ROAD, Norristown, PA 19403
For Sale
$274,900
A 55+ community residence offers single-level living, elevator access, and a private outdoor space.
Property Size1,054 SF
Price / SF$260.82
Days on Market179
Property Features for 627 BRANDON ROAD
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
large private balcony
in-unit laundry room
community pool
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Lisa M Plank · License PA RS328497
(484) 686-6402
Source:
Desantis-realestate
Added: May 16
Changed: Nov 10
Last Checked: Nov 9 at 9:35PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,054-square-foot, two-bedroom, two-bath residence is in an elevator-served building completed in 2003. The single-level layout includes an open living and dining area, a kitchen with hardwood flooring and stainless steel appliances, and a private balcony. Recent interior work includes fresh paint, new carpeting, updated bathroom flooring, and new toilets. An in-unit laundry room and additional storage are also included.
The home is part of The Greens at Westover, a 55+ community with a pool, clubs, activities, and community events. The HOA covers exterior upkeep, lawn care, snow removal, water, and sewer. The Schuylkill River Trail is within walking distance, and Routes 422, 202, and 73 and the Pennsylvania Turnpike are identified as commuter routes in the area.
The home is part of The Greens at Westover, a 55+ community with a pool, clubs, activities, and community events. The HOA covers exterior upkeep, lawn care, snow removal, water, and sewer. The Schuylkill River Trail is within walking distance, and Routes 422, 202, and 73 and the Pennsylvania Turnpike are identified as commuter routes in the area.
Key Highlights
- 1,054‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Elevator building completed in 2003
- Private balcony and in‑unit laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,240
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,800
$284.8K
Cap Rate 7%
$203,429
$203.4K
Cap Rate 9%
$158,222
$158.2K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$27.6K $26.16/SF
− Vacancy
−$1.7K −$1.60/SF
EGI
$25.9K $24.56/SF
− OpEx
−$11.7K −$11.05/SF
NOI
$14.2K $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%
$284,800
Cap Rate 7%
$203,429
Cap Rate 9%
$158,222
Alternative Uses
Best Use
Apartment 5plus
$203.4K
$178.0K – $237.3K
NOI $14,240 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$606.3K
$530.5K – $707.3K
NOI $42,439 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
166
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
$355,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Norristown, PA
Properties on Market for Residential income properties in Norristown
Frequently Asked Questions
What type of property is this?
Residential income property - A 55+ community residence offers single-level living, elevator access, and a private outdoor space.
Where is this residential income property located?
The property is located at 627 BRANDON ROAD Norristown, PA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,054‑square‑foot residence with 2 bedrooms and 2 bathrooms; Elevator building completed in 2003; Private balcony and in‑unit laundry room
