Two-Bedroom Income
For Sale
$329,900
666 W GERMANTOWN PIKE Unit 1212, Plymouth Meeting, PA 19462
Gated condominium residence with pool views, in-unit laundry, and extensive shared recreational amenities.
Property Size1,196 SF
Days on Market26
Property Features for 666 W GERMANTOWN PIKE Unit 1212
General Information
Standard status
Active
Size
1,196 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,278
Amenities
gated community
24-hour security
in-unit laundry
balcony
heated swimming pool
fitness center
tennis courts
basketball courts
walking paths
library
billiards room
social lounges
Building Details
Building Size
1,196 SF
Year Built
1974
Listing Agency:
Real of Pennsylvania
(610) 409-9200
Listed By:
Joseph L Tosco · License #AB069579
(610) 409-9200
Source:
Lizclarkrealestate
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 29 at 8:11PM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium residence features an open kitchen and dining arrangement, stainless steel appliances, a glass-top electric range, dishwasher, and walk-in pantry with custom shelving. The living room opens through two sliding glass doors to an L-shaped balcony overlooking the community pool. The primary bedroom includes an en suite bath and custom walk-in closet, while the second bedroom can serve as guest space, an office, hobby room, or studio. A hall bath with walk-in shower and in-unit laundry complete the layout.
The gated community provides 24-hour security and a broad range of shared amenities, including a heated swimming pool, fitness centers, tennis and basketball courts, walking paths, library, billiards room, and social lounges. The condominium fee includes heat, air conditioning, electricity, water, sewer, trash, cable, and exterior building maintenance.
The property is near Plymouth Meeting Mall, shopping, dining, I-476, the Pennsylvania Turnpike, the Schuylkill Expressway (I-76), and Route 202. The home was built in 1974.
The gated community provides 24-hour security and a broad range of shared amenities, including a heated swimming pool, fitness centers, tennis and basketball courts, walking paths, library, billiards room, and social lounges. The condominium fee includes heat, air conditioning, electricity, water, sewer, trash, cable, and exterior building maintenance.
The property is near Plymouth Meeting Mall, shopping, dining, I-476, the Pennsylvania Turnpike, the Schuylkill Expressway (I-76), and Route 202. The home was built in 1974.
Key Highlights
- Two‑bedroom, two‑bath condominium residence
- L‑shaped balcony with views of the community pool
- Kitchen includes stainless steel appliances and a walk‑in pantry with custom shelving
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,158
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,160
$323.2K
Cap Rate 7%
$230,829
$230.8K
Cap Rate 9%
$179,533
$179.5K
Market Conditions
NOI Build-Up for 1,196 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.3K $26.16/SF
− Vacancy
−$1.9K −$1.60/SF
EGI
$29.4K $24.56/SF
− OpEx
−$13.2K −$11.05/SF
NOI
$16.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,160
Cap Rate 7%
$230,829
Cap Rate 9%
$179,533
Alternative Uses
Best Use
Apartment 5plus
$230.8K
$202.0K – $269.3K
NOI $16,158 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$688.0K
$602.0K – $802.6K
NOI $48,157 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 19462, PA
16,267
Population
6,658
Households
2.4
Avg Household Size
41
Median Age
53%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
1,960
Density / Sq Mi
$133,942
Median Household Income
$66,598
Median Earnings
$1,771
Median Rent
$452,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Gated condominium residence with pool views, in-unit laundry, and extensive shared recreational amenities.
Where is this residential income property located?
The property is located at 666 W GERMANTOWN PIKE Unit 1212 Plymouth Meeting, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium residence; L‑shaped balcony with views of the community pool; Kitchen includes stainless steel appliances and a walk‑in pantry with custom shelving
