Updated Residential Income
666 W GERMANTOWN PIKE Unit 1618, Plymouth Meeting, PA 19462
For Sale
$310,000
Two-bedroom condominium with renovated finishes, in-unit laundry, and controlled community access.
Property Size1,000 SF
Days on Market150
Property Features for 666 W GERMANTOWN PIKE Unit 1618
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gated community
security access
intercom system
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Lydia Hayward · License PA RS296246
(215) 740-8515
Source:
Lizclarkrealestate
Added: Jun 13
Changed: Nov 3
Last Checked: Nov 8 at 12:07PM
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 residential income property is a two-bedroom, 1.5-bath condominium in Plymouth Meeting’s Plymouth Hill community. The home includes updated flooring, upgraded countertops, newer appliances, and a newer sliding glass patio door. The primary bedroom has an updated walk-in closet, while the second bedroom is positioned near the full hall bathroom. An in-unit washer and dryer add everyday convenience, and the popcorn ceiling was professionally removed in 2016.
The gated community provides monitored security access and an intercom system. The monthly association fee includes access to community amenities. Built in 1974, the condominium combines a defined two-bedroom layout with several documented interior improvements.
The gated community provides monitored security access and an intercom system. The monthly association fee includes access to community amenities. Built in 1974, the condominium combines a defined two-bedroom layout with several documented interior improvements.
Key Highlights
- Two‑bedroom, 1.5‑bath condominium
- Updated flooring, countertops, appliances, and sliding patio door
- Primary bedroom includes an updated walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,510
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,200
$270.2K
Cap Rate 7%
$193,000
$193.0K
Cap Rate 9%
$150,111
$150.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.2K $26.16/SF
− Vacancy
−$1.6K −$1.60/SF
EGI
$24.6K $24.56/SF
− OpEx
−$11.1K −$11.05/SF
NOI
$13.5K $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%
$270,200
Cap Rate 7%
$193,000
Cap Rate 9%
$150,111
Alternative Uses
Best Use
Apartment 5plus
$193.0K
$168.9K – $225.2K
NOI $13,510 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$575.2K
$503.3K – $671.1K
NOI $40,265 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,510
Businesses Nearby
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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
$452,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Montgomery County, PA
Properties on Market for Residential income properties in Montgomery County
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with renovated finishes, in-unit laundry, and controlled community access.
Where is this residential income property located?
The property is located at 666 W GERMANTOWN PIKE Unit 1618 Plymouth Meeting, PA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath condominium; Updated flooring, countertops, appliances, and sliding patio door; Primary bedroom includes an updated walk‑in closet
