Updated Triplex with Separate
New
For Sale
$399,900
709 GEORGE Street, Norristown, PA 19401
MULTI_FAMILY - Other - NORRISTOWN, PA
Property Size2,423 SF
Lot Size0.12 Acres
Price / SF$165.04
Days on Market3
Property Features for 709 GEORGE Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
3
Parking features
Driveway, On Street
Interior features
Floor Plan - Traditional, Kitchenette, Recessed Lighting
Appliances
Oven/Range - Electric, Refrigerator, WaterHeater
Subdivision
NONE AVAILABLE
High school
NORRISTOWN AREA
Elementary school district
NORRISTOWN AREA
Middle school district
NORRISTOWN AREA
High school district
NORRISTOWN AREA
Standard status
Active
Size
2,423 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
1927
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1890
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Gerald P Hill · License #RM421402
(267) 242-9172
Added: Jul 30
Last Checked: Aug 1 at 6:06AM
MLS# PAMC2189562
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.
Investment Insights
Based on property information with market context.
709 George Street is a recently updated triplex with a traditional floor plan and brick construction, built in 1890. The property totals 2,423 square feet on a 0.1228-acre lot and is heated with electric baseboard systems. Interior features include a kitchenette and recessed lighting, and appliances include an electric oven/range, refrigerator, and water heater.
The three-unit layout includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Two of the three units are currently occupied, while one unit is vacant, offering flexibility for owner-occupancy or additional rental income. A key operational benefit is that all utilities are separately metered, including a dedicated owner utility service.
Outside, there is rear parking along with an attached storage shed, plus ample on-street parking. The property’s location is near shopping, restaurants, public transportation, and major commuter routes, and it is described as highly walkable for tenant convenience.
The three-unit layout includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Two of the three units are currently occupied, while one unit is vacant, offering flexibility for owner-occupancy or additional rental income. A key operational benefit is that all utilities are separately metered, including a dedicated owner utility service.
Outside, there is rear parking along with an attached storage shed, plus ample on-street parking. The property’s location is near shopping, restaurants, public transportation, and major commuter routes, and it is described as highly walkable for tenant convenience.
Key Highlights
- Triplex with 2,423 SF of space on a 0.1228‑acre lot
- Brick construction built in 1890
- All utilities separately metered, including a dedicated owner utility service
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $22.20 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $50.3k | $20.76 |
| − OpEx | −$15.1k | −$6.23 |
| NOI | $35.2k | $14.53 |
2,423 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$502.9K
$440.1K – $586.8K
NOI $35,206 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$467.7K
$409.2K – $545.6K
NOI $32,736 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.63M
NOI $97,561 @ 7.0% cap · market cap 24.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,722
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Recently updated triplex with separately metered utilities, rear parking, and one currently vacant unit.
Where is this triplex located?
The property is located at 709 GEORGE Street Norristown, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Triplex with 2,423 SF of space on a 0.1228‑acre lot; Brick construction built in 1890; All utilities separately metered, including a dedicated owner utility service
