Building Details

Building Size 1,741 SF

Year Built 2023

Listing Agency: KW Empower l**@lizlutz.com Show Phone

Listed By: Liz A Lutz · License #RS316665 Show Phone

Source: Lizclarkrealestate

Added: Aug 7 Changed: Aug 20 Last Checked: Aug 24 at 1:13PM

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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 KW Empower

Investment Insights

Based on property information with market context.

This 2023 residential income property is a condominium with an open interior plan designed for everyday living and entertaining. The kitchen includes gray shaker cabinetry, quartz countertops, gas cooking, and stainless steel appliances. The residence also provides a rear balcony suited to grilling or gardening, bedrooms sized for queen- and king-size beds, and substantial office space. Fresh paint and reported maintenance support immediate occupancy.

The property is at 77 E 4TH STREET Unit A in Bridgeport, Pennsylvania. A river walk along the Schuylkill is located behind the home and connects by foot or bicycle to Puddlers Kitchen and Tap and Upper Merion Boat House Park. The property is also positioned near King of Prussia, Route 202, and Route 276. Homeowners association services include 24/7 security patrol.

Key Highlights

• Built in 2023 with open‑concept interior layout
• Gray shaker cabinets, quartz counters, gas cooking, and stainless steel appliances
• Rear balcony for grilling and gardening

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

$23,521

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

5.53%

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%

$470,420 $470.4K

Cap Rate 7%

$336,014 $336.0K

Cap Rate 9%

$261,344 $261.3K

Market Conditions

NOI Build-Up for 1,741 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

$45.5K $26.16/SF

− Vacancy

−$2.8K −$1.60/SF

EGI

$42.8K $24.56/SF

− OpEx

−$19.2K −$11.05/SF

NOI

$23.5K $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 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%

$470,420

Cap Rate 7%

$336,014

Cap Rate 9%

$261,344

Alternative Uses

Best Use

Apartment 5plus

$336.0K

$294.0K – $392.0K (±1% cap)

NOI $23,521 @ 7.0% cap · market cap 5.53%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.00M

$876.3K – $1.17M (±1% cap)

NOI $70,101 @ 7.0% cap · market cap 16.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Residential income properties

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Acupuncture Real Estate Agency Home Appliance Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

813

Businesses Nearby

Explore this area Business Placement

Demographics for 19405, PA

5,558

Population

2,318

Households

2.4

Avg Household Size

36

Median Age

42%

College-Educated

94%

High-School Grad

1.0 sq mi

ZIP Area

5,558

Density / Sq Mi

$78,777

Median Household Income

$52,604

Median Earnings

$1,483

Median Rent

$314,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - 2023 condo with an open layout, rear balcony, quartz kitchen counters, gas cooking, and stainless steel appliances.

Where is this residential income property located?

The property is located at 77 E 4TH STREET Unit A Bridgeport, PA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Built in 2023 with open‑concept interior layout; Gray shaker cabinets, quartz counters, gas cooking, and stainless steel appliances; Rear balcony for grilling and gardening