Residential Income Property with
For Sale
$565,000
807 SPRING MILL AVENUE Unit B, Conshohocken, PA 19428
Two-level condominium with private outdoor space, dedicated parking, and access to Conshohocken’s restaurants, rail service, and Schuylkill River Trail.
Property Size1,744 SF
Days on Market49
Property Features for 807 SPRING MILL AVENUE Unit B
General Information
Standard status
Active
Size
1,744 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,756
Building Details
Building Size
1,744 SF
Year Built
2015
Listing Agency:
Keller Williams Main Line
Listed By:
Carmine Rauso · License #RS344071
(610) 420-9979
Source:
Lizclarkrealestate
Added: Sep 18
Changed: Nov 3
Last Checked: Nov 4 at 7:26PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
This two-level, top-floor condominium in Spring Mill Crossing was built in 2015 and offers a flexible residential layout with two bedrooms and two full bathrooms. The main level combines kitchen, dining, and living areas in an open arrangement with engineered hardwood floors, high ceilings, built-in cabinetry, and sliding doors to a private balcony. The kitchen includes marble countertops, a herringbone backsplash, stainless steel appliances, pull-out storage, and gas cooking. A second bedroom can also function as an office, den, guest room, or fitness area, while in-home laundry adds convenience.
The upper level is devoted to the primary suite, featuring vaulted ceilings, a sitting area, two walk-in closets with custom organizers, a second balcony, and an en-suite bathroom with marble details and a step-in shower. Parking includes a private garage and an additional assigned space. The property is near the Schuylkill River Trail, regional rail, restaurants, shopping, and nightlife in Conshohocken.
The upper level is devoted to the primary suite, featuring vaulted ceilings, a sitting area, two walk-in closets with custom organizers, a second balcony, and an en-suite bathroom with marble details and a step-in shower. Parking includes a private garage and an additional assigned space. The property is near the Schuylkill River Trail, regional rail, restaurants, shopping, and nightlife in Conshohocken.
Key Highlights
- Two‑level, top‑floor condominium built in 2015
- 2 bedrooms and 2 full bathrooms
- Two private balconies with treetop views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,562
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,240
$471.2K
Cap Rate 7%
$336,600
$336.6K
Cap Rate 9%
$261,800
$261.8K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$45.6K $26.16/SF
− Vacancy
−$2.8K −$1.60/SF
EGI
$42.8K $24.56/SF
− OpEx
−$19.3K −$11.05/SF
NOI
$23.6K $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%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Apartment 5plus
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$877.8K – $1.17M
NOI $70,222 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 19428, PA
19,690
Population
10,032
Households
2
Avg Household Size
36
Median Age
66%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
2,697
Density / Sq Mi
$116,566
Median Household Income
$73,713
Median Earnings
$1,900
Median Rent
$445,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium with private outdoor space, dedicated parking, and access to Conshohocken’s restaurants, rail service, and Schuylkill River Trail.
Where is this residential income property located?
The property is located at 807 SPRING MILL AVENUE Unit B Conshohocken, PA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑level, top‑floor condominium built in 2015; 2 bedrooms and 2 full bathrooms; Two private balconies with treetop views
