Six-Unit Apartment
For Sale
$725,000
870 E HIGH Street, Pottstown, PA 19464
Multi-Family, POTTSTOWN, PA
Property Size3,094 SF
Lot Size0.29 Acres
Price / SF$234.32
Days on Market92
Property Features for 870 E HIGH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
8
Parking features
Parking Lot, Off Street, On Street
Interior features
Floor Plan - Traditional
Appliances
Stove, WaterHeater
Elementary school district
POTTSTOWN
Middle school district
POTTSTOWN
High school district
POTTSTOWN
Standard status
Active
Size
3,094 SF
Lot size
0.29 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6985
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1910
Number of units
4
Building materials
Asbestos, Combination, Frame, Mixed, Stone, Stucco, Block, Brick, Masonry, Vinyl Siding
Architectural style
Colonial
Buildings
1
Listing Agency:
Kelly Real Estate, Inc.
(610) 369-3600
Listed By:
Kathy A Landis · License #RS287200
(610) 226-7087
Added: Aug 6
Changed: Oct 24
Last Checked: Nov 5 at 7:06AM
MLS# PAMC2188148
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.
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Investment Insights
Based on property information with market context.
This 3,094-square-foot Colonial apartment building contains six units: three one-bedroom apartments, two efficiencies, and one two-bedroom apartment. The property was built in 1910 and includes a traditional floor plan, basement space, electric baseboard heat, stoves, and water heaters. Parking is available off street, in a lot, and along the street, with a grassy lawn serving the 0.2893-acre parcel.
The building is directly across from the entrance to The Hill School in Pottstown. Residents pay their own heat, electric, and internet costs, while the landlord covers water, sewer, and trash. Lawn care and snow removal for the walkways are handled by the tenant in Unit #5.
The building is directly across from the entrance to The Hill School in Pottstown. Residents pay their own heat, electric, and internet costs, while the landlord covers water, sewer, and trash. Lawn care and snow removal for the walkways are handled by the tenant in Unit #5.
Key Highlights
- Six apartment units with three one‑bedroom units, two efficiencies, and one two‑bedroom unit
- 3,094 square feet on a 0.2893‑acre parcel
- Directly across from the entrance to The Hill School
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,801
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,020
$836.0K
Cap Rate 7%
$597,157
$597.2K
Cap Rate 9%
$464,456
$464.5K
Market Conditions
NOI Build-Up for 3,094 SF
Gross rent
$80.9K $26.16/SF
− Vacancy
−$4.9K −$1.60/SF
EGI
$76.0K $24.56/SF
− OpEx
−$34.2K −$11.05/SF
NOI
$41.8K $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%
$836,020
Cap Rate 7%
$597,157
Cap Rate 9%
$464,456
Alternative Uses
Best Use
Apartment 5plus
$597.2K
$522.5K – $696.7K
NOI $41,801 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,579 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
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Business Placement
Demographics for 19464, PA
48,409
Population
19,985
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
25.6 sq mi
ZIP Area
1,891
Density / Sq Mi
$76,338
Median Household Income
$44,888
Median Earnings
$1,226
Median Rent
$231,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Traditional Colonial apartment property with off-street parking, lawn area, and a varied unit mix.
Where is this apartment building located?
The property is located at 870 E HIGH Street Pottstown, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Six apartment units with three one‑bedroom units, two efficiencies, and one two‑bedroom unit; 3,094 square feet on a 0.2893‑acre parcel; Directly across from the entrance to The Hill School
