Three-Story Brick
906 DeKalb Street Norristown, PA 19401
906 DeKalb Street, Norristown, PA, 19401
$625,000
For Sale
$625,000
Three-story brick triplex with three 3-bedroom units, each with central air, gas forced-air heat, and washer/dryer hookups.
Property Size3,724 SF
Lot Size0.10 Acres
Price / SF$167.83
Days on Market73
Property Features for 906 DeKalb Street
General Information
- Standard status
- Active
- Size
- 3,724 SF
- Lot size
- 0.10 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1899
Listing agency
Keller Williams Realty Wilmington
(484) 544-2352
Listed by
sAAJAN Patel
(484) 544-2352
Source
Compass
Added: May 11 Updated: Jul 21 at 5:57AM Checked: Jul 22 at 8:11AM
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 Realty Wilmington
Investment Insights
Based on property information with market context.
This three-story brick triplex includes three separate 3-bedroom units, for a total of nine bedrooms across the property. The building was constructed in 1899 and features separate utilities for each unit. Each unit is equipped with central air conditioning and gas forced-air heat, along with washer/dryer hookups.
The property is situated on a 4,200 SF lot in Montgomery County’s Norristown Boro area (MLS Area 10613). The Norristown Area School District serves the property.
For rental operations, current Montgomery County Housing Authority payment standards support rents of approximately $2,724 per month for a 3-bedroom unit.
The property is situated on a 4,200 SF lot in Montgomery County’s Norristown Boro area (MLS Area 10613). The Norristown Area School District serves the property.
For rental operations, current Montgomery County Housing Authority payment standards support rents of approximately $2,724 per month for a 3-bedroom unit.
Key Highlights
- Three‑story brick triplex with three 3‑bedroom units (9 bedrooms total), totaling approximately 3,724 SF
- 0.096‑acre lot (4,200 SF) with separate utilities for each unit
- Each unit has central air conditioning and gas forced‑air heat
Local 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 | $82.7k | $22.20 |
| − Vacancy | −$5.4k | −$1.44 |
| EGI | $77.3k | $20.76 |
| − OpEx | −$23.2k | −$6.23 |
| NOI | $54.1k | $14.53 |
3,724 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$718.7K
$628.9K – $838.5K
NOI $50,312 @ 7.0% cap · market cap 8.05%
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.50M
NOI $149,946 @ 7.0% cap · market cap 23.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-story brick triplex with three 3-bedroom units, each with central air, gas forced-air heat, and washer/dryer hookups.
Where is this triplex located?
The property is located at 906 DeKalb Street Norristown, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three‑story brick triplex with three 3‑bedroom units (9 bedrooms total), totaling approximately 3,724 SF; 0.096‑acre lot (4,200 SF) with separate utilities for each unit; Each unit has central air conditioning and gas forced‑air heat
