Three-Story Brick
For Sale
$625,000
906 Dekalb St, Norristown, PA 19401
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 Market83
Property Features for 906 Dekalb St
General Information
Standard status
Active
Size
3,724 SF
Lot size
0.10 Acres
Property subtype
Residential Income
Zoning
HIGH DENSITY RESIDENTIAL
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,356
Amenities
Central Air
Forced Air, Natural Gas
On Street
Traditional
Building Details
Building Size
3,724 SF
Year Built
1899
Stories
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty Wilmington
Listed By:
sAAJAN Patel
(484) 544-2352
Source:
Evrealestate
Added: Jun 15
Changed: Aug 23
Last Checked: Sep 5 at 5:55AM
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
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
$54,109
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
8.66%
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%
$1,082,180
$1.1M
Cap Rate 7%
$772,986
$773.0K
Cap Rate 9%
$601,211
$601.2K
Market Conditions
NOI Build-Up for 3,724 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
$82.7K $22.20/SF
− Vacancy
−$5.4K −$1.44/SF
EGI
$77.3K $20.76/SF
− OpEx
−$23.2K −$6.23/SF
NOI
$54.1K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,082,180
Cap Rate 7%
$772,986
Cap Rate 9%
$601,211
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,072
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 - 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 St 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
