Three-Unit Triplex with Central
For Sale
Under Contract
$625,000
906 DEKALB Street, Norristown, PA 19401
MULTI_FAMILY - Other - NORRISTOWN, PA
Property Size3,724 SF
Lot Size0.10 Acres
Price / SF$167.83
Days on Market49
Property Features for 906 DEKALB Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Elementary school district
NORRISTOWN AREA
Middle school district
NORRISTOWN AREA
High school district
NORRISTOWN AREA
Standard status
Active Under Contract
Size
3,724 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
3356
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
separate utilities
central air conditioning
gas forced-air heat
washer/dryer hookups
Building Details
Year built
1899
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Realty Wilmington
(302) 299-1100
Listed By:
sAAJAN Patel
(484) 544-2352
Added: Jun 15
Changed: Jul 30
Last Checked: Aug 2 at 4:06PM
MLS# PAMC2184074
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.
Investment Insights
Based on property information with market context.
Three three-bedroom units in a three-story brick triplex, totaling approximately 3,724 SF on a 4,200 SF (0.096-acre) lot. The property was built in 1899 and offers separate utilities to each unit. Heating is gas forced-air, and each unit includes central air conditioning. Washer/dryer hookups are available in every unit, supporting convenient in-home laundry.
The property is located at 906 DeKalb Street in Norristown, Pennsylvania. Parking is available on-street, and the site footprint is sized for an urban residential configuration.
With nine total bedrooms across the three units, this triplex layout is well suited for tenants seeking multiple bedrooms per household within a small, self-contained building.
The property is located at 906 DeKalb Street in Norristown, Pennsylvania. Parking is available on-street, and the site footprint is sized for an urban residential configuration.
With nine total bedrooms across the three units, this triplex layout is well suited for tenants seeking multiple bedrooms per household within a small, self-contained building.
Key Highlights
- Three 3‑bedroom units totaling approximately 3,724 SF
- Built in 1899; three‑story brick triplex
- 4,200 SF (0.096‑acre) lot
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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 three-bedroom units in a three-story brick triplex with central air, separate utilities, and washer/dryer hookups in each unit.
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 3‑bedroom units totaling approximately 3,724 SF; Built in 1899; three‑story brick triplex; 4,200 SF (0.096‑acre) lot
