Tenant-Occupied
914 LAKEVIEW COURT #35 UPPER, Norristown, PA 19406
For Sale
$625,000
Three-bedroom residence with an attached garage, private balcony, and rooftop terrace.
Property Size2,290 SF
Price / SF$272.93
Days on Market50
Property Features for 914 LAKEVIEW COURT #35 UPPER
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Amenities
private rooftop terrace
attached garage
in-unit laundry
balcony
Building Details
Year Built
Tenancy
Listing Agency:
RE/MAX Services
(215) 641-2500
Listed By:
Michael S Choplin · License PA RS281080
(610) 291-3056
Source:
Cummingsrealtors
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 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 RE/MAX Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This tenant-occupied condominium is a 2019 Toll Brothers Dennison residence with approximately 2,290 finished square feet, including 2,144 square feet above grade. The three-bedroom, 2.5-bath layout features an open main living level, oversized kitchen island, stainless steel appliances, gas cooking, large windows, and bedroom-level laundry. The primary suite includes a private bath and balcony, while the finished lower level adds usable interior space. An attached garage, driveway parking, and private rooftop terrace complete the property.
Located in The Brownstones at Village at Valley Forge, the residence is within walking distance of King of Prussia Town Center dining, shopping, fitness, and services. Wegmans, King of Prussia Mall, Valley Forge National Historical Park, regional employment centers, and major highways are minutes away. The condominium fee covers common-area and exterior maintenance, lawn care, sewer, snow removal, trash, and water.
Located in The Brownstones at Village at Valley Forge, the residence is within walking distance of King of Prussia Town Center dining, shopping, fitness, and services. Wegmans, King of Prussia Mall, Valley Forge National Historical Park, regional employment centers, and major highways are minutes away. The condominium fee covers common-area and exterior maintenance, lawn care, sewer, snow removal, trash, and water.
Key Highlights
- 2,290 finished square feet, including 2,144 square feet above grade
- Three‑bedroom, 2.5‑bath Toll Brothers Dennison residence built in 2019
- Private rooftop terrace, primary‑suite balcony, and finished lower‑level space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,939
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,780
$618.8K
Cap Rate 7%
$441,986
$442.0K
Cap Rate 9%
$343,767
$343.8K
Market Conditions
NOI Build-Up for 2,290 SF
Gross rent
$59.9K $26.16/SF
− Vacancy
−$3.7K −$1.60/SF
EGI
$56.3K $24.56/SF
− OpEx
−$25.3K −$11.05/SF
NOI
$30.9K $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%
$618,780
Cap Rate 7%
$441,986
Cap Rate 9%
$343,767
Alternative Uses
Best Use
Apartment 5plus
$442.0K
$386.7K – $515.7K
NOI $30,939 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,206 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 19406, PA
28,553
Population
14,181
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
2,131
Density / Sq Mi
$109,944
Median Household Income
$65,749
Median Earnings
$1,983
Median Rent
$393,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Norristown, PA
Properties on Market for Residential income properties in Norristown
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with an attached garage, private balcony, and rooftop terrace.
Where is this residential income property located?
The property is located at 914 LAKEVIEW COURT #35 UPPER 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: 2,290 finished square feet, including 2,144 square feet above grade; Three‑bedroom, 2.5‑bath Toll Brothers Dennison residence built in 2019; Private rooftop terrace, primary‑suite balcony, and finished lower‑level space
