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Property profile & analytics
OFF-MARKET
Estimated value
$60,865,000
High-rise multifamily apartments
51 Washington St Conshohocken, PA 19428-2016
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-3070164
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Total area
434,229 SF
Lot
3.24 ac (141,134 SF)
Zoning code
HI
APN
05-00-00028-00-3
UPID
US73-3070164
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Apartment Building
-
The Birch Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$83.19M
Blend (final)
Blend
$60.87M
Owner & transaction history
Not Available From The Data Source · 1 yrs held
Not Available From The Data Source
since 2024
7 recorded transactions
Zoning & alternative use
HI · Conshohocken, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$71.1M
+17.7%
Commercial (general)
$69.4M
+15.1%
Medical building
$68.4M
+13.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Conshohocken submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conshohocken submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$60,355,000
Current use
OFFICE BUILDING
$71,050,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$69,445,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$68,445,000
Change: +13% · Conversion: Moderate
RESTAURANT
$60,950,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$56,595,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$60.87M
Range $54.78M – $66.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$140 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,216,627
Tax year 2023
Assessed value
$31,741,500
Assessed 2024
Previous assessed
$5,648,100
+462.0% YoY
Effective rate
3.83%
On assessed value
Total market value
$31,741,500
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2022
Heating
NONE
Cooling
NONE
Units
304
Total area
434,229 SF
Lot
3.24 ac (141,134 SF)
Zoning code
HI
APN
05-00-00028-00-3
UPID
US73-3070164
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HI · Conshohocken, PAZoning HI · permitted uses
HI · Conshohocken, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$60.4M
OFFICE BUILDING
Est. value
$71.1M
COMMERCIAL (GENERAL)
Est. value
$69.4M
MEDICAL BUILDING
Est. value
$68.4M
RESTAURANT
Est. value
$61.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$56.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Cooling
Yes
Units
304
Lot
3.24 ac
Current owner
From public records · entity-resolved
Not Available From The Data Source
Individual
Mailing address
1325 MORRIS DR STE #100, CHESTERBROOK, PA 19087-5521
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Not Available From The Data Source
Not Available From The Data Source
Deed
related
—
Oct 13, 2023
—
Not Available From The Data Source
—
Deed
related
$60,000,000 · Berkeley Point Capital LLC
May 1, 2020
—
51 Washington L Of Cal LLC
—
Deed
related
$51,042,100 · Webster Bk NA
Dec 20, 2019
$8,980,000
51 Washington L Of Cal LLC
Washington Street Mc Roseland
Grant Deed
—
Dec 3, 2014
$14,000,000
Washington Street Mc Roseland
51 Washington Street Assocs LP
Grant Deed
—
Feb 21, 2006
—
51 Washington St Assocs LP
John Benjamin Watson
Deed
—
—
—
51 Washington L Of Cal LLC
—
Deed Of Trust
related
$51,042,100 · Webster Bk NA
—
—
John B Watson
—
Deed Of Trust
related
$50,000 · O'neill Properties Group LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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