Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in Plymouth Manor, a 25-unit, garden-style multifamily community located at 301 E. Brown Street in Norristown, Montgomery County, Pennsylvania. Strategically positioned on a 0.85-acre parcel, this three-story asset comprises 27,234± square feet and features a well-balanced unit mix of (7) one-bedroom and (18) two-bedroom apartments. Originally constructed in 1965 and maintained with modest renovations, the Property offers a clear and immediate value-add opportunity through targeted interior upgrades and operational enhancements, with the potential to drive rental increases of approximately 15% to 20%.
Plymouth Manor is ideally situated in a supply-constrained, high-demand rental submarket that continues to benefit from Norristown’s ongoing revitalization efforts and proximity to employment hubs. The Property’s location is less than two miles from the Norristown Transportation Center, providing tenants with direct access to SEPTA’s regional rail, multiple bus routes, and the Norristown High Speed Line, offering seamless connectivity to Center City Philadelphia, King of Prussia, and other key destinations throughout the Region. Additionally, the asset is just minutes from major thoroughfares, including U.S. Route 202, I-476 (the Blue Route), and U.S. Route 422, which reinforces its appeal to the commuter tenant base.
Tenants at Plymouth Manor enjoy close proximity to a wide array of neighborhood amenities and essential services, including grocery stores such as Save-A-Lot and Giant, outdoor attractions like Elmwood Park Zoo and Norristown Farm Park, and key regional employers such as Einstein Medical Center Montgomery and the Montgomery County Courthouse. The Property’s central location and walkable surroundings contribute to high tenant retention, strong leasing velocity, and long-term occupancy stability.
Operationally, the asset is configured for efficiency, with separately metered electric service and RUBs-based billing for gas and water, minimizing landlord exposure to utility costs. Additional features include 20 off-street parking spaces, pitched asphalt shingle roofing, and modern fire safety systems. Current rents remain below market for comparable products, presenting a compelling opportunity to unlock additional revenue through a light value-add program focused on modernizing unit interiors with updated kitchens, flooring, and bathroom finishes.
With its desirable unit mix, strategic central location, strong connectivity, and clear path to increased net operating income, Plymouth Manor represents a rare opportunity to acquire a stabilized, income-producing multifamily asset with significant upside in one of Montgomery County’s most accessible and emerging rental markets.