931 N Trooper Rd - Apartments FOR SALE


Norristown, PA 19403
$800,000 USD
215-454-2879
931 N Trooper Rd, Norristown, PA for Sale
$800,000 USD
Apartments - FOR SALE
1/4
null | 9.3% Cap Rate

931 N Trooper Rd
Norristown, PA 19403


HIGHLIGHTS

  • Value-Add Potential: Opportunity to Increase Rents 15% to 20% with Minor Upgrades to Kitchens and Baths
  • Strong Unit Mix: Diverse Mix of (1) Studio, (3) One-Bedroom Units, and (2) Two-Bedroom Units
  • Accessibility: Easy Access to King of Prussia, Norristown, Valley Forge, and the Greater Philadelphia Metro Area
  • Public Transit: ±10-Minute Drive to Norristown Transportation Center, which Services SEPTA Bus Routes and Regional Rail Lines
  • Local Amenities: Proximity to Numerous Retail, Dining, and Recreational Amenities

OVERVIEW

Global Real Estate Advisors (GREA) is pleased to present the unique opportunity to acquire the fee simple interest in 931 North Trooper Road, a 5,245 square foot, six-unit multifamily property located in Eagleville, within Lower Providence Township, Montgomery County, Pennsylvania. Situated on a half-acre parcel along the highly traveled Trooper Road/Ridge Pike corridor, this asset consists of a well-balanced unit mix including (1) studio, (3) one-bedroom units, and (2) two-bedroom units. Originally constructed circa 1900, the Property offers a significant value add potential through light-to-moderate renovations, particularly in kitchens and baths, with the ability to increase current rental rates by approximately 15% to 20%. Located in a stable and supply-constrained submarket, 931 North Trooper Road benefits from strong underlying market fundamentals. The surrounding area supports a growing population, with ±58,000 households within a two-mile radius and an average household income of about $130,000. The Property is situated within the highly regarded Methacton School District, providing access to well-ranked schools, including Eagleville Elementary, Skyview Upper Elementary, Arcola Intermediate, and Methacton High School, making it an attractive option for families. Transportation and commuter connectivity further enhance the property’s appeal. The asset is positioned along Route 363/Ridge Pike commercial corridor and is within proximity to SEPTA suburban bus lines, offering connections to the Norristown Transportation Center and, subsequently, regional rail service into Center City Philadelphia and the surrounding suburbs. Additionally, its location near major employment hubs - including Montgomery County government offices, the Valley Forge corporate center, and King of Prussia business and retail district - drives consistent tenant demand. With a flexible unit mix, strong demographics, strategic location, and clear value enhancement potential, 931 North Trooper Road represents an ideal acquisition for value-focused investors. The property delivers stable in-place income today, with upside available through operational improvements and unit renovations.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,333

CAP RATE

9.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

931 N Trooper Rd

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,041 SF

ZONING

C

APN/PARCEL ID

67-00-03784-109

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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