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Listed by Beau McGettigan • KW Commercial
$ 1,250,000
Est. payment /mo
New
800 FORREST ST Conshohocken, PA 19428
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $312
MLS Listing ID PAMC2138048
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $4,836
Tax Year 2024
Lot Size 2,940 Sqft
Acres 0.07
Lot Dimensions 36.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
800 Forrest Street, a
five-unit multifamily building located just one block off Fayette Street in the heart
of Downtown Conshohocken, PA.
The property features a diverse unit mix, consisting of (1) a two-bedroom, two-bath
unit, (2) studios, and (2) one-bedroom, one-bath units. All units are individually
metered for electric. Select units are equipped with in-unit washers and dryers.
Current rents are significantly below market, presenting a clear value-add
opportunity through interior upgrades and rent stabilization.
800 Forrest Street is a five-unit multifamily building located just one block off Fayette Street in the heart of Downtown Conshohocken, PA. The property features a diverse unit mix consisting of (1) two-bedroom, two-bath unit, (2) studio units, and (2) one-bedroom, one-bath units. All units are separately metered for electric, and select units feature in-unit washers and dryers.
Current rents are significantly below market, presenting a clear value-add opportunity through modest interior upgrades and strategic lease turnover. The current rent roll generates $64,200 in annual gross income. Notably, one of the one-bedroom units is occupied by a family member and leased at just $550/month, well below market value. A pro forma rent roll projects a stabilized annual income of $99,600, reflecting a potential increase of over 55%. Individual unit rents show achievable upside ranging from 25% to over 300%.
800 Forrest Street is situated within walking distance to Conshohocken's core retail, dining, and regional transit corridors, offering tenants exceptional walkability and connectivity to employment centers. The property benefits from strong local rental demand and limited multifamily inventory in this highly desirable submarket.
Property Highlights:
Rents significantly below market
One unit leased at a family discount
55%+ potential rent growth through stabilization
All units separately metered electric
Minimal renovation required to achieve market rents
High-demand rental market: 49% of local residents are renters
Conshohocken vacancy rate averages ±3%
This offering represents a rare opportunity to acquire a stabilized asset with strong existing income and significant operational upside in one of suburban Philadelphia's top-performing rental markets.
five-unit multifamily building located just one block off Fayette Street in the heart
of Downtown Conshohocken, PA.
The property features a diverse unit mix, consisting of (1) a two-bedroom, two-bath
unit, (2) studios, and (2) one-bedroom, one-bath units. All units are individually
metered for electric. Select units are equipped with in-unit washers and dryers.
Current rents are significantly below market, presenting a clear value-add
opportunity through interior upgrades and rent stabilization.
800 Forrest Street is a five-unit multifamily building located just one block off Fayette Street in the heart of Downtown Conshohocken, PA. The property features a diverse unit mix consisting of (1) two-bedroom, two-bath unit, (2) studio units, and (2) one-bedroom, one-bath units. All units are separately metered for electric, and select units feature in-unit washers and dryers.
Current rents are significantly below market, presenting a clear value-add opportunity through modest interior upgrades and strategic lease turnover. The current rent roll generates $64,200 in annual gross income. Notably, one of the one-bedroom units is occupied by a family member and leased at just $550/month, well below market value. A pro forma rent roll projects a stabilized annual income of $99,600, reflecting a potential increase of over 55%. Individual unit rents show achievable upside ranging from 25% to over 300%.
800 Forrest Street is situated within walking distance to Conshohocken's core retail, dining, and regional transit corridors, offering tenants exceptional walkability and connectivity to employment centers. The property benefits from strong local rental demand and limited multifamily inventory in this highly desirable submarket.
Property Highlights:
Rents significantly below market
One unit leased at a family discount
55%+ potential rent growth through stabilization
All units separately metered electric
Minimal renovation required to achieve market rents
High-demand rental market: 49% of local residents are renters
Conshohocken vacancy rate averages ±3%
This offering represents a rare opportunity to acquire a stabilized asset with strong existing income and significant operational upside in one of suburban Philadelphia's top-performing rental markets.
Location
State PA
County Montgomery
Area Conshohocken Boro (10605)
Zoning BR-1
Interior
Hot Water Other
Heating Hot Water
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Colonial
Others
Tax ID 05-00-04168-003
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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