800 Forrest St - Multi-Family FOR SALE


Conshohocken, PA 19428- Conshohocken/Plymouth Meeting
$1,250,000 USD
215-360-3540
800 Forrest St, Conshohocken, PA for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

800 Forrest St
Conshohocken, PA 19428
Conshohocken/Plymouth Meeting


HIGHLIGHTS

  • Vastly Under Market Rents
  • Average Conshohocken Vacancy 3% ±
  • Minimal renovations needed to achieve market rents
  • All units separately metered electric
  • High demand rental market 49% of all residents are renters
  • Washer/Dryers in two of five units

OVERVIEW

On behalf of ownership, KW Commercial is pleased to present to qualified investors the opportunity to acquire the fee simple interest in 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. A pro forma rent roll projects an annual gross rental income of $ 99,600, up from the current $64,200, reflecting a potential increase of over 55% through targeted unit renovations and lease turnovers. 800 Forrest Street is situated within walking distance of Conshohocken’s core retail, dining, and transit corridors, offering tenants exceptional walkability and connectivity to regional employment hubs—the property benefits from strong local rental demand and minimal multifamily inventory in this submarket. This offering represents a rare opportunity to acquire a stabilized physical asset with clear operational upside in a top-performing rental submarket.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Conshohocken 5-Unit Multifamily

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

BR-1

APN/PARCEL ID

05-00-04172-008

ASK ABOUT THIS PROPERTY

Beau McGettiganKW Commercial | Philadelphia Suburban WestMore Info
215-360-3540

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Beau McGettiganKW Commercial | Philadelphia Suburban WestMore Info
215-360-3540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.