358 Prospect, BRIDGEPORT, PA 19405
Local realty services provided by:Better Homes and Gardens Real Estate Premier
358 Prospect,BRIDGEPORT, PA 19405
$329,900
- 2 Beds
- - Baths
- 1,661 sq. ft.
- Multi-family
- Pending
Listed by:toma holovatskyy
Office:re/max plus
MLS#:PAMC2147740
Source:BRIGHTMLS
Price summary
- Price:$329,900
- Price per sq. ft.:$198.62
About this home
Welcome to this charming duplex in the heart of Bridgeport, nestled within the highly sought-after Upper Merion School District. Ideally situated close to King of Prussia Mall, public transportation, thriving Conshohocken pharmaceutical companies, rapidly developing Norristown, and just a short commute to Philadelphia, this location is perfectly positioned for continued growth and convenience.
The duplex features two units: Unit 1, located on the first floor, is a comfortable 1-bedroom, 1-bath apartment with direct access to a spacious backyard and basement storage. Recently vacated after 8 years, this unit has been freshly cleared out and, with minor cosmetic updates, will easily rent for approximately $1,100/mo. Unit 2 is an updated bi-level, 2-bedroom, 1-bath apartment, currently leased through May 2026 at $1,595/mo. This unit offers abundant natural light, a spacious living and dining area, a large kitchen equipped with a gas stove, and an in-unit washer/dryer. Bedrooms are efficiently sized and connected by a large walk-through closet.
Tenants pay electricity and gas, while heating is provided via radiators (two separate boilers), and tenants supply their own window units for cooling. The owner covers water/sewer expenses and trash collection. This duplex is perfect for investors seeking stable returns, with total potential annual rent of $32,340, almost 10 GRM. With a 35% expense ratio rule of thumb, including professional property management (which is on standby for your convenience), vacancy, maitenance expenses and more we get a 6.4% CAP rate. 10 GRM and 6.4 CAP rate are amazing returns for this area. You can get 7-8% CAP and higher when self-managed. Alternatively, it's ideal for an owner-occupant looking to live in one unit while renting out the other. Eligible for FHA 203(k) financing, this property presents an excellent house-hacking opportunity for a savvy owner-occupant investor.
Don't miss out on this attractive investment opportunity in Bridgeport’s thriving community!
Contact an agent
Home facts
- Year built:1900
- Listing Id #:PAMC2147740
- Added:27 day(s) ago
- Updated:August 15, 2025 at 07:21 AM
Rooms and interior
- Bedrooms:2
- Living area:1,661 sq. ft.
Heating and cooling
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1900
- Building area:1,661 sq. ft.
- Lot area:0.06 Acres
Schools
- High school:UPPER MERION
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$329,900
- Price per sq. ft.:$198.62
- Tax amount:$3,136 (2025)
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