PA > Conshohocken
Conshohocken, PA 19428,800 FORREST ST
Conshohocken, PA 19428,800 FORREST ST
Conshohocken, PA 19428,800 FORREST ST
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by Beau McGettigan • KW Commercial
$1,250,000
Est. payment /mo
4,000 SqFt
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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.

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

Read Less Info
Bright MLS (BMLS)

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agent

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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800 FORREST ST

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