800 Forrest Street, CONSHOHOCKEN, PA 19428 (MLS # PAMC2138048)

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Price $1,250,000 Status Active Size 4,000 sqft Lot Size 3,050 sqft Days on Market 1

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.

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Data last updated: 4/25/25 11:08 AM PDT

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