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101 E High St 23 Unit Apartment Building $2,800,000 ($121,739/Unit) 6.60% Cap Rate Pottstown, PA 19464
Investment Highlights
- 23-unit mixed-use multifamily asset with retail component
- Efficient expense structure with ~38% Year 1 expenses
- Prime transit access — 1-minute walk to Pottstown Amtrak Station
- Projected 7.58% Year 1 cap rate at asking price
- Immediate value-add opportunity through rent increases and renovations
- Strong connectivity via Route 422 and Route 100 to King of Prussia & Philadelphia
Executive Summary
Trophy Commercial Real Estate is pleased to present 101 E High Street, a 23-unit mixed-use multifamily asset located in the heart of Downtown Pottstown, PA. This 24,928 square foot property features 23 residential units over ground-floor commercial space, offering immediate in-place cash flow with multiple value-add opportunities.
New ownership can continue the renovation program currently underway, driving rent growth through interior upgrades and modernization. The residential units feature generous layouts, many with both dining and family room areas, supporting historically strong occupancy and tenant retention. The asset has also benefited from recent capital improvements, including updates to the roof, elevator, boiler, and electrical systems within the last five years.
New ownership can continue the renovation program currently underway, driving rent growth through interior upgrades and modernization. The residential units feature generous layouts, many with both dining and family room areas, supporting historically strong occupancy and tenant retention. The asset has also benefited from recent capital improvements, including updates to the roof, elevator, boiler, and electrical systems within the last five years.
Property Facts
| Price | $2,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $121,739 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.60% | Building Size | 24,031 SF |
| No. Units | 23 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CB, Pottstown Boro - Central business district. Zoning district area with a high level of economic and commercial activity, located centrally to transportation | ||
| Price | $2,800,000 |
| Price Per Unit | $121,739 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 24,031 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | CB, Pottstown Boro - Central business district. Zoning district area with a high level of economic and commercial activity, located centrally to transportation |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 13 | - | - |
| 2+1 | 6 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 16-00-14652-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $434,000 |
Property Taxes
Parcel Number
16-00-14652-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$434,000
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