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!
Pending
$329,900
358 Prospect Ave, Bridgeport, PA 19405
3beds
2baths
1,661sqft
Est.:
Duplex
Built in 1900
-- sqft lot
$325,600 Zestimate®
$199/sqft
$-- HOA
What's special
Spacious backyardBasement storageAbundant natural light
- 19 days
- on Zillow |
- 1,163 |
- 71 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 02:20am
Listed by:
Toma Holovatskyy 484-868-9234,
RE/MAX Plus 2154223711
Source: Bright MLS,MLS#: PAMC2147740

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- None, Electric
Appliances
- Included: Dryer, Freezer, Oven/Range - Gas, Refrigerator, Washer, Gas Water Heater
Features
- Flooring: Carpet, Vinyl, Tile/Brick
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,661
- Total interior livable area: 1,661 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Patio & porch: Patio
- Exterior features: Sidewalks, Street Lights
- Pool features: None
Lot
- Size: 2,400 Square Feet
- Dimensions: 20.00 x 0.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 020004620004
- Zoning: RM1 - PLEASE VERIFY
- Zoning description: Duplex
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex
Materials
- Brick
- Foundation: Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Electricity Available
Community & HOA
Location
- Region: Bridgeport
- Municipality: BRIDGEPORT BORO
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $77,260
- Annual tax amount: $3,136
- Date on market: 7/18/2025
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,FHA,FHA 203(k)
- Exclusions: Tenant's Personal Property
- Ownership: Fee Simple
- Total actual rent: 19140
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