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Pending
  • $329,900

    358 Prospect Ave, Bridgeport, PA 19405

    3beds
    2baths
    1,661sqft
    : 
    Duplex
    Built in 1900
    -- sqft lot
    $325,600 Zestimate®
    $199/sqft
    $-- HOA

    What's special

    Spacious backyardBasement storageAbundant natural light
    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!
    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#: PAMC2147740MLS Logo
    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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