This quadruplex in Norristown has four units—three 1-bedrooms and one efficiency. Based on recent comp data, the estimated monthly rent per 1-bedroom unit ranges from $1,391 to $1,480, and efficiencies typically lease slightly below that, around $1,150–$1,250. That puts the total rent potential between $4,640 and $6,824 per month. At this range, annual gross income is $55K–$82K. With an asking price of $225K, the payback period (gross rent multiplier) is approximately 2.7–4.9 years, which is very strong for this region. The Norristown market shows steady demand, moderate rent growth, and a healthy price-to-rent ratio, though some units will require completion before occupancy. The value-add nature and proximity to Main St. boost rent potential, but the as-is sale and required repairs do present some hurdles.

For an investor, complete all outstanding renovations and modernize kitchens and baths, as updated interiors command top rents in Norristown. Consider adding in-unit laundry if feasible, which is a major differentiator and rent booster in this submarket. If selling, market the property’s strong cash flow potential and the included renovation materials, appealing to buyers seeking value-add or BRRRR opportunities. Securing occupancy permits and providing basic lease-up projections could further increase buyer interest.