358 Prospect St Bridgeport, PA 19405
Estimated payment $2,018/month
Highlights
- Patio
- Tile or Brick Flooring
- Radiator
- Upper Merion Middle School Rated A
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,136
Year Built
- Built in 1900
Lot Details
- 2,400 Sq Ft Lot
- Lot Dimensions are 20.00 x 0.00
Home Design
- 1,661 Sq Ft Home
- Duplex
- Brick Exterior Construction
Kitchen
- Gas Oven or Range
- Freezer
Flooring
- Wall to Wall Carpet
- Tile or Brick
- Vinyl
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Upper Merion High School
Utilities
- Radiator
- Natural Gas Water Heater
Additional Features
- Unfinished Basement
Listing and Financial Details
- Tax Lot 022
- Assessor Parcel Number 02-00-04620-004
Community Details
Overview
- 2 Units
Building Details
- 1 Vacant Unit
- Gross Income $32,340
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,045 | $77,260 | $36,270 | $40,990 |
| 2024 | $3,045 | $77,260 | $36,270 | $40,990 |
| 2023 | $2,960 | $77,260 | $36,270 | $40,990 |
| 2022 | $2,882 | $77,260 | $36,270 | $40,990 |
| 2021 | $2,860 | $77,260 | $36,270 | $40,990 |
| 2020 | $2,814 | $77,260 | $36,270 | $40,990 |
| 2019 | $2,779 | $77,260 | $36,270 | $40,990 |
| 2018 | $2,779 | $77,260 | $36,270 | $40,990 |
| 2017 | $2,707 | $77,260 | $36,270 | $40,990 |
| 2016 | $2,677 | $77,260 | $36,270 | $40,990 |
| 2015 | $2,677 | $77,260 | $36,270 | $40,990 |
| 2014 | $2,607 | $77,260 | $36,270 | $40,990 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Pending | -- | -- | -- |
| 07/18/2025 07/18/25 | For Sale | $329,900 | +88.5% | $199 / Sq Ft |
| 12/23/2016 12/23/16 | Sold | $175,000 | -19.5% | $105 / Sq Ft |
| 10/02/2016 10/02/16 | Pending | -- | -- | -- |
| 05/27/2016 05/27/16 | For Sale | $217,300 | -- | $131 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $175,000 | None Available | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $196,000 | New Conventional | |
| Closed | $131,250 | New Conventional | |
| Previous Owner | $173,934 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $168,000 | No Value Available | |
| Previous Owner | $100,000 | No Value Available |
Source: Bright MLS
MLS Number: PAMC2147740
APN: 02-00-04620-004
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