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358 Prospect, 
Bridgeport, PA 19405

$329,900


2

Beds


Bath


1,661

Sq Ft


Multi-Family

Pending

Listed by

Toma Holovatskyy

RE/MAX Plus

Last updated:

August 1, 2025, 07:21 AM

MLS#

PAMC2147740

Source:

BRIGHTMLS

About This Home

358 Prospect

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!

Home Facts

Multi-Family

2 Bedrooms

Built in 1900

Price Summary

329,900

$198 per Sq. Ft.

MLS #:

PAMC2147740

Last Updated:

August 1, 2025, 07:21 AM

Added:

19 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2


Structure

Structure

Building Area:

1,661 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

2,613


Finances & Disclosures

Finances

Price:

$329,900

Price per Sq. Ft:

$198 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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