201 E Chestnut Street
Norristown, PA 19401
- – beds
- – baths
- 2,272 sqft
- 1,917 sqft lot
- $264 per sqft
- 1899 build
Don't miss out on this excellent opportunity to own a 5-unit investment property with tons of original detail. The property consists of a 4 unit newly painted building and an attached house on one tax parcel. It's fully leased with current monthly income of $5080.00. Property is conveniently located only blocks from shopping, schools, parks, houses of worship, and transportation. 4 units have updated kitchens and bathrooms, including counter tops, flooring, cabinets and back splashes. CAP rate equals 7.75%
Listing courtesy of BRIGHT / BHHS Fox & Roach Wayne-Devon
Last checked:
Checking…
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Last updated Jan 22, 2025
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MLS# PAMC2108650 —
The Building
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Year Built:1899
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Year Built Source:Estimated
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Roof:Flat
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New Construction:No
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Construction Materials:Stucco, Brick
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Building Units Total:2
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Structure Type:Other
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Historic:No
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Architectural Style:Other
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Window Features:Replacement
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Accessibility Features:None
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Foundation Details:Stone, Brick/Mortar
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Basement:Yes
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Basement Type:Full, Unfinished
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Total SqFt Source:Estimated
Interior
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Interior Features:Ceiling Fan(s)
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Room Count:18
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Flooring Type:Fully Carpeted, Vinyl, Tile/Brick
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2272
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Living Area SqFt:2,272 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional
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Possession:Immediate
Location
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Directions:From Markley St, Take Chestnut Street East to corner of Green St
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Cross Street:GREEN
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Latitude:40.11717000
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Longitude:-75.33877000
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Location Type:Corner Lot/Unit
The Property
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Property Subtype:Other
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Property Type:Multi-Family
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Property Condition:Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Estimated
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Lot SqFt:1,917 Sqft
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Inclusions:5 Stoves, 5 Refrigerators
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Zoning:R2
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:1108
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 564-1144
- Office phone:
- (610) 651-2700
Taxes
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Tax ID Number:13-00-08652-002
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Tax Year:2024
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Tax Lot:001
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Tax Annual Amount:$4,025
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Tax Assessed Value:$65,750
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Year Assessed:2024
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School Tax:2577.0
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County Tax:314.00
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City/Town Tax:1134.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Steam, Radiator
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Heating Fuel:Natural Gas, Electric, Other
Utilities
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Utilities:Cable TV Available
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Sewer/Septic:Public Sewer
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Electric Service:60 Amp Service, Circuit Breakers
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Stove, Refrigerator
Schools
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Elementary School:Hancock
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Middle School:Eisenhower
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High School:NORRISTOWN AREA
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School District Name:Norristown Area
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School District Source:Listing Agent
The Community
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Exterior Features:Sidewalks, Street Lights
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:No
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Cap Rate:7.80
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:5
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:2
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Two Bedroom Units:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/22/25
Jan 22, 2025
|
Price Changed | BRIGHT | $600,000 | -7.7% |
12/18/24
Dec 18, 2024
|
Relisted | BRIGHT | $650,000 | |
12/1/24
Dec 1, 2024
|
Pending | BRIGHT | $650,000 |