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Sold for $300,000
  • $300,000

    1016 W Main St, Norristown, PA 19401

    4beds
    3baths
    2,662sqft
    Triplex
    Built in 1900
    -- sqft lot
    $354,100 Zestimate®
    $113/sqft
    $1,566 Estimated rent

    Home value

    $354,100

    $326,000 - $386,000

    $1,566/mo

    Zestimate® history
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    $1,943/mo

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    What's special

    Excellent Investment Opportunity for a three-unit property for sale! Unlock the potential for lucrative returns with this incredible investment property that’s now available in Norristown for sale. Ideal for seasoned investors or first-time buyers looking to generate passive income, this property offers a secure and promising investment opportunity. With all the units rented out, you can maximize your earning potential and build long-term wealth. Don’t miss out on this chance to add a valuable asset to your portfolio! Leverage the rental market demand and benefit from multiple streams of passive income. There is a versatile unit configuration, each unit within this property offers its own unique configuration, providing flexibility to suit different rental preferences and market needs. The diverse layout caters to a wide range of potential tenants. The first floor one bedroom unit is rented for $1,000.00 per month and the tenant’s lease expires September 15th, 2023. The second floor unit is a 2 bedroom unit and rents for $1,000.00 and the lease expires on Currently a long-term tenant on the third floor and rent is $700.00, the lease expires May 31, 2024. Invest with confidence knowing that real estate remains a stable and secure investment option. Diversify your portfolio and hedge against market volatility with a tangible asset that has the potential for long-term growth and income stability. Seize the chance!

    Zillow last checked:

    Listing updated:

    Listed by:

    Connie Brady 610-633-5908,

    RE/MAX Central - Blue Bell

    Bought with:

    Mike Coleman, RS310859

    Keller Williams Realty Devon-Wayne

    Source: Bright MLS,MLS#: PAMC2073802MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Basement
    • Area: 0
    Heating
    • Radiator, Oil
    Cooling
    • None
    Appliances
    • Included: Water Heater
    Features
    • Basement: Concrete
    • Has fireplace: No
    Interior area
    • Total structure area: 2,662
    • Total interior livable area: 2,662 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 4,000 sqft
    • Dimensions: 20.00 x 0.00
    • Features: Level
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 130022764002
    • Zoning: RO
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Triplex
    Materials
    • Brick
    • Foundation: Stone
    • Roof: Pitched
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Norristown
    • Subdivision: Norristown
    • Municipality: NORRISTOWN BORO

    HOA & financial

    Other financial information
    • Total actual rent: 32400

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Apartment Rentals
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/28/2023Sold$300,000-7.7%$113/sqft
    Source: Bright MLS #PAMC2073802 Report a problem
    7/29/2023Pending sale$325,000$122/sqft
    Source: Bright MLS #PAMC2073802 Report a problem
    6/23/2023Contingent$325,000$122/sqft
    Source: Bright MLS #PAMC2073802 Report a problem
    6/5/2023Listed for sale$325,000+75.7%$122/sqft
    Source: Bright MLS #PAMC2073802 Report a problem
    4/7/2016Listing removed$800
    Source: RE/MAX Legacy Report a problem
    3/1/2016Listed for rent$800
    Source: RE/MAX LEGACY #6738998 Report a problem
    4/17/2015Listing removed$185,000$69/sqft
    Source: RE/MAX Legacy #6467970 Report a problem
    11/2/2014Price change$185,000-7.5%$69/sqft
    Source: RE/MAX Legacy #6467970 Report a problem
    10/7/2014Listed for sale$200,000-6.1%$75/sqft
    Source: RE/MAX LEGACY #6467970 Report a problem
    9/21/2005Sold$213,000+431.8%$80/sqft
    Source: Public Record Report a problem
    1/16/1996Sold$40,050+3101.4%$15/sqft
    Source: Public Record Report a problem
    4/26/1995Sold$1,251
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,719 +1.3%$76,560
    2024$4,657 $76,560
    2023$4,657 +2.2%$76,560
    2022$4,557 +2.2%$76,560
    2021$4,457 +2.5%$76,560
    2020$4,349 +2.4%$76,560
    2019$4,247 +8.9%$76,560
    2018$3,900 +0.8%$76,560
    2017$3,870 +2.5%$76,560
    2016$3,777 +1.9%$76,560
    2015$3,707 +2.5%$76,560
    2014$3,617 +1.8%$76,560
    2013$3,554 +2.3%$76,560
    2012$3,475 +5.7%$76,560
    2011$3,287 +2.9%$76,560
    2010$3,194 $76,560
    2009$3,194 +2.6%$76,560
    2008$3,113 +3.6%--
    2007$3,006 +1.9%--
    2006$2,949 +3%--
    2005$2,862 +4.3%--
    2004$2,743 +18.4%--
    2003$2,316 +6.5%--
    2002$2,174 +1.8%--
    2000$2,135 +13.9%--
    1999$1,874 --

    Find assessor info on the county website

    Neighborhood: West End

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Norristown Area
    • District: Norristown Area

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $354,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $354,100