326 Cherry Street is prime for long term appreciation. This turnkey duplex sits just one block from the $415 million Montgomery County Justice Center project at the heart of Norristown's revitalization effort. Unit 1 is a one bedroom apartment with plenty of light. Upstairs, Unit 2 is a bi-level 2 bedroom with a massive living room, dining room and 2 upstairs bedrooms. Both units have access to a shared backyard. The property has undergone significant repairs in recent months, including upgrades to the electrical system, plumbing and the addition of a window in the first floor bedroom to comply with Norristown 's new fire safety standards. Unit 2 was recently turned over and is ready for a new tenant. Market rent for this unit is $1500 and a long term tenant downstairs pays $985. Pro forma rent: $2,485. The 1% rule is in full effect here making 326 Cherry n excellent addition to any investor's portfolio. Schedule your showing today.
Sold for $225,000
$225,000
326 Cherry St, Norristown, PA 19401
3beds
1baths
1,896sqft
Townhouse
Built in 1850
-- sqft lot
$270,300 Zestimate®
$119/sqft
$1,957 Estimated rent
Home value
$270,300
$238,000 - $305,000
$1,957/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ryan McLaughlin 215-498-4379,
KW Empower
Bought with:
Dave Sawyer, RS319275
Homestarr Realty
Source: Bright MLS,MLS#: PAMC2105268
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Luxury Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,896
- Total interior livable area: 1,896 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 976 Square Feet
- Dimensions: 16.00 x 0.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130007600001
- Zoning: TC
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Stone
- Roof: Flat
Condition
- Average
- New construction: No
- Year built: 1850
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Electricity Available
Community & HOA
Community
- Subdivision: Norristown
Location
- Region: Norristown
- Municipality: NORRISTOWN BORO
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $41,230
- Annual tax amount: $2,541
- Date on market: 5/21/2024
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2024 | Sold | $225,000-2.2%$119/sqft |
Source:  Bright MLS #PAMC2105268 Report a problem | ||
| 6/22/2024 | Pending sale | $230,000$121/sqft |
Source: Bright MLS #PAMC2105268 Report a problem | ||
| 6/19/2024 | Price change | $230,000-6.1%$121/sqft |
Source: Bright MLS #PAMC2105268 Report a problem | ||
| 5/21/2024 | Listed for sale | $245,000+25.6%$129/sqft |
Source: Bright MLS #PAMC2105268 Report a problem | ||
| 12/5/2023 | Listing removed | -- |
Source: Bright MLS #PAMC2082782 Report a problem | ||
| 11/21/2023 | Pending sale | $195,000$103/sqft |
Source: Bright MLS #PAMC2082782 Report a problem | ||
| 11/8/2023 | Contingent | $195,000$103/sqft |
Source: Bright MLS #PAMC2082782 Report a problem | ||
| 9/21/2023 | Pending sale | $195,000$103/sqft |
Source: Bright MLS #PAMC2082782 Report a problem | ||
| 9/5/2023 | Listed for sale | $195,000+78.9%$103/sqft |
Source: Bright MLS #PAMC2082782 Report a problem | ||
| 5/26/2018 | Sold | $109,000-4.4%$57/sqft |
Source: Public Record Report a problem | ||
| 3/19/2018 | Price change | $114,000-0.4%$60/sqft |
Source: Aarch Realty #1004240119 Report a problem | ||
| 1/16/2018 | Price change | $114,500-0.4%$60/sqft |
Source: Aarch Realty #1004240119 Report a problem | ||
| 1/2/2018 | Price change | $115,000-7.6%$61/sqft |
Source: Aarch Realty #1004240119 Report a problem | ||
| 12/20/2017 | Price change | $124,500-0.4%$66/sqft |
Source: Aarch Realty #1004240119 Report a problem | ||
| 11/29/2017 | Listed for sale | $125,000$66/sqft |
Source: Aarch Realty #1004240119 Report a problem | ||
| 9/18/2017 | Listing removed | $125,000$66/sqft |
Source: Aarch Realty #6962484 Report a problem | ||
| 9/1/2017 | Listed for sale | $125,000$66/sqft |
Source: Aarch Realty #6962484 Report a problem | ||
| 9/1/2017 | Pending sale | $125,000$66/sqft |
Source: Aarch Realty #6962484 Report a problem | ||
| 7/15/2017 | Price change | $125,000-3.8%$66/sqft |
Source: ERA Aarch #6962484 Report a problem | ||
| 6/14/2017 | Price change | $130,000-3.7%$69/sqft |
Source: ERA Aarch #6962484 Report a problem | ||
| 4/13/2017 | Listed for sale | $135,000+558.5%$71/sqft |
Source: ERA Aarch #6962484 Report a problem | ||
| 7/22/2015 | Sold | $20,500-26.8%$11/sqft |
Source: Public Record Report a problem | ||
| 7/1/2015 | Pending sale | $28,000$15/sqft |
Source: Homepath #6548310 Report a problem | ||
| 6/11/2015 | Price change | $28,000-16.2%$15/sqft |
Source: Homepath #6548310 Report a problem | ||
| 5/13/2015 | Price change | $33,400-4.6%$18/sqft |
Source: Homepath #6548310 Report a problem | ||
| 4/10/2015 | Listed for sale | $35,000$18/sqft |
Source: Century 21 Chapel Realty- PA #6548310 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,541 +1.3% | $41,230 |
| 2024 | $2,508 | $41,230 |
| 2023 | $2,508 +2.2% | $41,230 |
| 2022 | $2,454 +2.2% | $41,230 |
| 2021 | $2,400 +2.5% | $41,230 |
| 2020 | $2,342 +2.4% | $41,230 |
| 2019 | $2,287 +8.9% | $41,230 |
| 2018 | $2,101 +0.8% | $41,230 |
| 2017 | $2,085 +2.5% | $41,230 |
| 2016 | $2,035 +1.9% | $41,230 |
| 2015 | $1,997 +2.5% | $41,230 |
| 2014 | $1,949 +1.8% | $41,230 |
| 2013 | $1,915 +2.3% | $41,230 |
| 2012 | $1,872 +5.8% | $41,230 |
| 2011 | $1,770 +2.9% | $41,230 |
| 2010 | $1,720 | $41,230 |
| 2009 | $1,720 +2.6% | $41,230 |
| 2008 | $1,676 +3.5% | -- |
| 2007 | $1,619 +2% | -- |
| 2006 | $1,588 +3% | -- |
| 2005 | $1,541 +4.3% | -- |
| 2004 | $1,477 +18.4% | -- |
| 2003 | $1,247 +6.6% | -- |
| 2002 | $1,170 +1.8% | -- |
| 2000 | $1,149 +13.9% | -- |
| 1999 | $1,009 | -- |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 3/10Whitehall El SchoolGrades: K-4Distance: 2.1 mi
- 7/10East Norriton Middle SchoolGrades: 5-8Distance: 2.9 mi
- 2/10Norristown Area High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- 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
$270,300
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Estimated market value
$270,300
- Pennsylvania
- Montgomery County
- Norristown
- 19401
- Downtown
- 326 Cherry St
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