Check out this solid, fully occupied triplex on Cherry street in Norristown! Set up with two 1 bedroom 1 bath units, one 3 bedroom 3 bath unit. Annual taxes under 4k per year. The units have been refreshed and remodeled in 2021. Current rents for the building are $3795 per month ($43,620 annually). Professional property management is in place. Tenants pay their own utilities and a flat monthly fee for water. The building includes 3 car off street parking in the rear alleyway parking lot. All 3 water heaters were recently replaced in the fall of 2024. In unit heat is electric so tenants can control their own heat and pay their own bill! The building is located across a short walk to the Montgomery County courthouse and Norristown Transportation Center and convenient access to all commuter routes 202, 76, 422 and 476. Buyer is responsible for U&O. Schedule your tour of this great investment opportunity!
Sold for $395,000
$395,000
515 Cherry St, Norristown, PA 19401
5beds
5baths
2,664sqft
Townhouse
Built in 1900
-- sqft lot
$407,700 Zestimate®
$148/sqft
$1,946 Estimated rent
Home value
$407,700
$363,000 - $453,000
$1,946/mo
Zestimate® history
Owner options
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$1,946/mo
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$1,946/mo
Rent Zestimate®
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$2,558/mo
Est. payment
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$2,558/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
John Knisely 484-441-3075,
Keller Williams Real Estate - Media
Bought with:
Gretchen Apps, 00200949
RE/MAX Excellence - Kennett Square
Source: Bright MLS,MLS#: PAMC2126102
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Exterior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,664
- Total interior livable area: 2,664 sqft
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Alley Access, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,340 sqft
- Dimensions: 33.00 x 0.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130008040002
- Zoning: R2 RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Stone
- Roof: Shingle,Flat
Condition
- New construction: No
- Year built: 1900
- Major remodel year: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Norristown
- Municipality: NORRISTOWN BORO
HOA & financial
Other financial information
- Total actual rent: 43620
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2025 | Sold | $395,000$148/sqft |
Source:  Bright MLS #PAMC2126102 Report a problem | ||
| 2/10/2025 | Pending sale | $395,000$148/sqft |
Source: Bright MLS #PAMC2126102 Report a problem | ||
| 1/10/2025 | Contingent | $395,000$148/sqft |
Source: Bright MLS #PAMC2126102 Report a problem | ||
| 1/3/2025 | Listed for sale | $395,000+139.4%$148/sqft |
Source: Bright MLS #PAMC2126102 Report a problem | ||
| 3/18/2021 | Sold | $165,000$62/sqft |
Source: Public Record Report a problem | ||
| 6/4/2007 | Sold | $165,000+312.5%$62/sqft |
Source: Public Record Report a problem | ||
| 10/24/1997 | Sold | $40,000$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,551 +1.3% | $57,620 |
| 2024 | $3,505 | $57,620 |
| 2023 | $3,505 +2.2% | $57,620 |
| 2022 | $3,429 +2.2% | $57,620 |
| 2021 | $3,354 +2.5% | $57,620 |
| 2020 | $3,272 +2.4% | $57,620 |
| 2019 | $3,195 +8.9% | $57,620 |
| 2018 | $2,934 +0.8% | $57,620 |
| 2017 | $2,912 +2.4% | $57,620 |
| 2016 | $2,843 +1.9% | $57,620 |
| 2015 | $2,791 +2.5% | $57,620 |
| 2014 | $2,723 +1.8% | $57,620 |
| 2013 | $2,675 +2.3% | $57,620 |
| 2012 | $2,616 +5.7% | $57,620 |
| 2011 | $2,474 +3% | $57,620 |
| 2010 | $2,403 | $57,620 |
| 2009 | $2,403 +2.6% | $57,620 |
| 2008 | $2,343 +3.5% | -- |
| 2007 | $2,263 +2% | -- |
| 2006 | $2,219 +3.1% | -- |
| 2005 | $2,153 +4.3% | -- |
| 2004 | $2,064 +18.5% | -- |
| 2003 | $1,742 +6.5% | -- |
| 2002 | $1,635 +1.7% | -- |
| 2000 | $1,607 +13.9% | -- |
| 1999 | $1,411 | -- |
Find assessor info on the county website
Neighborhood: West End
Nearby schools
GreatSchools rating
- 6/10Davenport Elementary SchoolGrades: 1-4Distance: 0.2 mi
- 5/10Eisenhower Middle SchoolGrades: 5-8Distance: 1.1 mi
- 2/10Norristown Area High SchoolGrades: 9-12Distance: 2.3 mi
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
$407,700
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
$407,700
- Pennsylvania
- Montgomery County
- Norristown
- 19401
- West End
- 515 Cherry St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Norristown Topics
