Welcome to 601 W Main St - a mixed-use building located in rapidly developing, red hot Downtown Norristown. Get in now and take advantage of this economic change. This large corner building currently features 4 efficiency apartments, a former dental office, a large attic space (could be a 2 bedroom or large 1 bedroom unit) and detached garage. All 4 apartments are occupied and tenants would prefer to stay if possible (3 are on a month to month basis). The detached garage is currently rented at $125/month. All the leases are below current market values. Currently the owner pays heat, water and sewer. If the office is rented as is, the building would be operating at an estimated 9% cap rate, with room for increased rents or potential conversation of office to residential. Great return in this market!! The office space has been fully rewired and does have AC. The boiler for the building is brand new (2023) and the chimney was recently certified. Two of the apartments have their own entrances. Don't hesitate on this cash cow with considerable future potential. A welcome addition to any Investment Portfolio.
Sold for $385,000
$385,000
601 W Main St, Norristown, PA 19401
4beds
--baths
3,038sqft
Quadruplex
Built in 1900
-- sqft lot
$536,800 Zestimate®
$127/sqft
$1,957 Estimated rent
Home value
$536,800
$472,000 - $617,000
$1,957/mo
Zestimate® history
Owner options
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$1,957/mo
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$1,957/mo
Rent Zestimate®
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$2,467/mo
Est. payment
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$2,467/mo
Est. payment
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List your homeWhat's special
Detached garageLarge attic spaceLarge corner buildingFully rewiredW main st
Zillow last checked:
Listing updated:
Listed by:
Bill Howlett 610-828-6300,
RE/MAX Ready
Bought with:
Kevin Gilmore, RS331062
RE/MAX Centre Realtors
Source: Bright MLS,MLS#: PAMC2064220
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Radiator, Natural Gas
Cooling
- Central Air, Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Additional Stairway, Efficiency, Spiral Staircase
- Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet, Wood
- Has fireplace: No
Interior area
- Total structure area: 3,038
- Total interior livable area: 3,038 sqft
Property
Parking
- Total spaces: 2
- Parking features: Storage, Covered, Public, On Street, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Sidewalks
- Pool features: None
- Frontage type: Road Frontage
Lot
- Size: 5,520 sqft
- Dimensions: 31.00 x 0.00
- Features: Corner Lot, Premium
Details
- Additional structures: Above Grade
- Parcel number: 130023024003
- Zoning: MS-MU
- Zoning description: 1160 Mix: Res/Comm Non-Conforming Mixed Res/Comm
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Traditional,Colonial
- Property subtype: Quadruplex
Materials
- Stucco, Masonry, Frame, Brick
- Foundation: Slab, Block, Stone
- Roof: Shingle
Condition
- Very Good,Good,Average,Below Average
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Phone
Community & neighborhood
Location
- Region: Norristown
- Municipality: NORRISTOWN BORO
HOA & financial
Other financial information
- Total actual rent: 36900
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals, Parking, Other
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2023 | Sold | $385,000-6.1%$127/sqft |
Source:  Bright MLS #PAMC2064220 Report a problem | ||
| 4/11/2023 | Pending sale | $410,000$135/sqft |
Source: Bright MLS #PAMC2064220 Report a problem | ||
| 3/13/2023 | Price change | $410,000-3.5%$135/sqft |
Source: Bright MLS #PAMC2064220 Report a problem | ||
| 2/18/2023 | Listed for sale | $425,000$140/sqft |
Source: Bright MLS #PAMC2064220 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,135 +1.3% | $115,760 |
| 2024 | $7,041 | $115,760 |
| 2023 | $7,041 +2.2% | $115,760 |
| 2022 | $6,890 +2.2% | $115,760 |
| 2021 | $6,739 +2.5% | $115,760 |
| 2020 | $6,574 +2.4% | $115,760 |
| 2019 | $6,421 +8.9% | $115,760 |
| 2018 | $5,896 +0.8% | $115,760 |
| 2017 | $5,851 +2.5% | $115,760 |
| 2016 | $5,711 +1.9% | $115,760 |
| 2015 | $5,606 | $115,760 |
Find assessor info on the county website
Neighborhood: West End
Nearby schools
GreatSchools rating
- 6/10Davenport Elementary SchoolGrades: 1-4Distance: 0.6 mi
- 4/10Blockson Middle SchoolGrades: 5-8Distance: 0.6 mi
- 2/10Norristown Area High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- High: Norristown
- 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
$536,800
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
$536,800
- Pennsylvania
- Montgomery County
- Norristown
- 19401
- West End
- 601 W Main St
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