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!
Sold
$300,000
1016 W Main St, Norristown, PA 19401
4beds
3baths
2,662sqft
Triplex
Built in 1900
-- sqft lot
$354,800 Zestimate®
$113/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: August 28, 2023 at 05:01pm
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#: PAMC2073802

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
Services availability

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