Offer Deadline set for 2pm, Thursday January 19. Entrepreneur Alert! Here's an amazing opportunity for the savvy buyer. This is a perfect property for both the entrepreneur who uses Unit A as his/her office, lives in unit B, and uses unit C for their warehouse or, the investor who is looking for a building that actually cashflows in this high interest rate environment. (see attached estimated cash flow sheet.) Unit A consists of a 574 Sq ft space that would make a fantastic office, studio, meeting center etc.. Unit B consists of a large 3 bed 1 bath apartment. Unit C consists of a 380 Sq. ft garage/shop with a garage door, electric and a toilet/wash area. Pictures of Unit B will be uploaded next week. Seller has previously rented unit A for $1,000, Unit C for $400, and the current rent for Unit B is $1,300. Each unit has their own electric meter, and heating system.
Sold for $225,000 on 02/20/23
$225,000
401 Walnut St, Norristown, PA 19401
4beds
--baths
2,950sqft
Multi Family
Built in 1874
-- sqft lot
$333,600 Zestimate®
$76/sqft
$2,221 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 15, 2023 at 09:54am
Listed by:
Chris Good 717-821-1610,
Keller Williams Elite,
Co-Listing Team: Esh & Associates, Co-Listing Agent: Benuel Esh 717-344-4480,
Keller Williams Elite
Bought with:
Jim Israel, 2549478
Compass RE
Source: Bright MLS,MLS#: PAMC2061308

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Heat Pump, Electric
Cooling
- Ductless, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,950
- Total interior livable area: 2,950 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Pool features: None
Lot
- Size: 1,235 sqft
- Dimensions: 16.00 x 0.00
Details
- Additional structures: Above Grade
- Parcel number: 130037560002
- Zoning: NEIGHBORHOOD COMMERCIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Other
Condition
- New construction: No
- Year built: 1874
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available
Community & neighborhood
Location
- Region: Norristown
- Municipality: NORRISTOWN BORO
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Services availability

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