201 East Chestnut Street

Norristown, PA 19401

$650,000
Price
8
Beds
5
Baths
2,272 Sq. Ft.
$286 / Sq. Ft.
2,272
Sq. Ft.
$286
per Sq. Ft.

Description

Don't miss out on this excellent opportunity to own a 5-unit investment property with tons of original detail. The property consists of a 4 unit newly painted building and an attached house on one tax parcel. It's fully leased with current monthly income of $5080.00. Property is conveniently located only blocks from shopping, schools, parks, houses of worship, and transportation. 4 units have updated kitchens and bathrooms, including counter tops, flooring, cabinets and back splashes. CAP rate equals...Don't miss out on this excellent opportunity to own a 5-unit investment property with tons of original detail. The property consists of a 4 unit newly painted building and an attached house on one tax parcel. It's fully leased with current monthly income of $5080.00. Property is conveniently located only blocks from shopping, schools, parks, houses of worship, and transportation. 4 units have updated kitchens and bathrooms, including counter tops, flooring, cabinets and back splashes. CAP rate equals 7.2%
  1. Listed by Cheryl B Newton • BHHS Fox & Roach Wayne-Devon
    P: (610)-564-1144 cheryl.newton@foxroach.com

Property Details for 201 East Chestnut Street

Tax ID Number
13-00-08652-002
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
06-28-2024
Cross Street
GREEN
LISTING UPDATED: 11/21/2024 07:02 PM

Property Details for 201 East Chestnut Street

StatusActive
MLS #PAMC2108650
Days on Market131
Taxes$4,025 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1899
Lot Size0.04 AC / 1,917 SF
CountyMontgomery County

Building Information for 201 East Chestnut Street

Stories-Residences2Year Built1899Building Size-Lot Size0.04 AC / 1,917 SF

Property Information for 201 East Chestnut Street

Location
Location
  • School District Name: NORRISTOWN AREA
  • School District County ID: 300200397035
  • SchoolDistrictSource: Listing Agent
  • Elementary School: HANCOCK (MONTGOMERY PA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: EISENHOWER (MONTGOMERY PA)
  • MiddleSchoolSource: Listing Agent
  • High School: NORRISTOWN AREA (MONTGOMERY PA)
  • County: MONTGOMERY
  • MLS Area: Norristown Boro (10613)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $65,750
  • Year Assessed: 2024
  • County Tax: $314
  • Improvement Assessed Value: $65,750
  • City Town Tax: $1,134
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 1108
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: R2
  • Tax Lot: 001
  • School Tax: $2,577
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Units Furnished: None
  • Units Leased Count: 5
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 5
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: MONTH TO MONTH
  • Total Rooms: 3
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: SEPT. 30,2016
  • Total Rooms: 4
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: MONTH TO MONTH
  • Total Rooms: 3
Unit 4
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 5
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: SEPT 30,2016
  • Total Rooms: 4
Financial Information
Financial Information
  • Gross Income: $60,960
  • Gross Scheduled Income: $60,960
  • Annual Rental Income: $60,960
  • Cap Rate: 7.80
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 2,272.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Location Type: Corner Lot/Unit
  • Parcel ID: 615132
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Fireplace: No
  • Appliances: Stove, Refrigerator
  • Accessibility Features: None
  • Window Features: Replacement
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Utilities: Cable TV Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Steam, Radiator
  • Heating Fuel: Natural Gas, Electric, Other
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 60 Amp Service, Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 201 East Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 201 East Chestnut Street

Taxable ValueLand-Additions-Total-
Tax Record2023$4,037 ($336 / month)
Home Facts
Baths5Total Finished SqFt2,272 SqFtAbove Grade Finished SqFt2,272 SqFtStories3Lot Size1,917 SqFtStyleMulti-Family Dwelling (2-4)Year Built1899ZoningR2CountyMONTGOMERYAPN13-00-08652-00-2

Schools near 201 East Chestnut Street

This home is within Norristown Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Marshall Street El School
PublicK to 4

East Norriton Middle School
Public5 to 8

Stewart Middle School
Public5 to 8

Norristown Area High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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201 East Chestnut Street is a multi-family home for sale in Norristown, PA 19401. This property was listed for sale on June 28, 2024 by BHHS Fox & Roach Wayne-Devon, it's currently listed at $650,000. It has been on the market for a total of 131 days and was last sold on January 4, 2016. This listing's school district is Norristown Area School District. Nearby schools include Marshall Street El School, East Norriton Middle School and Stewart Middle School. 201 East Chestnut Street is a 8-bed, 5-bath, 2,272 sqft multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Fox & Roach Wayne-Devon

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.