201 E Chestnut Street, Norristown, PA 19401 $650,000

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# of Units: 2
Interior Sq. Ft: 2,272
Acreage: 0.04
Age:125 years
Taxes: $4,025
MLS#: PAMC2108650
Design/Type:
Other

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 7.2%

Taxes: $4,025
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: Norristown Area
Elem. School: Hancock Mid. School: Eisenhower High School: Norristown Area

Features

Utilities
Radiator Heating, Steam Heating, Electric, Natural Gas, Other, None, None, Hot Water - Natural Gas, Public Water, Public Sewer, 60 Amp Service, Circuit Breakers, Cable TV Available

Garage/Parking
On Street

Interior
Ceiling Fan(s), Full Basement, Unfinished Basement, Fully Carpeted Flooring, Tile/Brick Flooring, Vinyl Flooring, Replacement Windows

Exterior
Brick/Mortar Foundation, Stone Foundation, Flat Roof, Brick Exterior, Stucco Exterior, Sidewalks, Street Lights

Lot
Corner Lot/Unit

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (25 schools)

School District Grades Place Distance
Gotwals Elementary School Norristown Area School District 1–4 Norristown 0.19 mi
Hancock Elementary School Norristown Area School District 1–4 Norristown 0.66 mi
Ray S. Musselman Learning Center Norristown Area School District K Norristown 0.88 mi
Bridgeport Elementary School Upper Merion Area School District K–4 Bridgeport 1.26 mi
Marshall Street Elementary School Norristown Area School District K–4 Norristown 1.48 mi
Cole Manor Elementary School Norristown Area School District K–4 Norristown 1.53 mi
Whitehall Elementary School Norristown Area School District K–4 Norristown 2.18 mi
Candlebrook Elementary School Upper Merion Area School District K–4 King of Prussia 2.27 mi
Plymouth Elementary School Colonial School District K–3 Plymouth Meeting 2.31 mi
Caley Elementary School Upper Merion Area School District K–4 King of Prussia 2.72 mi
Gulph Elementary School Upper Merion Area School District K–4 King of Prussia 2.74 mi
Ridge Park Elementary School Colonial School District K–3 Conshohocken 2.91 mi
Paul V Fly Elementary School Norristown Area School District K–4 Norristown 3 mi
Conshohocken Elementary School Colonial School District K–3 Conshohocken 3.49 mi
Stony Creek Elementary School Wissahickon School District K–5 Blue Bell 3.65 mi
Woodland Elementary School Methacton School District K–4 Norristown 3.77 mi
Roberts Elementary School Upper Merion Area School District K–4 Wayne 3.86 mi
Colonial Elementary School Colonial School District 4–5 Plymouth Meeting 3.97 mi
Pennsylvania Virtual Charter School Pennsylvania Virtual Charter School K–12 King of Prussia 4.06 mi
Agora Cyber Charter School Agora Cyber Charter School K–12 King of Prussia 4.19 mi
Blue Bell Elementary School Wissahickon School District K–5 Blue Bell 4.53 mi
Whitemarsh Elementary School Colonial School District K–3 Lafayette Hill 4.67 mi
Eagleville Elementary School Methacton School District K–4 Eagleville 4.79 mi
Shady Grove Elementary School Wissahickon School District K–5 Ambler 4.91 mi
Radnor Elementary School Radnor Township School District K–5 Radnor 4.94 mi

Public Middle (9 schools)

School District Grades Place Distance
Eisenhower Middle School Norristown Area School District 5–8 Norristown 0.93 mi
Stewart Middle School Norristown Area School District 5–8 Norristown 1.22 mi
Colonial Middle School Colonial School District 6–8 Plymouth Meeting 1.77 mi
Upper Merion Middle School Upper Merion Area School District 5–8 King of Prussia 2.6 mi
East Norriton Middle School Norristown Area School District 5–8 Norristown 2.7 mi
Pennsylvania Virtual Charter School Pennsylvania Virtual Charter School K–12 King of Prussia 4.06 mi
Agora Cyber Charter School Agora Cyber Charter School K–12 King of Prussia 4.19 mi
Black Rock Middle School Lower Merion School District 5–8 Villanova 4.74 mi
Skyview Upper Elementary School Methacton School District 5–6 Eagleville 4.99 mi

Public High (7 schools)

School District Grades Place Distance
Roosevelt Campus of the Norristown Area Norristown Area School District 9–12 Norristown 0.53 mi
Central Montco Technical High School Central Montco Technical High School 9–12 Plymouth Meeting 1.44 mi
Norristown Area High School Norristown Area School District 9–12 Norristown 2.37 mi
Upper Merion High School Upper Merion Area School District 9–12 King of Prussia 2.64 mi
Plymouth-Whitemarsh Senior High School Colonial School District 9–12 Plymouth Meeting 3.84 mi
Pennsylvania Virtual Charter School Pennsylvania Virtual Charter School K–12 King of Prussia 4.06 mi
Agora Cyber Charter School Agora Cyber Charter School K–12 King of Prussia 4.19 mi

Private (30 schools)

School Grades Place Distance
Capstone Academy Nonsectarian Ungraded East Norriton 1.27 mi
Jeffersonville Country Day School Nonsectarian Preschool–K Norristown 1.93 mi
Kindercare Learning Center Nonsectarian Preschool–K King Of Prussia 2 mi
Bright Horizons At King Of Prussia Nonsectarian Preschool–K King Of Prussia 2.08 mi
Magic Moments For Children Nonsectarian Preschool–K Jeffersonville 2.15 mi
Penn Christian Academy Christian (no specific denomination) Preschool–9 East Norriton 2.16 mi
Kindercare Learning Center Nonsectarian K East Norriton 2.39 mi
For Kids Sake LLC Nonsectarian K King Of Prussia 2.74 mi
The Pathway School Nonsectarian 2–12 Norristown 2.81 mi
Goddard School Nonsectarian K King Of Prussia 3.03 mi
Visitation Bvm School Roman Catholic Preschool–8 Trooper 3.16 mi
Mother Teresa Regional Catholic School Roman Catholic Preschool–8 King Of Prussia 3.17 mi
Trinity Nursery & Kindergarten Nonsectarian Preschool–K King Of Prussia 3.2 mi
Plymouth Meeting Friends School Friends Preschool–6 Plymouth Meeting 3.27 mi
Short Stuff And County Inc Nonsectarian Preschool–K Norristown 3.33 mi
Holy Rosary Regional Roman Catholic Preschool–8 Plymouth Meeting 3.35 mi
St Helena School Roman Catholic Preschool–8 Blue Bell 3.41 mi
Martin Luther School Nonsectarian K–8 Plymouth Meeting 3.44 mi
Centre Square Academy Nonsectarian 1–4 Blue Bell 4.39 mi
Centre Square Montessori Schoolhouse Nonsectarian Preschool–K Blue Bell 4.39 mi
Tlc Leadership Academy Nonsectarian 8–12 Audubon 4.49 mi
Ysc Academy Nonsectarian 7–12 Wayne 4.56 mi
Whitemarsh Montessori Childrens House Nonsectarian Preschool–K Blue Bell 4.63 mi
St Philip Neri Roman Catholic Preschool–8 Lafayette Hill 4.66 mi
Villanova Academy For Honor Studies Islamic Preschool–6 Villanova 4.79 mi
Valley Forge Military Academy Nonsectarian 7–12 Wayne 4.95 mi
Archbishop Carroll High School Roman Catholic 9–12 Malvern 4.95 mi
Archbishop John Carroll High School Roman Catholic 9–12 Radnor 4.95 mi
The Grayson School Nonsectarian Preschool–12 Radnor 4.95 mi
St Katherine Day School -Upper Roman Catholic K–12 Radnor 4.95 mi

© 2024 LiveBy. All Rights Reserved.

This report is a detailed community overview for Norristown (19401), Pennsylvania.

Community Quick Facts

  • Average travel time to work for people in this community: 27
  • Average salary of people in this community: $46,885

Community Summary

  • Population Density (ppl / mile): 6,839
  • Household Size (ppl): 2.48
  • Households w/ Children: 60%

Housing Inventory

  • Owned: 7,150 (38.5%)
  • Rented: 9,259 (49.9%)
  • Vacant: 2,161 (11.6%)
  • Total: 18,570

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 41,897
Households: 16,409
Median Age: 35.20

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 6.7%
  • Some High School: 10.5%
  • High School Graduate: 34.1%
  • Some College: 15.3%
  • Associate Degree: 6.2%
  • Bachelor's Degree: 16.3%
  • Graduate Degree: 10.9%

Income by dollar range

Median Income: $53,696

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

  • Studio: $909
  • One Bedroom: $913
  • Two Bedroom: $1,208
  • Three Bedroom: $1,241
  • Four Bedroom: $1,569

© 2024 LiveBy. All Rights Reserved.

Contact Information

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Listing Courtesy of: BHHS Fox & Roach Wayne-Devon , (610) 651-2700

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/24/2024.

201 E Chestnut Street, Norristown, PA 19401

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Broker Compensation

An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.