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423-425 Dekalb Street Norristown, PA $ 995,000
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$ 995,000 Get more info
423-425 Dekalb Street
$ 995,000
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Share Save

423-425 Dekalb Street

Norristown, PA, 19401
$ 995,000
Bedrooms-- Baths-- Sq 8,507

Monthly Estimate*

$ 6,208

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Commercial Property for sale in Norristown, PA

for $995,000. This 8,507 square foot building was built in 1920 on a lot size of 0.05.

***Price Reduction!***Unlock a premier investment at 423425 DeKalb St.a fully renovated, 8,507 SF mixed-use property. Modernized in 2019-2020, this turnkey asset features TWO THRIVING COMMERCIAL SPACES (Home Care Service Office and Beauty Salon) alongside FOUR FULLY REMODELED UPSCALE APARTMENTS (three 2BR/1BA, one 3BR/2BA), all equipped with stainless steel appliances, hardwood floors, new kitchens/baths, in-unit washer dryers and new HVAC systems. With $111,066 in current gross rent and a potential $121,596 at market rates, this 100% occupied property offers immediate cash flow and minimal upkeep, making it a low-risk, high-reward opportunity. Nestled in Norristowns revitalizing downtown, this property is steps from game-changing developments: the $400M Montgomery County Justice Center, the $31M MM Partners project and much more! Positioned at the heart of Norristowns renaissance, this property promises both stability and future value. Dont miss your chance to invest in a flourishing market. Schedule your tour and secure this exceptional opportunity today!

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Commercial Pending

Price

$ 995,000

Property Type

Commercial

Taxes

$ 10,188

Style

Apartment Building,Hair Salon and Spa,/General Ret

Lot Size

0.05

Year Built

1920

Town/City

Norristown

County/Region

Montgomery

MLS | Web ID

PAMC2133236
Features
Interior
Heating Fuel Electric Natural Gas
Hot Water Natural Gas Electric
Total Stories 3
Heating Y/N Y
Central Air Y/N Y
Number of Elevators 0
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning MIXED USE
Construction Materials Brick
Year Built 1920
Property Subtype Mixed Use
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality NORRISTOWN BORO
Gross Income 114154.00
Business Type Apartment Building Hair Salon and Spa Other/General Retail
Accessibility None
County MONTGOMERY
Net Operating Income 65351.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status PENDING
Directions Travel East on main. Left on Dekalb (202)
City NORRISTOWN
Number Of Units Total 6
MLS Area Norristown Boro (10613)
Lot Size Units Square Feet
Lot Size Square Feet 2251.00
Tax Annual Amount 10188.0
Acceptable Financing Cash Conventional Seller Financing Other
Vacation Rental Y/N N
Standard Status Pending
Year Built Source Assessor
Tax Lot 045
Cap Rate 6.00
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 44.00 x 0.00
Lot Size Acres 0.05
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 423
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* Excluded Features
List By
Iron Valley Real Estate Doylestown

Broker

steve@steveammon.com

Email

Affordability Calculator

$7,057
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,208
Monthly Property Taxes
$849
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/9/2025$995,000 -8.72% Price Down
3/20/2025$1,090,000 Listed Price

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423-425 Dekalb Street, Norristown, PA, 19401 is a Commercial Property for sale at $995,000 with 8,507 sqft and a lot size of 0.05. 423-425 Dekalb Street was built in 1920. The property's zip code is 19401 which is in Norristown, PA

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