111 W Norris Street
Philadelphia, PA, 19122 $ 1,600,000
Bedrooms-- Baths-- Sq 9,000 Monthly Estimate*
$ 9,982
for $1,600,000. This 9,000 square foot building was built in 1940.
Location Location Location! Welcome to 'Patrick Flats', a stunning fully occupied 6 units - legally zoned as 5 residential & 1 live/work - in the heart of Fishtown / Norris Square. The building cash flows beautifully, heck this building Cash Flies!!!!...offering more than $150,000 in annual revenue with room to grow since existing leases below are market rent values!! Or, consider being the Owner & Occupant where you can Live and / or Work in one & enjoy the income from the other 5 units. All are unique, beautiful, large, naturally lit, open space custom lofts with new interior finishes, new roof, new electrical service, upgraded mechanicals, original refinished floors & filled with incredible architectural details & awesome tenants! This incredible opportunity pencils as a great for an investor & for an owner occupant!! Entire building and all units renovated in 2023-24 with Permits and updated to the most current 2018 IBC (International Building Code). All units offer stainless steel appliances, dishwasher, butcher block counters, in unit washer / dryer, central air, gas heat/hot water, along with hydronic radiant heated floors in most units for the most efficient and comfortable conditioned space. Patrick Flats was crafted by Internationally Awarded design-build firm Onion Flats as an adaptive reuse that has become one of the nicest boutique buildings in Philadelphia. Have I mentioned the location??? Walk to everything: Frankford Ave, Berks St SEPTA, ReAnimator Coffee, Stateside, Star Bolt, Evil Genius, Loco Pez, Phila Brewing Co, Honeygrow, Suraya, The International, Kalaya Thai, LMNO, Riverwards Market, Buzz Cafe, Palmer Park, Konrad Square, and so on & so on. This is the hottest neighborhood Philadelphia has to offer! Here is your opportunity to make the investment of a lifetime as a result of just great timing! These units are true lofts & deliver living / working space way beyond the generic vanilla boxes being built all over the City. This is why we have been 100% occupied since gaining our Certificate Of Occupancy! Come see this special property for yourself. Listing can also be viewed via Multi Family MLS # PAPH2476468 & Residential MLS # PAPH2469828
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Radiant 90% Forced Air
Cooling Central A/C
Possession 0-30 Days CD
Zoning IRMX
Construction Materials Masonry
Year Built 1940
Property Subtype Five Or More Units
Tax Year 2024
Ownership Other
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility Other
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions GPS
City PHILADELPHIA
MLS Area 19122 (19122)
Tax Annual Amount 3820.0
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 295
Total Actual Rent 150000.00
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ExteriorWater Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 109.00 x 26.00
Waterfront Y/N N
Land Assessed Value 54580.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKeller Williams Main LineBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,982
- Monthly Property Taxes
- $318
- 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.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,088,185
Percent of Sale Price 32%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/1/2025 | $1,600,000 | -11.11% | Price Down |
| 4/15/2025 | $1,799,900 | | Listed Price |