111 W Norris Street
Philadelphia, PA, 19122 $ 1,600,000
Bedrooms7 Baths6.0 Sq 5,740 Monthly Estimate*
$ 9,982
for $1,600,000 with 7 bedrooms and 6 full baths. This 5,740 square foot home was built in 1940 on a lot size of 0.07.
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. Come see this special property for yourself. Listing can also be viewed via Commercial MLS # PAPH2469818 & Multifamily MLS # PAPH2476468.
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FeaturesGeneralLiving Area 5740
Sewer Public Sewer
Heating Radiant 90% Forced Air
Cooling Central A/C
Possession 0-30 Days CD
Zoning IRMX
Architectural Style Contemporary
Construction Materials Masonry
School District PHILADELPHIA CITY
Year Built 1940
Levels 3
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility Other
County PHILADELPHIA
New Construction N
Property Type Residential
HOA N
Subdivision Name NORRIS SQUARE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 6
Status ACTIVE
Directions GPS
City PHILADELPHIA
Senior Community Y/N N
MLS Area 19122 (19122)
Lot Size Units Square Feet
Lot Size Square Feet 2870.00
Tax Annual Amount 3820.0
Structure Type Other
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 278.75
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 295
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InteriorHeating Fuel Natural Gas
Basement Fully Finished Full
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5740
Central Air Y/N Y
Total Bedrooms 7
Below Grade Finished Area 0
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 6
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street
Water View Y/N N
Lot Dimensions 109.00 x 26.00
Lot Size Acres 0.07
Lot Size Source Assessor
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 NearbySingle family listings in Philadelphia, PA
Average List Price $540,191
Percent of Sale Price 66%
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.
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/1/2025 | $1,600,000 | -11.11% | Price Down |
| 5/15/2025 | $1,799,900 | | Listed Price |