Back to search
315 W Fornance Street Norristown, PA $ 524,900
Share Save
$ 524,900 Get more info
315 W Fornance Street
$ 524,900
Back to search
Recently Listed
Share Save

315 W Fornance Street

Norristown, PA, 19401
$ 524,900
Bedrooms-- Baths-- Sq 2,630

Monthly Estimate*

$ 3,625

315 W Fornance Street, Norristown, PA 19401 - Image 1
315 W Fornance Street, Norristown, PA 19401 - Image 2
315 W Fornance Street, Norristown, PA 19401 - Image 3
315 W Fornance Street, Norristown, PA 19401 - Image 4
315 W Fornance Street, Norristown, PA 19401 - Image 5
315 W Fornance Street, Norristown, PA 19401 - Image 6
315 W Fornance Street, Norristown, PA 19401 - Image 7
315 W Fornance Street, Norristown, PA 19401 - Image 8
315 W Fornance Street, Norristown, PA 19401 - Image 9

Commercial Property for sale in Norristown, PA

for $524,900. This 2,630 square foot building was built in 1920 on a lot size of 0.1.

5 UNITS Welcome to 315 W Fornance St, Norristown, PA 19401! Exceptional 5-unit cash-flowing property located in the heart of Norristown. Purchase and run it as-is with immediate positive cash flow, or optimize for even higher yields. Check the numbers below for detailed investor information and financial performance. The building offers a mix of three one-bedroom units and two studios, all currently leased. The one-bedroom units rent for $1,044, $945, and $918 per month, and the studios rent for $971 and $803 per month. Leases are in place on all five units and run into 2027, which gives a buyer stable, predictable income from day one. Current monthly rents total $4,681, for annual rents of $56,172. Known expenses are $8,921, made up of $5,321 in real estate taxes, which include trash service, and $3,600 in insurance. This is a strong opportunity for an investor looking to add scale to a portfolio with one closing and one property to manage. Contact us today for more details or to schedule a showing.

See more
Commercial Active

Price

$ 524,900

Property Type

Commercial

Taxes

$ 5,321

Style

Apartment Building

Lot Size

0.1

Year Built

1920

Town/City

Norristown

County/Region

Montgomery

MLS | Web ID

PAMC2196844
Features
Interior
Heating Fuel Electric
Flooring Carpet Wood Vinyl
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
Total Restrooms 5
See more
General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Window Unit(s)
Possession 0-30 Days CD Settlement
Roof Shingle
Zoning R2
Construction Materials Aluminum Siding Brick
Year Built 1920
Electric 200+ Amp Service
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality NORRISTOWN BORO
Business Type Apartment Building
Accessibility None
County MONTGOMERY
New Construction N
Property Type Commercial Sale
Subdivision Name NORRISTOWN
Water Access Y/N N
Status ACTIVE
Directions To get to 315 W Fornance St from central Norristown start by heading north on Powell Street toward West Wood Street. From Powell Street make a left turn onto West Wood Street then take your next righ
City NORRISTOWN
Number Of Units Total 4
MLS Area Norristown Boro (10613)
Lot Size Units Square Feet
Lot Size Square Feet 4436.00
Tax Annual Amount 5321.0
Price Per Sq Ft Total AG 199.58
Acceptable Financing Cash Conventional
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 087
See more
Exterior
Water Source Public
Type of Parking On Street
Foundation Details Concrete Perimeter Brick/Mortar
Water View Y/N N
Building Area Total 2630.00
Lot Size Acres 0.10
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
Internal Only
Street Number 1 315
See more
* Excluded Features
List By
Springer Realty Group

Broker

gregorymartire@gmail.com

Email

Affordability Calculator

$4,069
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,625
Monthly Property Taxes
$443
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/7/2026$524,900 Listed Price

Map

More homes like this one

homes for you

See all
See all

315 W Fornance Street, Norristown, PA, 19401 is a Commercial Property for sale at $524,900 with 2,630 sqft and a lot size of 0.1. 315 W Fornance Street was built in 1920. The property's zip code is 19401 which is in Norristown, PA

Get more info