1321 Redwood Lane
Norristown, PA, 19401 $ 4,919,400
Bedrooms-- Baths-- Sq 12,000 Monthly Estimate*
$ 33,977
for $4,919,400. This 12,000 square foot building was built in 1960 on a lot size of 0.04.
PACKAGE DEAL ONLY! WILL NOT BE SOLD INDIVIDUALLY. Exceptional investment portfolio deal featuring 19 total properties/units across Norristown, PA (19401). Generating a total gross monthly income of $40,095.00 ($481,140.00 annually) with total annual property taxes of $49,439.00, offered at a strong 10% Cap Rate with an asking price of $4,919,400.00. Included Properties & RentBreakdown: 1321 Redwood Ln: 4 Bed / 2 Bath ($2,280/mo) 107 Stanbridge St: 4 Bed / 1 Bath ($2,200/mo) 145 W Elm St: 4 Bed / 1 Bath ($1,900/mo) 151 W Elm St: 4 Bed / 1 Bath ($2,135/mo) 153 W Elm St: 4 Bed / 1 Bath ($2,000/mo) 157 W Elm St (Triplex): Apt A ($2,050/mo) | Apt B ($1,650/mo) | Apt C ($1,698/mo) Elm St Basement Laundry: Coin-Operated Basement Laundry ($326/mo) 712 Astor St: 3 Bed / 1 Bath ($1,850/mo) 220 W Spruce St: 3 Bed / 1.5 Bath ($1,780/mo) 828 Smith St: 3 Bed / 1 Bath ($2,020/mo) 721 W Oak St: 3 Bed / 2 Bath ($1,788/mo) 234 W Spruce St: 3 Bed / 1 Bath ($1,425/mo) 770 Kohn St: 4 Bed / 1 Bath ($2,000/mo) 313 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 305 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 309 Buttonwood St: 2 Bed / 1 Bath ($1,500/mo) 717 W Oak St: 3 Bed / 1 Bath ($2,329/mo) 840 Haws Ave: 3 Bed / 1 Bath ($2,329/mo) 1032 Cherry St: 4 Bed / 1 Bath ($1,975/mo) 214 Pearl St: 4 Bed / 1.5 Bath ($2,200/mo) Package Combination Note: This 19401 Norristown package deal can also be purchased in combination with our 14-property portfolio package in Pottstown, PA (19464) or as a total mega-portfolio package.
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FeaturesInteriorHeating Fuel Natural Gas
Flooring Wood Vinyl
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 24
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GeneralSewer Public Sewer
Heating Central
Cooling Central A/C
Possession Coin w/Sell Sett Settlement
Roof Shingle
Zoning R
Construction Materials Brick
Year Built 1960
Electric 200+ Amp Service
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality NORRISTOWN BORO
Gross Income 491940.00
Business Type Apartment Building
Accessibility None
County MONTGOMERY
Net Operating Income 412101.00
Operating Expense 49439.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Norristown Pennsylvania 19401
City NORRISTOWN
MLS Area Norristown Boro (10613)
Lot Size Units Square Feet
Lot Size Square Feet 1600.00
Tax Annual Amount 49439.0
Price Per Sq Ft Total AG 409.95
Acceptable Financing Cash
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 055
Total Actual Rent 491940.00
Cap Rate 10.00
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ExteriorWater Source Public
Type of Parking Other
Water View Y/N N
Building Area Total 12000.00
Lot Size Acres 0.04
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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* Excluded FeaturesList BySpringer Realty GroupBroker
gregorymartire@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $33,977
- Monthly Property Taxes
- $4,120
- 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 NearbyCommerical listings in Norristown, PA
Average List Price $797,644
Percent of Sale Price 84%
About Norristown, PA 34,617 Population
11% Since 2002
$ 44,280 Median Income
35.2 Median Age
32% 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 |
|---|
| 10/23/2026 | $4,919,400 | | Listed Price |