See Home Value
Norristown 19401
551 CHERRY STREET
$315,000 - $383,000
Multifamily - Off Market

551 CHERRY STREET

NORRISTOWN, PA 19401
bedrooms
Studio
bathrooms
0 Bath
square feet
2593 Sqft

About This Property

Investor Alert! Quadraplex located on the corner of Cherry and Marshall St. Ideal for those who are looking to live in one unit and rent the other three out, or for those looking to add to their portfolio! All four units are currently rented. There is one, 1 bed / 1 bath, one 3 bed/1 bath, one studio and one 2 bed/ 2 bath unit. The first-floor unit has forced air, the second floor has hot water or forced air, and electric baseboard heat for the third floor. Potential to collect higher rents on a few of the units! Currently collecting $3500 in rents with projected rent estimated to be just shy of $4000/month. Walking distance to several shops and restaurants, easy access to main roads and public transportation including train and bus routes. Call us today to schedule your private tour. Note: Seller is also selling 36-38 Spruce St just a few blocks away!

The manager has listed the unit size as 2593 square feet.
Unit Size
2,593Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$135
Property Type
Multifamily
Property Taxes
$323
HOA Dues
-
Year Built
1890

Price History

Date / Event Date Event Price
Jan 1, 2024 No longer available -
No longer available
May 17, 2023 In contract -
In contract
May 9, 2023 Listed $349,900
Listed

Property Highlights

Interior Details

Basement Information

Basement
Exterior Details

Exterior Information

Brick


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
4 Baths
2,763 ft²
$115/ft²
$317,500 Jul 6, 2020
$317,500 Sep 30, 2020
-
House
4 Beds
3 Baths
1,843 ft²
$184/ft²
$339,000 Nov 4, 2022
$339,000 May 5, 2023
-
House
3 Beds
2 Baths
1,880 ft²
$155/ft²
$292,000 Feb 11, 2023
$292,000 Apr 13, 2023
-
House
4 Beds
2 Baths
1,889 ft²
$152/ft²
$287,000 Jun 21, 2019
$287,000 Feb 14, 2020
-
Townhouse
3 Beds
3 Baths
1,621 ft²
$208/ft²
$337,500 Mar 16, 2023
$337,500 May 4, 2023
-
Townhouse
3 Beds
2 Baths
1,536 ft²
$195/ft²
$300,000 Feb 3, 2023
$300,000 Mar 20, 2023
-
Multifamily
Stu
-
3,454 ft²
$101/ft²
$350,000 Dec 5, 2022
-
$453/mo
House
4 Beds
2 Baths
2,358 ft²
$125/ft²
$295,000 Mar 13, 2023
-
-
House
5 Beds
2 Baths
2,014 ft²
$154/ft²
$309,900 Mar 15, 2023
-
-
House
2 Beds
2 Baths
1,664 ft²
$198/ft²
$329,000 May 8, 2023
-
-
House
3 Beds
3 Baths
1,520 ft²
$216/ft²
$329,000 Mar 28, 2023
-
-
House
2 Beds
2 Baths
1,516 ft²
$198/ft²
$299,900 Apr 21, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230509
05/09/2023
Studio
-
2593 ft²
$349,900
bedrooms
Studio
bathrooms
-
square feet
2593 ft²
-
-
-
Michael Sroka
Keller Williams Main Line

Building Info

551 Cherry Street 551 Cherry Street, Norristown, PA 19401
More about this Building
551 Cherry Street
Want to find out who owns 551 Cherry Street, Norristown, PA 19401? Get detailed property transactions here .

About Norristown


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