NOT LISTED FOR SALE

335 W Marshall St Norristown, PA 19401

Estimated Value: $593,370

-- Bed
-- Bath
6,043 Sq Ft
$98/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $485,000 $80 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,740/month

Highlights

  • Traditional Architecture
  • 90% Forced Air Heating and Cooling System
  • 5-minute walk to Crawford Park

About This Home

As of October 2022

Great Investment Opportunity! Three residential Rental Units plus a detached 1,500 sq. ft. Office Building all in great condition. The property has 60 feet of frontage on West Marshall St. 8400 sq. ft. total, with access to Blackberry Alley at the 720 sq. ft. fenced in rear lot. The office building consists of a finished area with a large conference room , two Powder Rooms, and a 500 sq. ft. interior storage area which has direct access to the fenced in outdoor storage area on Blackberry Alley. There are 3 rental units in a 3 story building with two 1-bedroom and one 2-bedroom apartments with all separated utilities. Property is in good shape and well maintained. All units and office building are air conditioned. The Apartments currently rent for $850/month, $930/month, and $1023/month. All are 1-year leases signed in January. The Office Building currently rents for $2300/month on a 1-year lease signed in October. Call to make your appointment today!

Last Agent to Sell the Property

Nick Raimo

(215) 896-4949 nick@nickraimo.com Keller Williams Real Estate-Montgomeryville License #RS287867 Listed on: 06/18/2022

Keller Williams Real Estate-Montgomeryville

Last Buyer's Agent

Melissa Flowers

(610) 755-5788 msomflowers@kw.com Keller Williams Main Line License #2549237

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,309

Year Built

  • Built in 1900

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 60.00 x 0.00

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 6,043 Sq Ft Home
  • Basement
  • Exterior Basement Entry

Parking

  • Alley Access
  • Parking Lot
  • Off-Street Parking

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number 13-00-25508-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,309

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Appliances
  • New Construction: No
  • Expected On Market: 2022-06-18
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: Great Investment Opportunity! Three residential Rental Units plus a detached 1,500 sq. ft. Office Building all in great condition. The property has 60 feet of frontage on West Marshall St. 8400 sq. ft. total, with access to Blackberry Alley at the 720 sq. ft. fenced in rear lot. The office building consists of a finished area with a large conference room , two Powder Rooms, and a 500 sq. ft. interior storage area which has direct access to the fenced in outdoor storage area on Blackberry Alley. There are 3 rental units in a 3 story building with two 1-bedroom and one 2-bedroom apartments with all separated utilities. Property is in good shape and well maintained. All units and office building are air conditioned. The Apartments currently rent for $850/month, $930/month, and $1023/month. All are 1-year leases signed in January. The Office Building currently rents for $2300/month on a 1-year lease signed in October. Call to make your appointment today!
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 6043
  • Living Area Sq Ft: 6043
  • Price Per Sq Ft: 82.72
  • Above Grade Finished Sq Ft: 6043
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 335

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Alley, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 4100
  • Lot Size Acres: 0.19
  • Lot Dimensions: 60.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8400.00
  • Year Assessed: 2022
  • Zoning: NC
  • Zoning Description: Commercial and residential Multi-family for 4 units 3 apartment and one free standing 1,500 +/- Office Building

Rental Info

  • Total Actual Rent: 61236.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 619391
  • School Tax: 4862.00
  • Tax Annual Amount: 7309.00
  • Assessor Parcel Number: 13-00-25508-003
  • Tax Lot: 99
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/25/2022

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Oct 25, 2022
Sold by
Berkani Mourad
Bought by
Somnet Investments Llc
Seller's Agent
Nick Raimo
Keller Williams Real Estate-Montgomeryville
Buyer's Agent
Melissa Flowers
Keller Williams Main Line
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Views
1
Current Estimated Value
$593,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,370
Avg. Annual Appreciation
6.93%
Original Mortgage
$318,500
Outstanding Balance
$308,163
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$285,207

Purchase Details

Listed on
Feb 27, 2020
Closed on
Oct 24, 2020
Sold by
Wyckoff Walter and Wyckoff Stacy
Bought by
Berkani Mourad and Kechemir Younes
Seller's Agent
John Mancini
Coldwell Banker Realty
Buyer's Agent
Nick Raimo
Keller Williams Real Estate-Montgomeryville
List Price
$375,000
Sold Price
$290,000
Premium/Discount to List
-$85,000
-22.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.49%
Original Mortgage
$232,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 1988
Bought by
Wyckoff Walter and Wyckoff Stacy K
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Somnet Investments Llc $485,000 --
Berkani Mourad $290,000 None Available
Wyckoff Walter $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somnet Investments Llc $318,500
Previous Owner Berkani Mourad $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2022 10/25/22 Sold $485,000 -3.0% $80 / Sq Ft
06/25/2022 06/25/22 Pending -- -- --
06/18/2022 06/18/22 For Sale $499,900 +72.4% $83 / Sq Ft
10/30/2020 10/30/20 Sold $290,000 -3.0% $48 / Sq Ft View Prior Sale
08/26/2020 08/26/20 Pending -- -- --
07/29/2020 07/29/20 Price Changed $299,000 -18.1% $49 / Sq Ft
03/11/2020 03/11/20 Price Changed $365,000 -5.2% $60 / Sq Ft
02/28/2020 02/28/20 Price Changed $385,000 +2.7% $64 / Sq Ft
02/27/2020 02/27/20 For Sale $375,000 -- $62 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,539 $122,810 $34,960 $87,850
2024 $7,539 $122,810 $34,960 $87,850
2023 $7,471 $122,810 $34,960 $87,850
2022 $7,309 $122,810 $34,960 $87,850
2021 $7,274 $122,810 $34,960 $87,850
2020 $6,939 $122,810 $34,960 $87,850
2019 $6,812 $122,810 $34,960 $87,850
2018 $4,534 $122,810 $34,960 $87,850
2017 $6,256 $122,810 $34,960 $87,850
2016 $6,208 $122,810 $34,960 $87,850
2015 $5,947 $122,810 $34,960 $87,850
2014 $5,947 $122,810 $34,960 $87,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2041222

Bright MLS

APN: 13-00-25508-003