NOT LISTED FOR SALE

422 E Main St Norristown, PA 19401

-- Bed
-- Bath
3,350 Sq Ft
3,360 Sq Ft Lot

Last Sold August 24, 2021

Last sale price $275,000 $82 Per Sq Ft

73 Days on Market

Highlights

  • Traditional Floor Plan
  • No HOA
  • Porch
  • Main Floor Bedroom
  • Double Door Entry
  • Eat-In Kitchen

About This Home

As of August 2021

In search of a Profitable Norristown Investment Property?.... LOOK NO FURTHER: This meticulously-kept Commercial Mixed-Use building is an investment gem unlike any other within Norristown. With conveniently Separate Entry Doors (one leading to 3 Residential Units and the other leading to a Commercial Storefront) you will enter this building and be impressed with the size, efficient layout and good condition. The Storefront and ALL Apartments are FULLY-OCCUPIED, making this building a CASH-FLOWING machine! The low Operating Expense and solid Rental Income work together to generate a 7.7% Cap Rate and a realistic opportunity for straight profit. Make sure to view the 3D TOUR AVAILABLE of the building and confirm your showing.... because THIS ONE WILL NOT LAST !!

Last Agent to Sell the Property

Michael Marchese

(610) 476-4651 mmarchese@cbrealty.com Coldwell Banker Realty License #RS306072 Listed on: 06/04/2021

Coldwell Banker Realty

Last Buyer's Agent

Michael Marchese

(610) 476-4651 mmarchese@cbrealty.com Coldwell Banker Realty License #RS306072 Listed on: 06/04/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,945

Year Built

  • Built in 1900

Lot Details

  • 3,360 Sq Ft Lot
  • Lot Dimensions are 24.00 x 0.00
  • Downtown Location
  • Property is in very good condition

Home Design

  • Quadruplex
  • AirLite
  • Brick Exterior Construction

Interior Spaces

  • Traditional Floor Plan
  • Ceiling Fan
  • Double Door Entry
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Eat-In Kitchen

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower

Outdoor Features

  • Porch

Schools

  • Norristown Area High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for water, sewer, electricity, pest control, insurance, real estate taxes, advertising/licenses and permits
  • Tax Lot 009
  • Assessor Parcel Number 13-00-21500-006

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building
  • Norristown Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,576
  • Maintenance Expense $1,695
  • Operating Expense $11,895
  • Gross Income $32,700
  • Net Operating Income $20,805

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,945

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Airlite
  • Ownership: Fee Simple
  • Exclusions: Tenant Possessions
  • Inclusions: Appliances (in AS-IS condition)
  • New Construction: No
  • Year Built: 1900
  • Building Winterized: No
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Vinyl, Ceramic Tile, Carpet
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Eat-In, Store/Office, Tub Shower
  • Door Features: Double Entry
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 5030
  • Living Area Sq Ft: 3350
  • Price Per Sq Ft: 80.57
  • Above Grade Finished Sq Ft: 3350
  • Below Grade Sq Ft: 1680
  • Total Below Grade Sq Ft: 1680
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Hot Water, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 400.00
  • Security: Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: NORRISTOWN AREA

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 24.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3360.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good, Good
  • Zoning: C- RETAIL, OFFICE, APTS.
  • Zoning Description: -MULTI-USE APARTMENTS (2,870SQFT) -MULTI USE SALES (480SQFT) -SUPPORT AREA (1,680 SQFT)

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Sewer, Electricity, Pest Control, Insurance, Taxes - Real Estate, Advertising/Licenses And Permits
  • Rent Control: No
  • Total Actual Rent: 32700.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 618381
  • School Tax: 3306.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4945.00
  • Assessor Parcel Number: 13-00-21500-006
  • Tax Lot: 009
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Gross Income: 32700.00
  • Gross Scheduled Income: 32700.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 11895.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: NORRISTOWN AREA

Matterport 3D Tours

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $275,000 0.0% $82 / Sq Ft
06/11/2021 06/11/21 Off Market $275,000 -- --
06/04/2021 06/04/21 For Sale $269,900 -- $81 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Marchese

    Seller's Agent in 2021

    Michael Marchese

    Coldwell Banker Realty

    (610) 476-4651

    39 in this area

    164 Total Sales

    Michael Marchese
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAMC694236

Bright MLS
Pennsylvania Montgomery County Norristown 19401

422 E Main St, Norristown, PA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes