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315 W Fornance St, Norristown, PA 19401

Norristown
Local realty services provided by:CENTURY 21 Charles Smith Agency, Inc.
315 W Fornance St,Norristown, PA 19401
$524,900
  • 3 Beds
  • - Baths
  • 2,630 sq. ft.
  • Multi-family
  • Active
Listed by: gregory martire
Office: springer realty group
MLS#:PAMC2195682
Source:BRIGHTMLS

Price summary

  • Price:$524,900
  • Price per sq. ft.:$199.58

About this home

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...

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Home facts

  • Year built:1920
  • Subdivision & Development:NORRISTOWN
  • Listing ID #:PAMC2195682
  • Added:15 day(s) ago
  • Updated:October 23, 2026 at 01:40 PM

Rooms and interior

  • Bedrooms:3
  • Flooring:Carpet, Vinyl, Wood
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,630 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:2,630 sq. ft.
  • Lot area:0.1 Acres
  • Architectural Style:Traditional
  • Construction Materials:Aluminum Siding, Brick
  • Foundation Description:Brick/Mortar, Concrete Perimeter

Schools

  • High school:NORRISTOWN AREA
  • Middle school:EISENHOWER
  • Elementary school:HANCOCK

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$524,900
  • Price per sq. ft.:$199.58
  • Tax amount:$5,321 (2026)

Features and amenities

  • Amenities:200+ Amp Service

Parking

  • Parking description:On Street

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