For Sale Multi-Family MLS# PAMC2196844

315 W FORNANCE ST

NORRISTOWN, PA 19401

$524,900

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About 315 W FORNANCE ST

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 details or to schedule a showing.

Property details

Property

Type
Five or more units
MLS type
Multi Family Home
Status
Active
Year built
1920
Lot
0.1
Original price
$524,900
MLS #
PAMC2196844

Interior

Features
Window Unit(s), true, Baseboard - Electric, Electric, Carpet, Wood, Vinyl
Flooring
Carpet, Wood, Vinyl
Heating
true, Baseboard - Electric
Cooling
Window Unit(s)

Exterior & lot

Construction
Aluminum Siding, Brick, Concrete Perimeter, Brick/Mortar, Shingle
Roof
Shingle
Foundation
Concrete Perimeter, Brick/Mortar
Lot
R2, 13-00-12248-006

Schools

District
Norristown Area School District
Elementary
HANCOCK
Middle
EISENHOWER
High
NORRISTOWN AREA

Utilities

Utilities
Public Sewer, Public, 200 amp service
Water
Public
Sewer
Public Sewer

Financial

Financial
BRIGHT_MAIN
Annual tax
$5,321
Tax year
2026
Parcel
13-00-12248-006

Location

Subdivision
NORRISTOWN
Area
Norristown Boro (10613)
County
MONTGOMERY-PA
Community
MONTGOMERY-PA, BRIGHT_MAIN, NORRISTOWN AREA
Directions
To get to 315 W Fornance St from central Norristown, start by heading north on Powell Street toward West Wood Street. From Powell Street, make a left turn onto West Wood Street, then take your next right onto North Markley Street (PA-202 North) Continue briefly on North Markley Street and turn right onto West Fornance Street. Proceed down W Fornance Street for approximately one block, and the destination at 315 W Fornance Street will be located on your left.

Location

Neighborhood
NORRISTOWN
School district
Norristown Area School District

Ask about this property

Questions on 315 W FORNANCE ST, NORRISTOWN, PA 19401, or want to see it in person?

Listed by Gregory Martire, Springer Realty Group

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.