$5,461 Closing Credit¹
#PAMC2127716, Donna Moles, Listing Office: Charles L. Moles Real Estate, LLC
$4,691
closing credit¹
515 Cherry St Norristown, PA 19401
$395,000 List price
$4,691
Closing credit¹
2,664 sqft
0.08 acres
$148 / sqft
Multi-Family
Property details
About 515 Cherry St
Check out this solid, fully occupied triplex on Cherry street in Norristown! Set up with two 1 bedroom 1 bath units, one 3 bedroom 3 bath unit. Annual taxes under 4k per year. The units have been refreshed and remodeled in 2021. Current rents for the building are $3795 per month ($43,620 annually). Professional property management is in place. Tenants pay their own utilities and a flat monthly fee for water. The building includes 3 car off street parking in the rear alleyway parking lot. All 3 water heaters were recently replaced in the fall of 2024. In unit heat is electric so tenants can control their own heat and pay their own bill! The building is located across a short walk to the Montgomery County courthouse and Norristown Transportation Center and convenient access to all commuter routes 202, 76, 422 and 476. Buyer is responsible for U&O. Schedule your tour of this great investment opportunity!
Highlights
Home typeTriplex
HeatingBaseboard
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)
(ACTIVE UNDER CONTRACT)
CoolingWindow Unit(s)
Size2,664 sqft
BasementYes
Lot size0.08 Acres
Year built1900
ParkingAsphalt Driveway, Alley,Parking Lot
MLS #PAMC2126102
Summary
- MLS Number: PAMC2126102
- MLS Name: BRIGHT
- Office Name: Keller Williams Real Estate - Media
- Office Phone: (610) 565-1995
- Office Email: klrw709@kw.com
- Listing Agent: John Knisely
Information Deemed Reliable But Not Guaranteed. 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 in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 3:22:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$395,000
515 Cherry St
$4,691
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 18, 2021 | Home Sold | $165,000 |
| Jun 04, 2007 | Home Sold | $165,000 |
| Oct 24, 1997 | Home Sold | $40,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $57,620 | $3,537 |
| 2023 | $57,620 | $3,505 |
| 2022 | $57,620 | $3,429 |
| 2021 | $57,620 | $3,354 |
| 2020 | $57,620 | $3,255 |
| 2019 | $57,620 | $3,196 |
| 2018 | $57,620 | $3,136 |
| 2017 | $57,620 | $2,935 |
History based on county public records data.
Nearby schools
5
Gotwals Elementary School
Public District 1-4
0.2 mi
•1 E Oak St
5
Winfield Scott Hancock Elementary School
Public District 1-4
0.9 mi
•Arch & Summit Streets
6
Bridgeport Elementary School
Public District KG-4
1.2 mi
•900 Bush and School Lane
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,233. Most Norristown, PA residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
44%
<35k
55%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
25%
Single, with Kids
8%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
9%
12-17 yrs old
31%
18-34 yrs old
30%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Soccer
Where do the neighbors shop?
Family Dollar
Burlington
Forever 21
Where do the neighbors go to eat?
Burger King
Popeyes
Dominos Pizza
What do the neighbors drive?
Buick
Dodge
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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This home is located at 515 Cherry St in Norristown, PA and zip code 19401. This 2,664 square foot home, which was built in 1900, sits on a 0.08 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 2, 2025 and is currently priced at $395,000.
While more than 18 listings in Norristown, PA in December 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 21 were sold below. The number of homes for sale in Norristown, PA decreased by 10.4% between November and December 2024. In December 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $337,667.
From Rocket Homes Real Estate and based on county public records data.