1321 Redwood Ln, Norristown, PA 19401

Norristown
Local realty services provided by:Better Homes and Gardens Real Estate Premier
1321 Redwood Ln,Norristown, PA 19401
$4,919,400
  • 33 Beds
  • - Baths
  • 12,000 sq. ft.
  • Multi-family
  • Active
Listed by: gregory martire
Office: springer realty group
MLS#:PAMC2198450
Source:BRIGHTMLS

Price summary

  • Price:$4,919,400
  • Price per sq. ft.:$409.95

About this home

PACKAGE DEAL ONLY! WILL NOT BE SOLD INDIVIDUALLY. Exceptional investment portfolio deal featuring 19 total properties/units across Norristown, PA (19401). Generating a total gross monthly income of $40,095.00 ($481,140.00 annually) with total annual property taxes of $49,439.00, offered at a strong 10% Cap Rate with an asking price of $4,919,400.00. Included Properties & RentBreakdown: 1321 Redwood Ln: 4 Bed / 2 Bath ($2,280/mo) 107 Stanbridge St: 4 Bed / 1 Bath ($2,200/mo) 145 W Elm St: 4 Bed / 1 Bath ($1,900/mo) 151 W Elm St: 4 Bed / 1 Bath ($2,135/mo) 153 W Elm St: 4 Bed / 1 Bath ($2,000/mo) 157 W Elm St (Triplex): Apt A ($2,050/mo) | Apt B ($1,650/mo) | Apt C ($1,698/mo) Elm St Basement Laundry: Coin-Operated Basement Laundry ($326/mo) 712 Astor St: 3 Bed / 1 Bath ($1,850/mo) 220 W Spruce St: 3 Bed / 1.5 Bath ($1,780/mo) 828 Smith St: 3 Bed / 1 Bath ($2,020/mo) 721 W Oak St: 3 Bed / 2 Bath ($1,788/mo) 234 W Spruce St: 3 Bed / 1 Bath ($1,425/mo) ...

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Home facts

  • Year built:1960
  • Listing ID #:PAMC2198450
  • Updated:November 09, 2026 at 02:41 PM

Rooms and interior

  • Bedrooms:33
  • Flooring:Vinyl, Wood
  • Living area:12,000 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Central, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1960
  • Building area:12,000 sq. ft.
  • Lot area:0.04 Acres
  • Construction Materials:Brick

Schools

  • High school:NORRISTOWN AREA
  • Middle school:EISENHOWER
  • Elementary school:MARSHALL STREET

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,919,400
  • Price per sq. ft.:$409.95
  • Tax amount:$49,439 (2026)

Features and amenities

  • Amenities:200+ Amp Service

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