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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAMC2163354
Year Built 1874
Annual Tax Amount $8,573
Tax Year 2025
Lot Size 4,453 Sqft
Acres 0.1
Lot Dimensions 38.00 x 116.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
turn-key 30-unit multifamily property in the heart of Norristown, PA.
Completed in 2021–2022, the renovation program included comprehensive
upgrades to all major building systems—new electrical, plumbing, HVAC,
roofing, apartment interiors, and common areas—positioning the asset for
minimal near-term capital needs and stable long-term performance.
The property has demonstrated strong occupancy & minimal turnover,
supported by modern unit finishes, reliable mechanical systems, and strong
tenant demand. Additionally, current rents remain below prevailing market
levels, providing immediate mark-to-market upside without requiring
additional capital investment.
The Offering includes an additional lot 17 W Marshall Street, Norristown, PA.
This parcel is a tandem parking setup with 14 stalls and a capacity for 28 cars.
This allows tenants the option to rent parking spaces right next to their
building if desired. 611 Swede Street offers investors the combination of
stability, rent-growth potential, and long-term appreciation drivers that are
increasingly difficult to find in the Montgomery County multifamily sector.
Location
State PA
County Montgomery
Area Norristown Boro (10613)
Zoning R-2
Interior
Hot Water Multi-tank
Heating Heat Pump(s)
Cooling Multi Units
Heat Source Electric
Exterior
Garage Spaces 28.0
Water Access N
Roof Type Rubber,Pitched,Shingle
Accessibility Other
Total Parking Spaces 28
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Norristown Area
Others
Tax ID 13-00-36340-007
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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