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Back 1016 West Main Street
Off Market

1016 West Main Street

Norristown PA 19401

3
2662 sq. ft.
4000 sq. ft.
Duplex
Last sold for $300,000
Connie BradyConnie Brady, last sold this property on 28 August 2023 after 82 days on market.

Overview

Excellent Investment Opportunity for a three-unit property for sale! Unlock the potential for lucrative returns with this incredible investment property that?s now available in Norristown for sale. Ideal for seasoned investors or first-time buyers looking to generate passive income, this property offers a secure and promising investment opportunity. With all the units rented out, you can maximize your earning potential and build long-term wealth. Don?t miss out on this chance to add a valuable asset to your portfolio! Leverage the rental market demand and benefit from multiple streams of passive income. There is a versatile unit configuration, each unit within this property offers its own unique configuration, providing flexibility to suit different rental preferences and market needs. The diverse layout caters to a wide range of potential tenants. The first floor one bedroom unit is rented for $1,000.00 per month and the tenant?s lease expires September 15th, 2023. The second floor unit is a 2 bedroom unit and rents for $1,000.00 and the lease expires on Currently a long-term tenant on the third floor and rent is $700.00, the lease expires May 31, 2024. Invest with confidence knowing that real estate remains a stable and secure investment option. Diversify your portfolio and hedge against market volatility with a tangible asset that has the potential for long-term growth and income stability. Seize the chance!

Features

3 bedrooms
2662 sq. ft. floor area
4000 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar 3 bedroom duplexes sold in Norristown over the last 12 months, the estimated median property value of 1016 West Main Street is $236.2k.

Median value
$236.2k
Estimated value range
$182k - $346.8k
Median days on market
27
Estimated value trend
-13%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Norristown. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1016 West Main Street

2023
Sold
$300,000
28 Aug 2023 by Connie Brady, of REMAX Central | Blue Bell

Happy sellers in Norristown

89%
89% of sellers in Norristown reported that their sale price either exceeded or met their price expectations.

Norristown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Norristown over the last 12 months.

Local market activity for 3 bedroom duplexes in Norristown

In the last 12 months, 10 three-bedroom duplexes similar to 1016 West Main Street, have been sold.

This represents a 72% increase in three-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Norristown

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Khalid Munir

Khalid Munir is an award winning recommended agent for Norristown.  They have 5 local sales and collected 3 local reviews across the last 12 months.

  •   5   (4 reviews)
  •  3 Reviews in Norristown
  •  5 Sales in Norristown
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Marcus Howell

Sellers who recommend Marcus Howell have praised them for being responsive, local expert, supportive, clear communication, friendly, reliable, and stress-free process

  •   5   (44 reviews)
  •  2 Reviews in Norristown
  •  10 Sales in Norristown
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Marianne Toto

Marianne Toto is a recommended agent for Norristown.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (14 reviews)
  •  2 Reviews in Norristown
  •  2 Sales in Norristown
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Cheryl Anton

Cheryl Anton is a recommended agent for Norristown.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (59 reviews)
  •  2 Reviews in Norristown
  •  2 Sales in Norristown
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