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1321 Redwood Ln , Norristown, PA 19401
$4,919,400
Est. Payment: $26,575.45/mo
12000 Sqft
0.04 Acres
Status: active | Days on site: 8
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SPRNGRGP - 3119829
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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) 770 Kohn St: 4 Bed / 1 Bath ($2,000/mo) 313 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 305 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 309 Buttonwood St: 2 Bed / 1 Bath ($1,500/mo) 717 W Oak St: 3 Bed / 1 Bath ($2,329/mo) 840 Haws Ave: 3 Bed / 1 Bath ($2,329/mo) 1032 Cherry St: 4 Bed / 1 Bath ($1,975/mo) 214 Pearl St: 4 Bed / 1.5 Bath ($2,200/mo) Package Combination Note: This 19401 Norristown package deal can also be purchased in combination with our 14-property portfolio package in Pottstown, PA (19464) or as a total mega-portfolio package.
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Highlights

Listed by Gregory Martire , 4849978068 Springer Realty Group , 4844984000. Bright MLS

Property Type

Commercial Sale
Lot/Acreage
0.04

Year Built

1960

County

Montgomery

Area

Norristown Boro (10613)

 School District

Norristown Area

Listing ID

PAMC2198272

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Interior Features

Air Cond:Central A/C
Fireplaces:
Floor:Wood,Vinyl
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:4
Zoning:R
Roof:Shingle
Sewer:Public Sewer
Parking Features:4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$26,575
Taxes
$4,120

Home Price

$4,919,400

Loan Details

30 yrs
7.148%

Down Payment

20%
$983,880
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$26,575.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $26,575.45 $4,119.92 $0.00 $30,695.37
Yearly $318,905.40 $49,439.00 $0.00 $368,344.40
Total $9,567,162.11 $1,483,170.00 $0.00 $11,050,332.11
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Norristown, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-13T23:12:42.000Z

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