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sales rep | Brivity IDX

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535 E Lafayette St , Norristown, PA 19401
$295,000
Est. Payment: $1,593.64/mo
3 Bed
1456 Sqft
0.03 Acres
Status: active | Days on site: 50
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KELWLMWM - 3347800
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House Description

Two units, both leased, both renovated. Unit 1 is a 2 bed, 1 bath renting for $1,500/mo. Unit 2 is a 1 bed, 1 bath renting for $1,125/mo. That's $31,500 in gross annual rent with tenants already in place, so you start collecting on day one. Both units were updated with LVP flooring throughout and fresh neutral paint. The kitchens have stainless appliances and tile backsplashes. The baths are updated with modern fixtures, and the brick exterior keeps maintenance low. A plug-and-play income property for investors who want cash flow without a renovation. It also works for an owner-occupant who wants to house hack, living in one unit while the other covers a big piece of the mortgage.

Highlights

Listed by sAAJAN Patel , 4847996843 Keller Williams Realty Wilmington , 3022991100. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

1920

County

Montgomery

Area

Norristown Boro (10613)

School District

Norristown Area

Listing ID

PAMC2194910

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
Air Cond:Window Unit(s)
Fireplaces:
Above Ground Sq Ft:1456
Basement:Partial
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:22.00 x 0.00
Zoning:1132 RES: DUPLEX
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$1,594
Taxes
$190

Home Price

$295,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$59,000
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:
$1,593.64

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,593.64 $189.92 $0.00 $1,783.56
Yearly $19,123.69 $2,279.00 $0.00 $21,402.69
Total $573,710.78 $68,370.00 $0.00 $642,080.78
Lender profile image
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.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS