$4,900,000

611 SWEDE ST, Norristown, PA 19401

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1874
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

611 Swede Street represents a rare opportunity to acquire a fully renovated, 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.

Listing Status:
Active
Listing Office:
Gola Corporate Real Estate, Inc : 6106310333
Listing Agent:
Brian Gola : 4848811783
MLS ID:
PAMC2163354
  • A/C: Multi Units
  • Heating: Heat Pump(s)Electric
  • Disability Feature: Other
  • Parking: Paved Parking
  • Roofing: RubberPitchedShingle
  • General: Brick
  • Originating MLS: BRIGHT_MAIN
  • School District: NORRISTOWN AREA
  • County: MONTGOMERY-PA
  • Zoning: R-213-00-36340-007
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Brian Gola, Gola Corporate Real Estate, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gotwals Elementary School

1 E Oak St, Norristown, PA, 19401

Grades 1-4

0.13 miles away

E

Eisenhower Science and Technology Leadership Academy

1601 Markley St, Norristown, PA, 19401

Grades 5-8

0.95 miles away

R

Roosevelt Altern School

1161 Markley St, Norristown, PA, 19401

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.