368 E Moore St - Apartments FOR SALE


Norristown, PA 19401
$795,000 USD
215-256-0427
368 E Moore St, Norristown, PA for Sale
$795,000 USD
Apartments - FOR SALE
1/35
null | 12.49% Cap Rate

368 E Moore St
Norristown, PA 19401


HIGHLIGHTS

  • Stable cash flow from both commercial and residential tenants. Upside potential with below-market rents
  • Modern Commercial Spaces
  • Ample Parking: Private, gated parking

OVERVIEW

366–368 E. Moore Street, Norristown, PA, is a premier Class B mixed-use property spanning 10,970 sq. ft. across two parcels, ideal for business owners seeking to relocate their operations while generating substantial rental income in Norristown’s thriving redevelopment hub. This well-maintained property includes a 1,408 sq. ft. single-family home (4 bedrooms, 1 bath) with hardwood floors, a new kitchen with granite countertops and stainless appliances, plus a 9,562 sq. ft. commercial building featuring a modern 1,235 sq. ft. apartment (2 bedrooms, 2 bath) with hardwood floors, a new kitchen, and in-unit washer/dryer. The commercial building offers a 4,215 sq. ft. upper commercial space with lofty ceilings, large windows, a glass-walled conference room, and multiple offices, and a 4,112 sq. ft. lower commercial space with a private entry, showroom, large garage bay/workspace, and break room. Business owners can occupy one or both commercial spaces while leasing the residential units or unused commercial space for added revenue. Upgrades include a 5-year-old roof, multi-zoned HVAC with AC, and gated parking for 12+ vehicles. Zoned R-2 Residential with prior commercial uses (e.g., prior gym, contractor offices), buyers must verify uses with Norristown Borough.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

4

PRICE/UNIT

$198,750

CAP RATE

12.49%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R2

APN/PARCEL ID

13-00-25992-005,13-00-25996-001

ASK ABOUT THIS PROPERTY

Stephen AmmonIron Valley Real EstateMore Info
215-256-0427

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Stephen AmmonIron Valley Real EstateMore Info
215-256-0427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.