611 Swede St - Apartments FOR SALE


Norristown, PA 19401
$4,900,000 USD
484-881-1783
611 Swede St, Norristown, PA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/20
null | 7.2% Cap Rate

611 Swede St
Norristown, PA 19401


HIGHLIGHTS

  • Fully renovated multifamily property with modern finishes.
  • Comprehensive upgrades to all major building systems.
  • Strong occupancy with minimal turnover and proven demand.
  • Immediate rent growth potential with below-market rents.
  • Includes adjacent parcel with 28-car parking capacity.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

30

PRICE/UNIT

$163,333

CAP RATE

7.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

611 Swede St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1874

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R-2

APN/PARCEL ID

13-00-36340-007

ASK ABOUT THIS PROPERTY

Brian GolaGola Corporate Real EstateMore Info
484-881-1783

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Brian GolaGola Corporate Real EstateMore Info
484-881-1783

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