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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 12/9/2025 |
|---|---|---|---|
| YEAR BUILT | 1874 | COMMUNITY | Norristown Boro (10613) |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | NORRISTOWN AREA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Multi Units |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Norristown Boro (10613) |
| CONSTRUCTION | Brick |
| HEAT | Electric, Heat Pump |
| LOT | 4356 sq ft |
| LOT DIMENSIONS | 38.00 x 116.00 |
| PARKING | Paved, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 8573 |
| WATER | Public |
| ZONING | Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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