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5 UNITS Welcome to 315 W Fornance St, Norristown, PA 19401! Exceptional 5-unit cash-flowing property located in the heart of Norristown. Purchase and run it as-is with immediate positive cash flow, or optimize for even higher yields. Check the numbers below for detailed investor information and financial performance. The building offers a mix of three one-bedroom units and two studios, all currently leased. The one-bedroom units rent for $1,044, $945, and $918 per month, and the studios rent for $971 and $803 per month. Leases are in place on all five units and run into 2027, which gives a buyer stable, predictable income from day one. Current monthly rents total $4,681, for annual rents of $56,172. Known expenses are $8,921, made up of $5,321 in real estate taxes, which include trash service, and $3,600 in insurance. This is a strong opportunity for an investor looking to add scale to a portfolio with one closing and one property to manage. Contact us today for more details or to schedule a showing.
| DAYS ON MARKET | 0 | LAST UPDATED | 10/7/2026 |
|---|---|---|---|
| TRACT | NORRISTOWN | YEAR BUILT | 1920 |
| COMMUNITY | Norristown Boro (10613) | COUNTY | MONTGOMERY |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | NORRISTOWN AREA |
|---|---|
| Elementary School | HANCOCK |
| Jr. High School | EISENHOWER |
| High School | NORRISTOWN AREA |
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Norristown Boro (10613) |
| BASEMENT | Yes |
| CONSTRUCTION | Aluminum Siding, Brick |
| HEAT | Baseboard, Electric |
| LOT | 4356 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | NORRISTOWN |
| TAXES | 5321 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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