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    171 W Norris St Philadelphia, PA 19122

    For Sale
    $399,900

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    2,527 SF
    Lot size:
    0.04 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 8 at 6:06 pm

    Property Features for 171 W Norris St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    On Street
    Size
    2,527 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1920
    Number of units
    4
    Building materials
    Masonry

    Realty Group PA II (610) 828-6300 [email protected]

    Listing agent Abe Thomson (215) 607-6007 License #RS337723

    Listing date Nov 21, 2025

    MLS# PAPH2560776 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Philadelphia Four-Unit Apartment Building

    This four-unit apartment building is located in the Norris Square neighborhood of Philadelphia, one block from Norris Square Park and within walking distance of Fishtown. The property offers access to restaurants, cafes, nightlife, and public transportation, providing connectivity to Center City. The building offers potential for long-term investment. The first-floor two-bedroom unit rents for $1450 per month. The second floor includes a front studio renting for $975 per month and a rear studio renting for $950 per month. The third-floor studio rents for $925 per month. Tenants pay all utilities except water. The water bill averages $133 per month, totaling $1596 annually. Common area expenses are approximately $37 per month, or $444 per year. The landlord pays $3700 annually for building insurance. Annual taxes are $6385. The property size is 2527 square feet, situated on a lot of 0.04 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.13583
    Latitude
    39.98066

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    FAQs

    What type of property is this?
    Quadplex - Four-unit apartment building in Philadelphia's Norris Square neighborhood.
    Where is this quadplex located?
    The property is located at 171 W Norris St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Four-unit apartment building in the rapidly growing Norris Square neighborhood.; - Strong long-term investment with significant upside potential due to neighborhood development.; - Immediate cash flow from existing rental income.
    (215) 607-6007
    Request Owner's contact information
    171 W Norris St Philadelphia, PA 19122
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    Philadelphia, PA 19122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    171 W Norris St Philadelphia, PA 19122
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