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Brick Triplex
New
For Sale
$329,900

545 CHERRY Street, Norristown, PA 19401

Multi-Family, NORRISTOWN, PA

Property Size2,610 SF
Lot Size0.04 Acres
Price / SF$126.40
Days on Market2

Property Features for 545 CHERRY Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Parking features On Street
Elementary school district NORRISTOWN AREA
Middle school district NORRISTOWN AREA
High school district NORRISTOWN AREA
Standard status Active
Size 2,610 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 3344

Utilities

Heating system Central

Building Details

Year built 1900
Number of units 3
Building materials Brick
Architectural style Other
Listing Agency: Continental Realty Co., Inc.
Listed By: Stacy Tarantino Bishop · License #AB069572
Added: Oct 8 Last Checked: Oct 9 at 4:06PM
MLS# PAMC2195282

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1900, the brick building contains 2,610 square feet across three apartments: two one-bedroom units and one two-bedroom unit. Central heating serves the property, and parking is on the street. The building is being sold in its current condition.

One apartment is occupied, with the tenant responsible for all utilities. The buyer is responsible for meeting the Borough’s use and occupancy requirements.

Key Highlights

  • Three apartments: two one‑bedroom units and one two‑bedroom unit
  • 2,610 square feet on a 0.0425‑acre lot
  • Brick construction; built in 1900

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic Locksmith Acupuncture Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,082
Businesses Nearby

Demographics for 19401, PA

43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - The three-unit property includes two one-bedroom apartments and one two-bedroom apartment.
Where is this triplex located?
The property is located at 545 CHERRY Street Norristown, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Three apartments: two one‑bedroom units and one two‑bedroom unit; 2,610 square feet on a 0.0425‑acre lot; Brick construction; built in 1900
More about this property
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