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Renovated 6-Unit Apartment Building
For Sale
$1,600,000
Pending

111 W NORRIS STREET, Philadelphia, PA 19122

Fully occupied loft-style property with five residential units and one legally zoned live/work unit.

Property SizeContact for details
Days on Market471

Property Features for 111 W NORRIS STREET

General Information

Standard status Pending
Property subtype Commercial/Industrial
Occupancy 100%

Additional Details

Public Transit Yes
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $3,820

Amenities

stainless steel appliances
dishwasher
butcher block counters
in unit washer/dryer
central air
gas heat/hot water
hydronic radiant heated floors
original refinished floors

Building Details

Year Built 1940
Year Renovated 2024
Buildings 1
Listing Agency: Keller Williams Real Estate Tri-County
Listed By: John D McDonald · License #RS284363
Source: Exitrealty
Added: May 20, 2025 Changed: Aug 30 Last Checked: Aug 30 at 9:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate Tri-County

Investment Insights

Based on property information with market context.

Located at 111 W Norris Street in Philadelphia, Patrick Flats is a six-unit apartment building with five residential units and one live/work unit. The property was fully renovated during 2023–24 with permits and updated to the 2018 IBC. The improvements include a new roof, new electrical service, upgraded mechanical systems, refinished original floors, and updated interior finishes.

Each loft-style unit features stainless steel appliances, a dishwasher, butcher block countertops, an in-unit washer and dryer, central air, and gas heat and hot water. Most units also include hydronic radiant heated floors. The building has remained fully occupied since receiving its Certificate of Occupancy.

The property is positioned in Philadelphia’s Fishtown and Norris Square areas, with access to Frankford Avenue, Berks Street SEPTA, Palmer Park, Konrad Square, and numerous nearby restaurants, cafés, markets, and breweries. The building was originally constructed in 1940.

Key Highlights

  • Six units: five residential and one live/work
  • Fully renovated in 2023–24 with permits
  • Updated to the 2018 IBC

Property Analytics

Current Use

Northern Light Group ... (Bike/Boat/Book/etc) Store Jig Inc Roofing Company

Suggested Use

Top Pick Law Firm Parking Lot & Garage Travel Agency (Bike/Boat/Book/etc) Store Veterinary Clinic Accounting Firm

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,944
Businesses Nearby

Demographics for 19122, PA

26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value

Market

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied loft-style property with five residential units and one legally zoned live/work unit.
Where is this apartment building located?
The property is located at 111 W NORRIS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Six units: five residential and one live/work; Fully renovated in 2023–24 with permits; Updated to the 2018 IBC
More about this property
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