Renovated Rental Single-Family
241 CHESTNUT STREET Norristown, PA 19401
For Sale
$340,000
SINGLE_FAMILY - NORRISTOWN, PA
Property Size1,631 SF
Price / SF$208.46
Days on Market95
Property Features for 241 CHESTNUT STREET
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1
- Standard status
- Active
- Size
- 1,631 SF
Building Details
- Year built
- 1899
Listing Agency:
BHHS Fox & Roach Blue Bell
(215) 542-2200
Listed By:
Cindy Marcinkowski · License #RS347703
(215) 480-2665
Added: Apr 20
Changed: Jul 23
Last Checked: Jul 23 at 5:06PM
MLS# PAMC2176090
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
This fully renovated single-family home features five bedrooms and one bathroom, with new flooring and freshly painted interiors. The layout provides generous living space and flexibility for continued use as a rental property.
The property is located in Norristown, Pennsylvania, in Montgomery County, and is described as convenient to local amenities, shopping, dining, and major commuter routes.
The home is currently tenant-occupied under a long-term lease. The buyer is responsible for U&O, and the owner will assist with the current tenant onboarding and transition process.
The property is located in Norristown, Pennsylvania, in Montgomery County, and is described as convenient to local amenities, shopping, dining, and major commuter routes.
The home is currently tenant-occupied under a long-term lease. The buyer is responsible for U&O, and the owner will assist with the current tenant onboarding and transition process.
Key Highlights
- Fully renovated 5‑bedroom, 1‑bath family home
- New flooring and freshly painted interior
- Currently tenant‑occupied with a long‑term lease in place
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $26.16 |
| − Vacancy | −$2.6k | −$1.60 |
| EGI | $40.1k | $24.56 |
| − OpEx | −$18.0k | −$11.05 |
| NOI | $22.0k | $13.51 |
1,631 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$314.8K
$275.4K – $367.3K
NOI $22,035 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$938.2K
$820.9K – $1.09M
NOI $65,672 @ 7.0% cap · market cap 19.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - A tenant-occupied, fully renovated 5-bedroom, 1-bath home with new flooring and fresh paint.
Where is this single family property located?
The property is located at 241 CHESTNUT STREET Norristown, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Fully renovated 5‑bedroom, 1‑bath family home; New flooring and freshly painted interior; Currently tenant‑occupied with a long‑term lease in place
