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Fully Leased Triplex
New
For Sale
$329,900

547 CHERRY STREET, Norristown, PA 19401

The three-unit property is fully occupied and offered in its current as-is condition.

Property Size2,744 SF
Days on Market6

Property Features for 547 CHERRY STREET

General Information

Standard status Active
Size 2,744 SF
Property subtype Triplex
Occupancy 100%

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,405

Building Details

Building Size 2,744 SF
Year Built 1900
Listing Agency: Continental Realty Co., Inc.
Listed By: Stacy Tarantino Bishop · License #AB069572
Source: Lizclarkrealestate
Added: Oct 8 Changed: Oct 11 Last Checked: Oct 13 at 1:48AM

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 Continental Realty Co., Inc.

Investment Insights

Based on property information with market context.

This triplex contains 2,744 square feet and dates to 1900. All three units are currently rented, and the property is being conveyed as-is.

The buyer will be responsible for meeting applicable Borough use and occupancy requirements. The property is at 547 Cherry Street in Norristown, Pennsylvania. The seller also has 543 Cherry Street and the triplex at 545 Cherry Street available for a combined sale.

Key Highlights

  • Three‑unit residential property with 2,744 square feet
  • Fully rented at the time of sale
  • 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
100%
Occupancy

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
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Frequently Asked Questions

What type of property is this?
Triplex - The three-unit property is fully occupied and offered in its current as-is condition.
Where is this triplex located?
The property is located at 547 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‑unit residential property with 2,744 square feet; Fully rented at the time of sale; Built in 1900
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