544 Haws AveNorristown, PA 19401

For Sale
$495,000

Prime location, high-traffic area, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional three-story, 3,797 square foot building in Norristown, Pennsylvania, presents a unique investment opportunity. Located on Haws Avenue, just off the recently renovated Markley Street, this property boasts a blend of commercial and residential space. The first floor currently operates as a doctor's office, complete with a reception area, private office, restroom, and multiple examination rooms. Upstairs, two apartments—one with one bedroom and the other with two—provide consistent rental income, currently at 100% occupancy. The building features individual entrances for each unit, offering flexibility for future use. A large unfinished basement provides ample storage. The property sits on a 9,102 square foot lot and includes ample on-street parking and a private rear yard. Its convenient location near the Norristown-Manayunk SEPTA stop and Main Street ensures high visibility and accessibility. The property is zoned R-2 and is offered fee simple. The buyer is responsible for obtaining all necessary use registration and occupancy permits from the Municipality of Norristown. This location offers easy access to King of Prussia, Plymouth Meeting Mall, Einstein Hospital, and the Montgomery County Courthouse, all within a 10-minute radius. This versatile property is ideal for both investors seeking strong rental returns and owner-users looking for a combined commercial and residential space. The building was constructed in 1910. The asking price is $495,000, translating to $130.37 per square foot.

Highlights

  • Investment opportunity in Norristown Borough.
  • Commercial building on Markley Street in Norristown Borough, currently a doctor's office.
  • Features reception area, private office, restroom, and exam rooms.
  • Includes one 1-bedroom and one 2-bedroom apartment, with potential rental income of $45,000-$50,000 annually.
  • Convertible to a third apartment or additional office space; individual unit entrances.
  • Large unfinished basement for storage.

Property Details for 544 Haws Ave

Property type
Multifamily properties, Other mixed-use properties
Square Feet
3,797 SF
Year Built
1910
Buildings
1
Stories
3

Location Insight

City
Norristown
County
Montgomery
State
Pennsylvania
Latitude
40.1207988
Longitude
-75.3515229
544 Haws Ave, Norristown, Pennsylvania

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544 Haws Ave
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