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212 Pearl St, Norristown, PA, 19401

$550,000

Home List Price

$6,531*

Closing Credit

7 Bedrooms
2 Full Baths
Townhouse

Location

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212 Pearl St, Norristown$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingOn Street
Year Built1900
HeatingRadiant
CoolingNone
BasementYes
MLS #PAMC2116762
Lot Size0.05 Acres
StatusActive
(ACTIVE)

About 212 Pearl St

A unicorn turn key property in Norristown bringing in excellent rental income for any investor. Unique multi-family style investment. RARE, 7 BEDROOM, updated legally designated rooming house functioning as a multi-tenant property, fully occupied with clean U&O. Due to the local zoning regulations it is almost impossible to obtain a license for a new rooming house, or group home unless you find one that is already licensed and grandfathered in. This is your chance to own one of the few legal rooming houses in Norristown. The house can be kept as-is, fully rented and already bringing in great monthly income, or use as a group home, veteran home, the opportunities are endless. Seller will take full responsibility for all use and occupancy requirements. Certificate of occupancy to be provided at closing. Building is fully occupied and already bringing in $5,600 per month at over a 9% CAP rate!! This is your chance to own this turn key, one of a kind property and start collecting rent checks immediately!

Property Details

Property Features

Property Information:

  • Architectural Style: Side-by-Side
  • Year Built: 1900
  • Stories: 3

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (215) 641-2727
  • Listing Agent: Michael J Marchese

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: On Street

Virtual/3D Tour

  • 3D Tour: 212 Pearl St
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Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

Other

Directions Information:

  • Directions: Keep middle onto W Airy St. Turn left onto Astor St. Go for 413 ft. Turn right onto W Main St. Go for 390 ft. Turn left onto Chain St. Go for 492 ft. Turn left onto W Lafayette St. Go for 249 ft. Turn left onto Pearl St. Go for 151 ft. Arrive at 212 Pearl Street, Norristown

Municipality:

  • Norristown Boro

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000

Tax Information:

  • Annual Amount: $2,213
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Norristown, PA.

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Norristown, PA

City

Med. Sold Price

$336.8K

Med. Price/SqFt

$203

Avg. Days On Market

29

# of Sold Homes

53

212 Pearl St vs Norristown

57 DAYS ON ROCKET

+28 Days

$550,000

+$213.1K More

KEY TAKEAWAY

This property is $213.1K more than the Median Sold Price in Norristown, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAMC2116762

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (215) 641-2727
  • Listing Agent: Michael J Marchese

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 12:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 21, 2016Home Sold
$80,000
Oct 05, 2009Home Sold
$190,000
Aug 25, 2008Home Sold
$140,000
Apr 13, 2005Home Sold
$84,000
May 11, 2004Home Sold
$100,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,213$38,000
2020$2,147$38,000
2019$2,107$38,000
2018$2,068$38,000
2017$1,936$38,000

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-219458
5
/10

  • Gotwals Elementary School

  • 1 E Oak St

  • 0.54 miles

  • Public District Grades 1-4

school-card-donut-219459
6
/10

  • Marshall Street Elementary School

  • 1525 W Marshall St

  • 1.01 miles

  • Public District Grades KG-4

school-card-donut-219460
6
/10

  • Bridgeport Elementary School

  • 900 Bush and School Lane

  • 1.18 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,667. Typical income of Norristown, PA residents is between $35k-100k annually. Residents typically live in single, with kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 212 Pearl St

What is the listing price of this property?

The listing price of 212 Pearl St property is $550,000.

What type of property is this?

The property 212 Pearl St is a townhouse located in Norristown, Pennsylvania, 19401.

Is this property for sale now?

Active Listing: 212 Pearl St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,213 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 21, 2016 for $80,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 212 Pearl St has 7 bedrooms and 2 bathrooms.

What is the square footage of this property?

The sq. ft. of 212 Pearl St is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 212 Pearl St is 1900.

Rocket Homes›Pennsylvania›Montgomery County›Norristown›19401›212 Pearl St

This home is located at 212 Pearl St in Norristown, PA and zip code 19401. This home, which was built in 1900, sits on a 0.05 acre lot. Features: 7 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $550,000.

In October 2024 more than 17 listings in Norristown, PA were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 20 were sold below. The number of listings in Norristown, PA increased by 14.7% between September 2024 and October 2024. In October 2024 median list price was $336,875 and the average listing age was 29 days.

From Rocket Homes Real Estate and based on county public records data.

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