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Sharon Brown

sharon@luxurylivingsold.com +1(703) 472-3686

Listed by Edward G Rogers • Honest Real Estate

$ 1,150,000

Est. payment | -/mo

1.5 Acres Lot

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$ 1,150,000

Est. payment | -/mo

Save Virtual Tour

1.5 Acres Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAMC2171192

Year Built 1920

Annual Tax Amount $4,012

Tax Year 2025

Lot Size 1.503 Acres

Acres 1.5

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Rare opportunity to acquire a fully renovated, multi-structure investment package at 2952–2954 Dekalb Pike, consisting of three buildings, five rental units, and two parcels. 2952 Dekalb Pike is a duplex featuring a 2-bedroom, 1-bathroom unit on the first floor and a 1-bedroom, 1-bathroom unit on the lower level, both completely remodeled. 2954 Dekalb Pike is a three-unit property that includes a main house with two units, each offering 2 bedrooms and 1 bathroom (first and second floor), along with a separate rear cottage featuring a 1-bedroom, 1-bathroom layout. All units have been fully renovated, creating a turnkey investment opportunity. Currently, three of the five units are rented, with a projected annual gross rental income of approximately $102,000 once fully stabilized. This provides immediate income with additional upside as remaining units are leased. The property sits on a unique parcel with a stream running through the grounds, adding character and tenant appeal rarely found in multifamily offerings. There is also ample off-street parking to support all units. Being sold as a package, this offering delivers five total rental units across two parcels, making it ideal for investors seeking scale, strong rental potential, and a recently renovated asset with minimal capital expenditure needed.

Location

State PA

County Montgomery

Area East Norriton Twp (10633)

Zoning 5 UNITS TOTAL

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Ceramic Tile, Luxury Vinyl Plank

Inclusions All existing appliances that are owned by seller.

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 10

Garage N

Building

Lot Description Backs to Trees, Landscaping, Rear Yard, Private, SideYard(s), Stream/Creek, Year Round Access

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Norristown Area

Others

Tax ID 33-00-01915-005

Ownership Fee Simple

Security Features Surveillance Sys

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

+1(703) 472-3686

sharon@luxurylivingsold.com

3 S Madison St, Middleburg, VA 20117, USA

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2952-54 DEKALB PIKE Norristown, PA 19401