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$1,500,000 Just Listed
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Property Description
how does this sound: Mixed-use apartment building now available for sale in Norristown. This 5,685-square-foot property features five licensed residential rental units in addition to first-floor a convenience store and a commercial space occupied by El Gordo Bros. The restaurant is a well-established local business serving authentic Mexican food as well as American Food. El Gordo Bros. took over the restaurant formally known as Alfredo's, which was at this location for 50 years. The restaurant and convenience store occupies the entire first floor. The second floor includes three residential units: a two-bedroom apartment with a private outdoor deck and separately metered utilities, including heat and hot water, along with two efficiency units with separate electric meters. The third floor offers two additional licensed boarding-room units, all in good condition. All residential units and the restaurant are properly licensed. The building will meet all Municipality of Norristown requirements, including the latest fire-egress safety standards. Ideally situated at the western end of Norristown, just below the West Norriton Township line, this property offers a strong investment opportunity in a growing commercial corridor. Nearby national retailers and franchises include Chase Bank, Dunkin', McDonald's, Domino's, Royal Farms, Aaron's, and more. Note: The Restaurant is owned by the Seller and there is a Lease in place. The current Restaurant Tenant is willing to remain in place after the sale. The Owner of the Restaurant will entertain any Buyers who are interested in purchasing the restaurant as well. The the purchase price includes the restaurant and convenience, store, businesses, and all equipment that isn't leased take advantage of this amazing opportunity with multiple sources of income in one of the areas fastest growing towns!
Full Property Details
Full Property Details for 1132 W Main St
General
- Price: $1,500,000
- Taxes: $11,650 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAMC2188764
- Updated: 7/24/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Apartment Building, Restaurant/Bar, Other/General Re
Interior
- Flooring: Vinyl
Rooms
Bathrooms
- Restrooms: 1
Additional Information
- Security/Safety: Main Entrance Lock, Electric Alarm
Parking
- Total Spaces: 2
- Parking Type: Driveway
Location
- Area: Norristown Boro (10613)
- Municipality: NORRISTOWN BORO
- County: MONTGOMERY
- Subdivision: NORRISTOWN
- Cross Streets: Hamilton
- Driving Directions: West on Main St. located on left corner of Main & Hamilton St.'s
- Traffic Count: 10000-14999
- Location Details: Corner Lot/Unit
School Information
- High School: Norristown
Heating & Cooling
- Cooling Type: Other, Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Asphalt, Brick, Concrete, Copper Plumbing, Masonry, Mixed Plumbing
- Foundation: Stone
- Roof: Asphalt, Rubber, Shingle
- # Loading Docks: 1
- Entry Floor Number: 1
- Stories/Levels: 3
- Year Built: 1910
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6, Unit 7
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,400
- Lot Size Source: Assessor
- Lot Dimensions: 40.00 x 0.00
- Street/Road Desc.: Black Top
- Fence: Yes
- Zoning: COMM. OFFIC, RETAL, APTS
Financial Considerations
- Assessment Year: 2026
- School Tax: $7,146
- City/TownTax: $3,429
- City/TownTax Freq: Annually
- County Tax: $985
- County Tax Freq: Annually
- Tax w/Assessment: $180,490
- Tax Amount: $11,650
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenants' personal belongings
- Lot Number: 24
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 1132 W Main St
School District:Norristown Area School District
| Name | Grades | Distance |
|---|---|---|
Stewart Middle School 1315 West Marshall Street, Norristown, PA 19401 | 5-8 | 0.3 mi |
Whitehall El School 399 North Whitehall Road, Norristown, PA 19403 | K-4 | 1.6 mi |
Norristown Area High School 1900 Eagle Drive, Norristown, PA 19403 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1132 W Main St
Date
Details
Price
Change
Source
7/24/2026
Listed
$1,500,000
66.67%
MLS
8/23/2024
Sold
$900,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1132 W Main St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$11,515
1%
$180,490
—
2025
$11,388
3%
$180,490
—
2023
$11,078
1%
$180,490
—
2022
$10,979
2%
$180,490
—
2021
$10,742
2%
$180,490
—
2020
$10,509
3%
$180,490
—
2020
$10,198
2%
$180,490
—
2019
$10,011
2%
$180,490
—
2018
$9,824
7%
$180,490
—
2017
$9,194
3%
$180,490
—
2016
$8,905
2%
$180,490
—
2015
$8,740
4%
$180,490
—
2014
$8,379
—
$180,490
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1132 W Main St
1132 W Main Street, Norristown, PA 19401 (MLS# PAMC2188764) is a Apartment property. 1132 W Main Street is currently listed for $1,500,000 and was received on July 24, 2026. This property is listed by Michael Marchese from our Blue Bell Office.Want to learn more about 1132 W Main Street? Do you have questions about finding other Apartment real estate for sale in Norristown? You can browse all Norristown real estate or contact a Coldwell Banker agent to request more information.


