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Property Description
PACKAGE DEAL ONLY! WILL NOT BE SOLD INDIVIDUALLY. Exceptional investment portfolio deal featuring 19 total properties/units across Norristown, PA (19401). Generating a total gross monthly income of $40,095.00 ($481,140.00 annually) with total annual property taxes of $49,439.00, offered at a strong 10% Cap Rate with an asking price of $4,919,400.00. Included Properties & RentBreakdown: 1321 Redwood Ln: 4 Bed / 2 Bath ($2,280/mo) 107 Stanbridge St: 4 Bed / 1 Bath ($2,200/mo) 145 W Elm St: 4 Bed / 1 Bath ($1,900/mo) 151 W Elm St: 4 Bed / 1 Bath ($2,135/mo) 153 W Elm St: 4 Bed / 1 Bath ($2,000/mo) 157 W Elm St (Triplex): Apt A ($2,050/mo) | Apt B ($1,650/mo) | Apt C ($1,698/mo) Elm St Basement Laundry: Coin-Operated Basement Laundry ($326/mo) 712 Astor St: 3 Bed / 1 Bath ($1,850/mo) 220 W Spruce St: 3 Bed / 1.5 Bath ($1,780/mo) 828 Smith St: 3 Bed / 1 Bath ($2,020/mo) 721 W Oak St: 3 Bed / 2 Bath ($1,788/mo) 234 W Spruce St: 3 Bed / 1 Bath ($1,425/mo) 770 Kohn St: 4 Bed / 1 Bath ($2,000/mo) 313 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 305 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 309 Buttonwood St: 2 Bed / 1 Bath ($1,500/mo) 717 W Oak St: 3 Bed / 1 Bath ($2,329/mo) 840 Haws Ave: 3 Bed / 1 Bath ($2,329/mo) 1032 Cherry St: 4 Bed / 1 Bath ($1,975/mo) 214 Pearl St: 4 Bed / 1.5 Bath ($2,200/mo) Package Combination Note: This 19401 Norristown package deal can also be purchased in combination with our 14-property portfolio package in Pottstown, PA (19464) or as a total mega-portfolio package.
Full Property Details
Full Property Details for 1321 Redwood Ln
General
- Price: $4,919,400
- Taxes: $49,439 (2026)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAMC2198272
- Updated: 10/23/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Wood, Vinyl
Rooms
Bathrooms
- Restrooms: 24
Parking
- Total Spaces: 4
- Parking Type: Other
Location
- Area: Norristown Boro (10613)
- Municipality: NORRISTOWN BORO
- County: MONTGOMERY
- Driving Directions: Norristown, Pennsylvania, 19401
School Information
- Elementary School: Marshall Street
- Middle School: Eisenhower
- High School: Norristown Area
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Shingle
- Building Size: 12000
- Year Built: 1960
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,600
- Lot Size Source: Assessor
- Zoning: R
Financial Considerations
- Price Per Sq. Ft.: $409.95
- Operating Expenses: $49,439
- Assessment Year: 2026
- School Tax: $2,377
- City/TownTax: $1,124
- City/TownTax Freq: Annually
- County Tax: $323
- County Tax Freq: Annually
- Tax w/Assessment: $59,160
- Tax Amount: $49,439
- Tax Year: 2026
- Owner Pays: Taxes - Real Estate
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 55
Listed by Springer Realty Group, Gregory Martire
Get Pre-Approved Today
Schools
Schools serving 1321 Redwood Ln
School District:Norristown Area School District
| Name | Grades | Distance |
|---|---|---|
Stewart Middle School 1315 West Marshall Street, Norristown, PA 19401 | 5-8 | 0.3 mi |
Marshall Street El School 1525 West Marshall Street, Norristown, PA 19403 | K-4 | 0.4 mi |
Norristown Area High School 1900 Eagle Drive, Norristown, PA 19403 | 9-12 | 1.2 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 1321 Redwood Ln
Date
Details
Price
Change
Source
10/23/2026
Listed
$4,919,400
6049.25%
MLS
5/14/2019
Sold
$80,000
—
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 1321 Redwood Ln
Year
Property Taxes
Change
Tax Assessment
Change
2026
$3,774
1%
$59,160
—
2024
$3,733
3%
$59,160
—
2023
$3,631
1%
$59,160
—
2022
$3,599
2%
$59,160
—
2021
$3,521
2%
$59,160
—
2020
$3,444
3%
$59,160
—
2020
$3,343
-32%
$59,160
-33%
2019
$4,923
2%
$88,760
—
2018
$4,831
7%
$88,760
—
2017
$4,521
3%
$88,760
—
2016
$4,379
2%
$88,760
—
2015
$4,298
4%
$88,760
—
2014
$4,121
—
$88,760
—
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 1321 Redwood Ln
1321 Redwood Lane, Norristown, PA 19401 (MLS# PAMC2198272) is a Apartment property. 1321 Redwood Lane is currently listed for $4,919,400 and was received on October 23, 2026. Want to learn more about 1321 Redwood Lane? 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.

