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$524,900 Just Listed

  • For Sale
  • Active
  • Apartment
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5 UNITS Welcome to 315 W Fornance St, Norristown, PA 19401! Exceptional 5-unit cash-flowing property located in the heart of Norristown. Purchase and run it as-is with immediate positive cash flow, or optimize for even higher yields. Check the numbers below for detailed investor information and financial performance. The building offers a mix of three one-bedroom units and two studios, all currently leased. The one-bedroom units rent for $1,044, $945, and $918 per month, and the studios rent for $971 and $803 per month. Leases are in place on all five units and run into 2027, which gives a buyer stable, predictable income from day one. Current monthly rents total $4,681, for annual rents of $56,172. Known expenses are $8,921, made up of $5,321 in real estate taxes, which include trash service, and $3,600 in insurance. This is a strong opportunity for an investor looking to add scale to a portfolio with one closing and one property to manage. Contact us today for more details or to schedule a showing.

Full Property Details for 315 W Fornance St

General

  • Price: $524,900
  • Taxes: $5,321 (2026)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAMC2196844
  • Updated: 10/7/2026
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Apartment Building

Interior

  • Flooring: Carpet, Wood, Vinyl

Rooms

Bathrooms

  • Restrooms: 5

Parking

  • Total Spaces: 8
  • Parking Type: On Street

Location

  • Area: Norristown Boro (10613)
  • Municipality: NORRISTOWN BORO
  • County: MONTGOMERY
  • Subdivision: NORRISTOWN
  • Cross Streets: Markley St
  • Driving Directions: To get to 315 W Fornance St from central Norristown, start by heading north on Powell Street toward West Wood Street. From Powell Street, make a left turn onto West Wood Street, then take your next right onto North Markley Street (PA-202 North) Continue briefly on North Markley Street and turn right onto West Fornance Street. Proceed down W Fornance Street for approximately one block, and the destination at 315 W Fornance Street will be located on your left.

School Information

  • Elementary School: Hancock
  • Middle School: Eisenhower
  • High School: Norristown Area

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Aluminum Siding, Brick
  • Basement: Yes
  • Foundation: Concrete Perimeter, Brick/Mortar
  • Roof: Shingle
  • Building Size: 2630
  • Year Built: 1920
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,436
  • Lot Size Source: Assessor
  • Zoning: R2

Financial Considerations

  • Price Per Sq. Ft.: $199.58
  • Assessment Year: 2026
  • School Tax: $3,313
  • City/TownTax: $1,566
  • City/TownTax Freq: Annually
  • County Tax: $450
  • County Tax Freq: Annually
  • Tax w/Assessment: $82,450
  • Tax Amount: $5,321
  • Tax Year: 2026
  • Owner Pays: Insurance, Management, Taxes - Real Estate

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 87

Listed by Springer Realty Group, Gregory Martire

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Listing agent

— 315 W Fornance St —

  • Gregory Martire

    Springer Realty Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 315 W Fornance St

School District:Norristown Area School District
NameGradesDistance
Eisenhower Middle School
1601 Markley Street, Norristown, PA 19401
5-80.3 mi
Hancock El School
Arch & Summit Streets, Norristown, PA 19401
1-40.6 mi
Ray S. Musselman Learning Center
1020 Sandy Street, Norristown, PA 19401
K-1.3 mi
Norristown Area High School
1900 Eagle Drive, Norristown, PA 19403
9-121.8 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 315 W Fornance St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$524,900
184.21%
MLS
11/16/2021
Sold
$184,688
—
Public Record
Get Price Alerts and Save Property
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 for 315 W Fornance St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,260
4%
$82,450
—
2024
$5,061
—
$82,450
—
2023
$5,061
1%
$82,450
—
2022
$5,015
2%
$82,450
—
2021
$4,906
2%
$82,450
—
2020
$4,800
3%
$82,450
—
2020
$4,659
2%
$82,450
—
2019
$4,573
2%
$82,450
—
2018
$4,488
7%
$82,450
—
2017
$4,200
3%
$82,450
—
2016
$4,068
2%
$82,450
—
2015
$3,993
4%
$82,450
—
2014
$3,828
—
$82,450
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Springer Realty Group, Gregory Martire

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315 W Fornance Street, Norristown, PA 19401 (MLS# PAMC2196844) is a Apartment property. 315 W Fornance Street is currently listed for $524,900 and was received on October 07, 2026. Want to learn more about 315 W Fornance 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.

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