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$1,600,000
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Property Description
Location Location Location! Welcome to 'Patrick Flats', a stunning fully occupied 6 units - legally zoned as 5 residential & 1 live/work - in the heart of Fishtown / Norris Square. The building cash flows beautifully, heck this building Cash Flies!!!!...offering more than $150,000 in annual revenue with room to grow since existing leases below are market rent values!! Or, consider being the Owner & Occupant where you can Live and / or Work in one & enjoy the income from the other 5 units. All are unique, beautiful, large, naturally lit, open space custom lofts with new interior finishes, new roof, new electrical service, upgraded mechanicals, original refinished floors & filled with incredible architectural details & awesome tenants! This incredible opportunity pencils as a great for an investor & for an owner occupant!! Entire building and all units renovated in 2023-24 with Permits and updated to the most current 2018 IBC (International Building Code). All units offer stainless steel appliances, dishwasher, butcher block counters, in unit washer / dryer, central air, gas heat/hot water, along with hydronic radiant heated floors in most units for the most efficient and comfortable conditioned space. Patrick Flats was crafted by Internationally Awarded design-build firm Onion Flats as an adaptive reuse that has become one of the nicest boutique buildings in Philadelphia. Have I mentioned the location??? Walk to everything: Frankford Ave, Berks St SEPTA, ReAnimator Coffee, Stateside, Star Bolt, Evil Genius, Loco Pez, Phila Brewing Co, Honeygrow, Suraya, The International, Kalaya Thai, LMNO, Riverwards Market, Buzz Cafe, Palmer Park, Konrad Square, and so on & so on. This is the hottest neighborhood Philadelphia has to offer! Here is your opportunity to make the investment of a lifetime as a result of just great timing! These units are true lofts & deliver living / working space way beyond the generic vanilla boxes being built all over the City. This is why we have been 100% occupied since gaining our Certificate Of Occupancy! Come see this special property for yourself. Listing can also be viewed via Multi Family MLS # PAPH2476468 & Residential MLS # PAPH2469828
Full Property Details
Full Property Details for 111 W Norris St
General
- Price: $1,600,000
- Taxes: $3,820 (2024)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2469818
- Updated: 12/17/2025
- Added to Site: 279 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Parking Type: On Street
Location
- Area: 19122 (19122)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: GPS
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Radiant, 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Year Built: 1940
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Dimensions: 109.00 x 26.00
- Zoning: IRMX
Financial Considerations
- Assessment Year: 2024
- School Tax: $2,139
- City/TownTax: $1,680
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $272,900
- Tax Amount: $3,820
- Tax Year: 2024
Disclosures and Reports
- Ownership: Other
- Lot Number: 295
Listed by Keller Williams Main Line, John D McDonald
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Schools
Schools serving 111 W Norris St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Moffet John School 127 West Oxford Street, Philadelphia, PA 19122 | K-5 | 0.4 mi |
Penn Treaty Middle School 600 East Thompson Street, Philadelphia, PA 19125 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 111 W Norris St
Date
Details
Price
Change
Source
12/01/2025
Price Reduced
$1,600,000
-11.11%
MLS
4/15/2025
Listed
$1,799,900
79.99%
MLS
4/05/2019
Sold
$1,000,000
—
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 111 W Norris St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,279
100%
$520,000
100%
2024
-100%
100%
2021
$3,638
-5%
-100%
2023
$3,820
5%
$272,900
5%
2020
$3,638
1%
$259,900
1%
2019
$3,616
9%
$258,300
9%
2018
$3,309
37%
$236,400
37%
2017
$2,410
—
$172,200
—
2016
$2,410
4%
$172,200
—
2015
$2,307
—
$172,200
—
2014
$2,307
-43%
$172,200
314%
2013
$4,065
—
$41,600
—
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 111 W Norris St
111 W Norris Street, Philadelphia, PA 19122 (MLS# PAPH2469818) is a Apartment property. 111 W Norris Street is currently listed for $1,600,000 and was received on April 15, 2025. Want to learn more about 111 W Norris Street? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

