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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by Edward G Rogers • Honest Real Estate

$1,150,000

Est. payment - /mo

1.5 Acres Lot

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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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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

2952-54 DEKALB PIKE Norristown, PA 19401

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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