Don’t miss this rare chance to own a four-unit apartment building in the rapidly growing Norris Square neighborhood of Philadelphia. This property is perfectly positioned just one block from Norris Square Park and within walking distance of Fishtown’s renowned restaurants, cafes, and nightlife. With easy access to public transportation, tenants will enjoy seamless commutes and connectivity to Center City and beyond. The neighborhood’s continued development makes this a strong long-term investment with significant upside potential. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer seeking reliable rental income, this property offers both immediate cash flow and future appreciation in one of the city’s most vibrant and up-and-coming areas. Rental Income: 1st floor 2 bedroom - $1450 mth. 2nd floor front studio - $975 mth. 2nd floor rear studio - $950 mth. 3rd floor studio - $925 mth. All utilities paid by tenants except for water. Water bill - averages $133 month/$1596 yr. Common area - about $37 month/$444 yr. Landlord is paying $3700 a year in building insurance. Taxes are $6385 a year.
Listed by Abe Thomson
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License #RS337723
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RE/MAX Ready
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2158057711
Last updated October 22, 2025
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Source: BrightMLS #PAPH2542358
Listing Facts
TypeSingle-family
NeighborhoodWest Kensington
Bedrooms4
Bathrooms4
Days on Prevu14
Taxes$7,130/year
Size2,527 sqft
Price per sqft$178
Location
Mortgage Calculator
Listing History
10/22/2025
Price Decreased
$449,900
10/08/2025
Listed by RE/MAX Ready
$495,000
Property Details for 171 W Norris Street
Exterior
Construction
New Construction: No
Year Built: 1920
Architectural Style: Other
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.04
Lot Size Dimensions: 22
Lot Size Source: Assessor
Lot Size Square Feet: 1,760
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $7,130.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 2,527
Living Area Source: Assessor
Rooms
Basement: Unfinished
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 4
Main Level Bedrooms: 1
Other
General
Senior Community: No
Location
Subdivision Name: NORRIS SQUARE
Tax Lot: 279
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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