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551 Cherry St

Norristown, PA 19401

6 bd 5 ba 3,393 sqft Built 1890 Lot 2,050 sqft multi_family
Most recent sale
$350,000
Jan 5, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jan 5, 2024 Sold $350,000 Public Record
Dec 31, 2023 Listing removed BrightMLS
May 9, 2023 Listed $349,900 BrightMLS
Aug 8, 2019 Sold $210,000 BrightMLS
Feb 24, 2019 Listed $219,000 BrightMLS
Dec 14, 2017 Listing removed $775 ShowMojo
Nov 29, 2017 Listed for rent $775 ShowMojo
Dec 20, 2016 Listing removed $675 ShowMojo
Nov 23, 2016 Listed for rent $675 ShowMojo
Feb 4, 2012 Listing removed $185,000 BrightMLS
Feb 3, 2012 Sold $140,000 BrightMLS
Jun 11, 2010 Sold $140,000 Public Record
Apr 10, 2010 Listed $149,000 BrightMLS
Jul 24, 2009 Relisted $185,000 BrightMLS
Jun 1, 2009 Listing removed $185,000 BrightMLS

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $63,670 $3,873
2022 $63,670 $3,789
2021 $63,670 $3,770
2020 $63,670 $3,597
2019 $63,670 $3,531
2018 $63,670 $3,465
2017 $63,670 $3,243
2016 $63,670 $3,141
2015 $63,670 $3,083
2014 $63,670 $2,955
2013 $63,670 $2,955
2012 $63,670 $2,955
2011 $63,670 $2,860
2010 $63,670 $2,733
2009 $63,670 $2,655
2008 $63,670 $2,588

Property facts

Year built
1890
Property type
multi_family
Stories
Beds
6
Baths
5
Living area
3,393 sqft
Lot size
2,050 sqft
ZIP code
19401
City
Norristown
Street
Cherry St
Coordinates
40.11777, -75.34415

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,100
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 551 Cherry St last sell?
551 Cherry St most recently sold on Jan 5, 2024 for $350,000.
What is the current tax assessment for 551 Cherry St?
The most recent total assessment for 551 Cherry St (year 2023) is $63,670 with $3,873 in property tax.
How does 551 Cherry St's assessment compare to its last sale price?
The current assessment is 81.8% below the last sale price of $350,000.
When was 551 Cherry St built?
551 Cherry St was built in 1890.
How does 551 Cherry St compare to others on Cherry St?
We track 8 other properties on Cherry St. Browse the list under "Other properties on Cherry St" to compare beds, baths, and sale history.
What are the property facts for 551 Cherry St?
551 Cherry St is a 6 bed, 5 bath, 3,393 sqft, 2,050 sqft lot multi_family.
Is 551 Cherry St a flip candidate?
No — 551 Cherry St does not appear in our flips dataset.
Is 551 Cherry St a tax-appeal candidate?
No — 551 Cherry St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.7%
Implied 1-yr
+2.6%
2026 Q3
$260.9K
2026 Q4
$262.5K
ZIP 19401 — Median Price History + Forecast

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