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242 New St
Last updated December 8 at 3:20 AM

242 New St

(215) 576-1903
Norristown · 242 New Street


242 New Street, Norristown, PA 19401


On-site laundry
Patio / balcony
Pet friendly
Unit Amenities
patio / balcony
Property Amenities
cats allowed
dogs allowed
pet friendly
on-site laundry
Tremendous opportunity to own your own home by renting with an option to purchase!!!

First the property: Amazing 3-bedroom, 2.5-bathroom house in Norristown. Large Corner Lot, Twin, In Great Location-Near Schools & Major Routes. Laundry Room, Garage, large yard & Fenced Patio Area. Gas Heat, Gas Hot Water Heater -Nice Home!! Pets welcome.

Next, the Deal: Rent this home, upgrade it and customize it as you desire! Then when you are done, exercise your option to purchase it and make it your own!

Now the Particulars: Property will be available: Jan 1st 2022. Rent is $2,100/month rent. A Non-refundable "Option Fee” of $6,000 required prior to move-in. This fee locks in Your Purchase Price at $220,000 and secures your right to exercise your option to purchase the property at the end or your rental period. However, we will provide a credit of $500/mo. ($6,000/yr.) toward the purchase price if the option to purchase is exercised. Lease term is negotiable, 1-3 years depending on personal situations.

Now Reality Check: This is not a "To Good to Be True Offer". This is a good property, in a solid area but it needs work. We don't want to start upgrading this property now; Instead, we are making this property available to someone looking to own a home, but has barriers to getting a mortgage. If you will do the work so we don't have to, we will invest in you instead of the Contractors.

Final Caveat: Build credit by making on time rental payments. We will report to credit bureaus.

Finally, the Disclaimers: This ad does not spell out the all the details of the offer, that can only be done by contracts. And.... A PA Licensed Real Estate Agent has Financial Interest in this Property.

Now Your Next Steps: Submit the form on this page to learn more.

Property Details (Fees & Lease)

Income Requirement

Must have 3x the rent in total household income (before taxes)
UtilitiesRenter responsible for all utilities
Pet Policy

Pets allowed
Cats, dogs
Parking DetailsGarage lot.

Explore the Area

Grocery Stores

0.7 mi
DeKalb Supermarket
0.7 mi
Dominican Super Deli
0.7 mi
Pub Deli
0.8 mi
A. Altieri & Sons
0.9 mi

Delish Soul Food
0.1 mi
Taste of the Islands
0.3 mi
Bay Crab House
0.5 mi
0.5 mi
Golden Dragon
0.6 mi
Public Transportation

Elm Street
0.9 mi
Elm Street
0.9 mi
Norristown Transportation Center
1.2 mi
Norristown Transportation Center
1.2 mi
Main Street
1.2 mi

Wings Field
3.1 mi
Kunda Airport
7.1 mi
Perkiomen Valley Airport
7.5 mi
Horsham Valley Airways, Inc. Heliport
9.5 mi
Altemose Ultralight Flightpark
10.1 mi

3 /10
Hancock El School
391 Students
0.2 mi
4 /10
Eisenhower Middle School
730 Students
0.6 mi
2 /10
Roosevelt Altern School
118 Students
0.8 mi
3 /10
Gotwals El School
436 Students
0.8 mi
4 /10
Cole Manor El School
460 Students
0.8 mi
Data provided by GreatSchools. Ratings are based on test scores and additional metrics when available.

Bartash Park
0.1 mi
Scag Cottman Park
0.5 mi
Simmons/MLK Park Complex
0.6 mi
Martin Luther King, Jr. Memorial Park
0.6 mi
Simmons/MLK Park Complex
0.7 mi

0.5 mi
George Washington Carver Community Center
0.6 mi
Montgomery County-Norristown Public Library
0.6 mi
Elmwood Park Zoo
0.7 mi
U Sports
0.8 mi

Cats Only
0.2 mi
2.2 mi
King of Prussia Veterinary Hospital
2.6 mi
Hickory Veterinary Hospital
2.6 mi
Hickory Pet Inn
2.7 mi

Getting Around

The part of Norristown that 242 New St is in has a Walk Score ® of undefined, which means that this area is .
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Frequently Asked Questions

Frequently Asked Questions (FAQs)

How much is rent in Norristown, PA?

For information on rent prices and other rental trends in the area, check out our monthly Norristown Rent Report.

What amenities does 242 New St have?

Some of 242 New St's amenities include on-site laundry, patio / balcony, and pet friendly. To see the other amenities this property offers, check out the Amenities section.

Is 242 New St currently offering any rent specials?

242 New St is not currently offering any rent specials.

Is 242 New St pet-friendly?

Yes, 242 New St is pet friendly.

Does 242 New St offer parking?

Yes, 242 New St offers parking.

Does 242 New St have units with washers and dryers?

No, 242 New St does not offer units with in unit laundry.

Does 242 New St have a pool?

No, 242 New St does not have a pool.

Does 242 New St have accessible units?

No, 242 New St does not have accessible units.

Does 242 New St have units with dishwashers?

No, 242 New St does not have units with dishwashers.

Does 242 New St have units with air conditioning?

No, 242 New St does not have units with air conditioning.
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