Two-Unit Mixed-Use
107 W STATE Street Kennett Square, PA 19348
For Sale
Under Contract
$625,000
MULTI_FAMILY - KENNETT SQUARE, PA
Property Size2,792 SF
Lot Size0.03 Acres
Price / SF$223.85
Days on Market138
Property Features for 107 W STATE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Family Room
- Parking features
- On Street
- Interior features
- Bathroom - Stall Shower, Family Room Off Kitchen, Kitchen - Eat-In
- Appliances
- Dryer, Refrigerator, Stove, Washer
- Standard status
- Active Under Contract
- Size
- 2,792 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4464
Utilities
- Heating system
- Radiant
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick Front
Listing Agency:
RE/MAX Ace Realty
(484) 712-0009
Listed By:
Renzo Naimo · License #RM424734
(610) 401-7575
Added: Mar 10
Changed: Jul 23
Last Checked: Jul 25 at 7:06AM
MLS# PACT2119306
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two-unit mixed-use building at 107 W State Street featuring a first-floor retail or professional office space and a second-floor residential apartment. The commercial space includes tall ceilings, hardwood flooring, and an updated bathroom with a storage closet to the back. The residential unit offers two bedrooms plus a bonus room and one bathroom, and it is currently leased with tenants who would like to stay. Buyers should confirm acceptable uses with the Borough of Kennett Square.
Located on the borough’s main thoroughfare in downtown Kennett Square, the property is positioned for visibility and access to the area’s walkable activity. The listing notes steady foot traffic associated with recurring community events and downtown gatherings.
Located on the borough’s main thoroughfare in downtown Kennett Square, the property is positioned for visibility and access to the area’s walkable activity. The listing notes steady foot traffic associated with recurring community events and downtown gatherings.
Key Highlights
- Two‑unit mixed‑use property in downtown Kennett Square with a first‑floor commercial space and a second‑floor apartment
- First‑floor space includes tall ceilings, hardwood flooring, and an updated bathroom with a storage closet
- Second‑floor apartment has 2 bedrooms plus a bonus room and 1 bathroom; currently leased with tenant desire to stay
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $26.04 |
| − Vacancy | −$14.2k | −$5.08 |
| EGI | $58.5k | $20.96 |
| − OpEx | −$14.6k | −$5.24 |
| NOI | $43.9k | $15.72 |
2,792 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$627.1K
$548.7K – $731.6K
NOI $43,895 @ 7.0% cap · market cap 7.02%
Second Best
Multifamily LT 5
$458.3K
$401.0K – $534.7K
NOI $32,083 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$846.5K
$740.7K – $987.6K
NOI $59,255 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit property with first-floor retail or office space and a leased second-floor 2-bedroom apartment with bonus room.
Where is this duplex located?
The property is located at 107 W STATE Street Kennett Square, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit mixed‑use property in downtown Kennett Square with a first‑floor commercial space and a second‑floor apartment; First‑floor space includes tall ceilings, hardwood flooring, and an updated bathroom with a storage closet; Second‑floor apartment has 2 bedrooms plus a bonus room and 1 bathroom; currently leased with tenant desire to stay
