Chester Income Property
2118 W 9TH Street Chester, PA 19013
For Sale
Under Contract
$155,000
MULTI_FAMILY - CHESTER, PA
Property Size1,280 SF
Lot Size0.08 Acres
Price / SF$121.09
Days on Market136
Property Features for 2118 W 9TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Standard status
Active Under Contract
Size
1,280 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
1662
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Number of units
1
Building materials
Brick
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Ronald W Halbruner Jr. · License #RS341208
(609) 602-5762
Added: Mar 16
Changed: Jun 16
Last Checked: Jul 29 at 1:06PM
MLS# PADE2108334
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.
This property in Chester, PA, presents an opportunity for investors looking for a potential income-producing asset. The property offers the chance to renovate and position it for future rental use, allowing the next owner to shape it to meet their investment goals. The property is situated in an area with an established rental presence and continued neighborhood improvements, supporting those looking to expand a portfolio and explore long-term income possibilities. The lot size is 0.08 acres, and the property size is 1280 square feet. The property is being sold strictly as-is.
Key Highlights
- Brick construction
- Central air conditioning
- Opportunity for renovation to meet specific investment goals
Financial Insights For Apartment 5plus
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 | $27.0k | $21.12 |
| − Vacancy | −$3.7k | −$2.89 |
| EGI | $23.3k | $18.23 |
| − OpEx | −$10.5k | −$8.20 |
| NOI | $12.8k | $10.02 |
1,280 SF · lease $21.12/SF/yr · vacancy 13.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$183.3K
$160.4K – $213.9K
NOI $12,831 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Investment property in Chester, PA, with renovation potential.
Where is this residential income property located?
The property is located at 2118 W 9TH Street Chester, PA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Brick construction; Central air conditioning; Opportunity for renovation to meet specific investment goals
