Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2506 W 3Rd St Chester, PA 19013

    Sponsored
    For Sale
    $235,000

    MULTI_FAMILY - Colonial - CHESTER, PA

    Property size:
    2,558 SF
    Lot size:
    0.06 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 3 at 5:06 pm

    Property Features for 2506 W 3Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Driveway
    Appliances
    Built-In Microwave, Built-In Range, Dryer, Oven/Range - Electric, Washer
    Size
    2,558 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Jacqueline J. Tobin

    CENTURY 21 ADVANTAGE GOLD (215) 671-4701

    Listing agent Jacqueline J. Tobin (215) 537-0200

    Listing date Mar 3, 2026

    MLS# PADE2105872 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Duplex in Chester Waterfront

    This meticulously remodeled duplex presents an excellent opportunity for investors. The property features two units, each with two bedrooms. One unit, the smaller of the two, is currently occupied by a tenant with a monthly rent of $1,200. The larger upper unit is set up as a two-bedroom but could function as a three-bedroom with the addition of a closet. This unit could be rented for $1,600 per month. The upper unit is also equipped for use as an AirBnB. Located in the Chester waterfront area, the property benefits from ongoing development due to its proximity to the soccer stadium. The location offers transportation options for travel to Philadelphia via regional commuter train, New Jersey, or Delaware. The airport is less than 10 minutes away. The property size is 2558 square feet and the lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.38826
    Latitude
    39.83359

    Nearby Similar for Sale

    • $549,900
      7,680 SF

      Warehouse Space on Corner Lot

      7,680 sq ft warehouse suitable for various business ventures.
      726-728 W 3Rd St, Chester, PA 19013
      View Details
    • $600,000

      Chester Commercial Buildings and Business

      Two adjacent buildings with liquor license and restaurant potential.
      58-60 W 9Th St, Chester, PA 19013
      View Details
    • $179,999
      0.07 Acres

      Commercial Building in High-Traffic Area

      Commercial building in Chester/Upland Borough, suitable for various business opportunities.
      501 W 22Nd St, Chester, PA 19013
      View Details
    • $275,000
      14,375 SF

      CHESTER, PA Fellowship Place

      Church with sanctuary, meeting rooms, parking, and apartment.
      910 Highland Ave, Chester, PA 19013
      View Details
    • $899,999

      Fully Leased Dental Office Condo

      Well-maintained dental office condominium fully leased to regional pediatric group.
      2901 Dutton Mill Rd, Aston, PA 19014
      View Details
    • New
      $194,000

      Eight-Bedroom Duplex Near Subaru Park

      Duplex with income potential near Philadelphia Union's Subaru Park.
      3038 W 2Nd St, Chester, PA 19013
      View Details
    • New
      $279,900
      0.08 Acres

      Versatile Mixed-Use Property in ASTON

      Unique property ideal for living, working, or investing.
      4301 Aston Mills Rd, Aston, PA 19014
      View Details
    • $550,000
      0.26 Acres

      Garages and Warehouse For Sale

      Eleven garages and a warehouse with potential rental income.
      125 21St St, Chester, PA 19013
      View Details
    • $550,000
      0.26 Acres

      Garages and Warehouse in Chester

      Eleven garages and a warehouse with potential rental income.
      115-117 E 21St St, Chester, PA 19013
      View Details
    • $350,000
      3,000 SF

      Chester Church Building For Sale

      Church building with kitchen, banquet room, and residential rental.
      900 E 9Th St, Chester, PA 19013
      View Details
    • $1,394,000
      10,000 SF

      Retail Property on Edgmont Avenue

      Retail property available for sale in Chester, Pennsylvania.
      1600 Edgmont Ave, Chester, PA 19013
      View Details
    • Contact for pricing

      Retail Pad Sites For Sale

      Retail pad sites available in Delaware County, Pennsylvania.
      4351 Pennell Rd, Aston, PA 19014
      View Details

    FAQs

    What type of property is this?
    Duplex - Meticulously remodeled duplex with income potential in Chester, PA.
    Where is this duplex located?
    The property is located at 2506 W 3Rd St Chester, PA.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Dual-unit property with immediate income potential: One unit is tenant-occupied at $1,200/month.; - Opportunity to occupy or rent the larger unit: Configured as a 2BR, but usable as a 3BR, with potential rental income of $1,600/month.; - Established AirBnB potential: The upper unit is fully set up for short-term rentals, potentially exceeding $1,600/month.
    (202) 910-6690
    Request Owner's contact information
    2506 W 3Rd St Chester, PA 19013
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2506 W 3Rd St
    Chester, PA 19013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2506 W 3Rd St Chester, PA 19013
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jacqueline J. Tobin
    (202) 910-6690 (215) 537-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!