Sign Up Successful!
You now have access to more from Realmo!
    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

    402 W Union St West Chester, PA 19382

    Sponsored
    For Sale
    $1,000,000

    Multi-Family, Detached - WEST CHESTER, PA

    Lot size:
    0.18 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 21 at 6:06 am

    Property Features for 402 W Union St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Parking features
    Garage, Garage - Detached, Off Street, On Street
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Hot Water (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1930
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Kyle C McKnett

    Long & Foster Real Estate (888) 536-0216

    Listing agent Kyle C McKnett (888) 536-0216

    Listing date Feb 13, 2026

    MLS# PACT2117190 Listing URL

    Copyright © 2026 Long & Foster Real Estate. 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

    West Chester Borough Triplex

    This triplex presents a prime opportunity in the heart of West Chester Borough, located minutes from downtown West Chester, West Chester University, dining, and shopping. Situated just one block from Everhart Park, the property offers convenient access to green space, walking trails, and recreational amenities. The property features three residential units with a versatile layout, providing solid income potential and long-term upside. The generous square footage, classic borough charm, and central location make this a consistently desirable rental for tenants. Separate living spaces allow flexibility for traditional rentals or owner-occupancy with supplemental income. The property is situated on a 0.18-acre lot. Properties like this are increasingly rare in the borough, don't miss your chance to own in one of Chester County's most sought-after markets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.60837555
    Latitude
    39.95407867

    Nearby Similar for Sale

    • $200,000
      1,900 SF

      Profitable Bonchon Franchise Opportunity

      Thriving Bonchon Chicken franchise restaurant for sale in West Chester.
      124 Market St, West Chester, PA 19382
      View Details
    • $200,000

      Smoothie Shop Business Opportunity

      Fully operational smoothie shop in West Chester, PA for sale.
      1502 W Chester Pike, West Chester, PA 19382
      View Details
    • Contact for pricing
      19,043 SF

      West Chester Flex Condo Building

      Class A office/flex condo building for sale in West Chester.
      900 Airport Rd, West Chester, PA 19380
      View Details
    • $399,900
      1,608 SF

      West Chester Townhome with Amenities

      Move-in ready townhome near West Chester University with community amenities.
      846 Amber Ln, West Chester, PA 19382
      View Details
    • Contact for pricing

      West Chester Pike Diner Opportunity

      Family-owned diner on 1.75 acres with high traffic.
      1147 W Chester Pike, West Chester, PA 19382
      View Details
    • Contact for pricing
      6,133 SF

      Modern Office Space in West Chester

      Premier leasing opportunity in a vibrant West Chester location.
      501 Hannum Ave, West Chester, PA 19380
      View Details
    • $465,000
      1,540 SF

      Classic Brick Twin Home

      Charming, updated 4-bedroom home near West Chester's vibrant downtown.
      130 Lacey St, West Chester, PA 19382
      View Details
    • Contact for pricing
      6,605 SF

      Mixed-Use Building in Downtown West Chester

      Fully leased, renovated mixed-use building with on-site parking.
      26 S Church St, West Chester, PA 19382
      View Details
    • Contact for pricing
      1,547 SF

      Charming Twin in West Chester

      Updated twin in West Chester Boro, walkable to Market Street.
      26 W Miner St, West Chester, PA 19382
      View Details
    • $365,000

      Move-In Ready Condo in Exton

      Well-maintained condo with modern updates and convenient location.
      543 Astor Sq, West Chester, PA 19380
      View Details
    • Contact for pricing
      27,971 SF

      Modern Office Building on Acres

      27,971 SF office building on 5.2 acres for sale.
      1333 Lenape Rd, West Chester, PA 19382
      View Details
    • $9,900,000
      25,000 SF

      Hershey's Mill Golf Club Sale

      18-Hole Private Golf Course, PA
      401 Chandler Dr, West Chester, PA 19380
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex near downtown, West Chester University, and Everhart Park.
    Where is this triplex located?
    The property is located at 402 W Union St West Chester, PA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime location in the heart of West Chester Borough, minutes from downtown, university, dining, and shopping.; - Triplex with three residential units offering solid income potential and long-term upside.; - One block from Everhart Park, providing green space, walking trails, and recreational amenities.
    (888) 536-0216
    Request Owner's contact information
    402 W Union St West Chester, PA 19382
    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.
    402 W Union St
    West Chester, PA 19382
    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
    402 W Union St West Chester, PA 19382
    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
    Kyle C McKnett
    (888) 536-0216
    Learn more
    Google sign-in failed. Please try again or use another login method.