Duplex Residential Income
For Sale
$183,000
502 W 10TH, Chester, PA 19013
Multi-Family, CHESTER, PA
Property Size1,192 SF
Lot Size0.04 Acres
Price / SF$153.52
Days on Market96
Property Features for 502 W 10TH
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
CHESTER CITY
High school
CHESTER HIGH SCHOOL - MAIN CAMPUS
Elementary school district
CHESTER-UPLAND
Middle school district
CHESTER-UPLAND
High school district
CHESTER-UPLAND
Standard status
Active
Size
1,192 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1087
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Ace Realty · RE/MAX International
(484) 712-0009
Listed By:
Yusuf Sharif
(835) 220-4600
Added: May 30
Changed: Aug 19
Last Checked: Sep 2 at 11:06AM
MLS# PADE2116468
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 for-sale duplex is configured as a two-unit residential income property, totaling 1,192 square feet on a 0.04-acre lot. The offering is categorized under duplexes and residential income properties, providing a straightforward structure for buyers seeking a small multi-family format.
Located at 502 W 10TH in Chester, PA 19013, the property sits within Delaware County. While specific site details are not provided here, the compact lot and overall building size indicate a manageable, low-footprint setup.
A duplex can suit a range of buyers, including investors looking for a two-unit residential asset or owner-occupants who prefer sharing expenses across separate units. With the property presented as a residential income duplex, it is best aligned for tenants and operators seeking a simple, multi-family configuration rather than a large-scale apartment building. Buyers should review the property directly and confirm unit layouts and any operational considerations during their due diligence, including how the current structure supports everyday tenancy and maintenance.
Located at 502 W 10TH in Chester, PA 19013, the property sits within Delaware County. While specific site details are not provided here, the compact lot and overall building size indicate a manageable, low-footprint setup.
A duplex can suit a range of buyers, including investors looking for a two-unit residential asset or owner-occupants who prefer sharing expenses across separate units. With the property presented as a residential income duplex, it is best aligned for tenants and operators seeking a simple, multi-family configuration rather than a large-scale apartment building. Buyers should review the property directly and confirm unit layouts and any operational considerations during their due diligence, including how the current structure supports everyday tenancy and maintenance.
Key Highlights
- Brick construction
- Hot water (heating)
- Year built: 1930
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,300
$261.3K
Cap Rate 7%
$186,643
$186.6K
Cap Rate 9%
$145,167
$145.2K
Market Conditions
NOI Build-Up for 1,192 SF
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.
Gross rent
$21.5K $18.00/SF
− Vacancy
−$2.8K −$2.34/SF
EGI
$18.7K $15.66/SF
− OpEx
−$5.6K −$4.70/SF
NOI
$13.1K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,300
Cap Rate 7%
$186,643
Cap Rate 9%
$145,167
Alternative Uses
Best Use
Multifamily LT 5
$186.6K
$163.3K – $217.8K
NOI $13,065 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$170.7K
$149.4K – $199.2K
NOI $11,949 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$361.4K
$316.2K – $421.6K
NOI $25,298 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex residential income property offered for sale in Chester, Pennsylvania.
Where is this duplex located?
The property is located at 502 W 10TH Chester, PA.
What is the asking price?
The asking price for this property is $183,000.
What are key features of this property?
This property features: Brick construction; Hot water (heating); Year built: 1930
