Renovated Side-by-Side
For Sale
$285,000
58-60 IRISH Lane, Coatesville, PA 19320
MULTI_FAMILY - Colonial - COATESVILLE, PA
Property Size2,203 SF
Lot Size0.05 Acres
Price / SF$129.37
Days on Market16
Property Features for 58-60 IRISH Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, Driveway
Elementary school district
COATESVILLE AREA
Middle school district
COATESVILLE AREA
High school district
COATESVILLE AREA
Standard status
Active
Size
2,203 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2508
Utilities
Heating system
Forced Air
Building Details
Year built
1780
Number of units
2
Building materials
Stucco
Architectural style
Colonial
Listing Agency:
RE/MAX Action Associates · RE/MAX International
(610) 363-2001
Listed By:
John Guerrera · License #AB061749L
(610) 909-0975
Added: Jul 27
Last Checked: Aug 11 at 10:06PM
MLS# PACT2131448
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.
58-60 Irish Lane in Coatesville presents a renovated 2-unit duplex with side-by-side living. Each unit includes a covered front porch, a new country-style kitchen, and a large living room. The second floor offers two spacious bedrooms and a newly updated bath. Additional practical features include gas hot-air heating, off-street parking, and a private yard for each unit.
The property is set on a quiet street and is described as being surrounded by 50 acres of private wooded and open space. For commuters and daily needs, it is positioned near Hibernia State Park and within reach of Downingtown and Coatesville train stations, along with shopping, restaurants, and major routes including the Route 30 Bypass, Route 202, and the Pennsylvania Turnpike.
The property is set on a quiet street and is described as being surrounded by 50 acres of private wooded and open space. For commuters and daily needs, it is positioned near Hibernia State Park and within reach of Downingtown and Coatesville train stations, along with shopping, restaurants, and major routes including the Route 30 Bypass, Route 202, and the Pennsylvania Turnpike.
Key Highlights
- Renovated 2‑unit single home with side‑by‑side layout
- Stucco exterior with Colonial architectural style
- Each unit includes a covered front porch and a NEW country eat‑in kitchen
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
$25,315
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
8.88%
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%
$506,300
$506.3K
Cap Rate 7%
$361,643
$361.6K
Cap Rate 9%
$281,278
$281.3K
Market Conditions
NOI Build-Up for 2,203 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
$42.3K $19.20/SF
− Vacancy
−$6.1K −$2.78/SF
EGI
$36.2K $16.42/SF
− OpEx
−$10.8K −$4.92/SF
NOI
$25.3K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /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%
$506,300
Cap Rate 7%
$361,643
Cap Rate 9%
$281,278
Alternative Uses
Best Use
Multifamily LT 5
$361.6K
$316.4K – $421.9K
NOI $25,315 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$341.3K
$298.6K – $398.1K
NOI $23,888 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$667.9K
$584.4K – $779.3K
NOI $46,755 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 19320, PA
54,149
Population
21,199
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
91%
High-School Grad
81.6 sq mi
ZIP Area
664
Density / Sq Mi
$88,852
Median Household Income
$44,920
Median Earnings
$1,427
Median Rent
$302,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side units with covered porches, new kitchens, gas hot-air heat, and off-street parking.
Where is this duplex located?
The property is located at 58-60 IRISH Lane Coatesville, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Renovated 2‑unit single home with side‑by‑side layout; Stucco exterior with Colonial architectural style; Each unit includes a covered front porch and a NEW country eat‑in kitchen
