18-Unit Apartment
113 Landenberg Road, Landenberg, PA 19350
For Sale
New
$3,000,000
Seven storage units accompany the apartment units across a multi-parcel property.
Property Size4,274 SF
Price / SF$329.67
Days on Market3
Property Features for 113 Landenberg Road
General Information
Standard status
Size
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Electric
Yes
Natural Gas,Oil
No
Public,Well
0.00 x 0.00
5.40
Estimated
Parking Lot
18
4274.00
Assessor
Building Details
Building Size
Year Built
Listing Agency:
Crown Homes Real Estate
(302) 504-6147
Listed By:
Kristin L Plummer · License PA RS-0025005
(302) 250-2013
Source:
Smartwayamerica
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crown Homes Real Estate
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Investment Insights
Based on property information with market context.
This apartment property contains 18 units and seven storage units, with a reported building area of 9,100 square feet. The apartments are fully rented, and the property dates to 1940.
The offering covers three parcels and includes the addresses 110, 111, 113 and 115 Landenberg Road.
The offering covers three parcels and includes the addresses 110, 111, 113 and 115 Landenberg Road.
Key Highlights
- 18 apartment units, reported fully rented
- Seven storage units included
- 9,100 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,675
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,973,500
$2.0M
Cap Rate 7%
$1,409,643
$1.4M
Cap Rate 9%
$1,096,389
$1.1M
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$194.4K $21.36/SF
− Vacancy
−$15.0K −$1.64/SF
EGI
$179.4K $19.72/SF
− OpEx
−$80.7K −$8.87/SF
NOI
$98.7K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,973,500
Cap Rate 7%
$1,409,643
Cap Rate 9%
$1,096,389
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,675 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,330 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
18
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 19350, PA
11,030
Population
3,992
Households
2.8
Avg Household Size
45
Median Age
60%
College-Educated
97%
High-School Grad
28.0 sq mi
ZIP Area
394
Density / Sq Mi
$152,264
Median Household Income
$73,039
Median Earnings
$1,405
Median Rent
$494,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Chester County, PA
Properties on Market for Apartment buildings in Chester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven storage units accompany the apartment units across a multi-parcel property.
Where is this apartment building located?
The property is located at 113 Landenberg Road Landenberg, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 18 apartment units, reported fully rented; Seven storage units included; 9,100 square feet of building area
