Residential Income Property with
For Sale
$412,000
114 LEWISVILLE COURT Unit 2907, Phoenixville, PA 19460
Second-floor condominium with vaulted living areas, an attached garage, and access to extensive community amenities.
Property Size1,605 SF
Price / SF$256.70
Days on Market105
Property Features for 114 LEWISVILLE COURT Unit 2907
General Information
Standard status
Active
Size
1,605 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,340
Amenities
walking trails
community swimming pool
tennis courts
pickleball courts
basketball court
baseball fields
playground
clubhouse
fitness room
lending library
balcony
chair lift
laundry room
Building Details
Building Size
1,605 SF
Year Built
1998
Listing Agency:
Chris James Hector Realty
Listed By:
Andrea L Heskett · License #RS306162
(610) 329-1622
Source:
Desantis-realestate
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 27 at 4:20AM
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 Chris James Hector Realty
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Investment Insights
Based on property information with market context.
This 1,605-square-foot second-floor condominium, built in 1998, has an open living and dining area with vaulted ceilings, plus an eat-in kitchen with stainless steel appliances. The primary suite includes a walk-in closet and ensuite bath; two additional bedrooms and a full hall bath provide flexible room arrangements. A rear balcony overlooks a wooded setting, and the unit also includes a laundry and utility room, chair lift, attached one-car garage, and private driveway. The water heater was replaced in 2023, and Anderson windows were installed in the dining room.
The approximately 150-acre community includes walking trails, a swimming pool, tennis and pickleball courts, a basketball court, baseball fields, a playground, clubhouse fitness room, and lending library. The homeowners association handles lawn and tree care, snow removal, and exterior building maintenance. The property is in the Great Valley School District, with access to the Pennsylvania Turnpike and Route 202. Phoenixville and Malvern offer nearby dining, shopping, and train access; Valley Forge National Historical Park and Great Valley corporate centers are also in the surrounding area.
The approximately 150-acre community includes walking trails, a swimming pool, tennis and pickleball courts, a basketball court, baseball fields, a playground, clubhouse fitness room, and lending library. The homeowners association handles lawn and tree care, snow removal, and exterior building maintenance. The property is in the Great Valley School District, with access to the Pennsylvania Turnpike and Route 202. Phoenixville and Malvern offer nearby dining, shopping, and train access; Valley Forge National Historical Park and Great Valley corporate centers are also in the surrounding area.
Key Highlights
- 1,605‑square‑foot second‑floor condominium with vaulted living and dining areas
- Three bedrooms, two full bathrooms, and an eat‑in kitchen with stainless steel appliances
- Rear balcony, attached one‑car garage, private driveway, and chair lift
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,404
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,080
$348.1K
Cap Rate 7%
$248,629
$248.6K
Cap Rate 9%
$193,378
$193.4K
Market Conditions
NOI Build-Up for 1,605 SF
Gross rent
$34.3K $21.36/SF
− Vacancy
−$2.6K −$1.64/SF
EGI
$31.6K $19.72/SF
− OpEx
−$14.2K −$8.87/SF
NOI
$17.4K $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%
$348,080
Cap Rate 7%
$248,629
Cap Rate 9%
$193,378
Alternative Uses
Best Use
Apartment 5plus
$248.6K
$217.6K – $290.1K
NOI $17,404 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.6K
$425.8K – $567.7K
NOI $34,063 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
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Business Placement
Demographics for 19460, PA
43,611
Population
18,881
Households
2.3
Avg Household Size
40
Median Age
58%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
1,264
Density / Sq Mi
$120,472
Median Household Income
$65,879
Median Earnings
$1,622
Median Rent
$426,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with vaulted living areas, an attached garage, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 114 LEWISVILLE COURT Unit 2907 Phoenixville, PA.
What is the asking price?
The asking price for this property is $412,000.
What are key features of this property?
This property features: 1,605‑square‑foot second‑floor condominium with vaulted living and dining areas; Three bedrooms, two full bathrooms, and an eat‑in kitchen with stainless steel appliances; Rear balcony, attached one‑car garage, private driveway, and chair lift
