Updated Two-Unit
For Sale
$349,900
Pending
129 HALL STREET, Spring City, PA 19475
Two separately accessed residences with flexible layouts, outdoor space, and month-to-month occupancy.
Property Size2,204 SF
Days on Market56
Property Features for 129 HALL STREET
General Information
Standard status
Pending
Size
2,204 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Average Monthly Rent
$1,100
Multifamily Units
2
Amenities
laundry room
patio
backyard
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate -Exton
(610) 363-4300
Listed By:
Debbie Hepler · License #RS305011
(610) 420-6500
Source:
Cummingsrealtors
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 26 at 3:36PM
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 Keller Williams Real Estate -Exton
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Investment Insights
Based on property information with market context.
This 2,204-square-foot duplex contains two separately configured residences at 129 Hall Street in Spring City. Both units are tenant-occupied under month-to-month leases, with residents paying their own utilities. Recent property improvements include a newer roof and newer heating systems serving both units. Hardwood floors run through the main levels, while both kitchens feature updated cabinetry and countertops.
The residences include two bedrooms and a full bathroom on the second floor, plus a third-floor bedroom and an office or sitting room. The units differ in their additional features: 129 Hall has two full bathrooms, while 131 Hall includes one full bathroom and a first-floor laundry room. Each residence has its own exterior access to a patio and the large, level backyard. The property was built in 1900 and offers separate living spaces suitable for continued rental occupancy or an owner-occupant arrangement.
The residences include two bedrooms and a full bathroom on the second floor, plus a third-floor bedroom and an office or sitting room. The units differ in their additional features: 129 Hall has two full bathrooms, while 131 Hall includes one full bathroom and a first-floor laundry room. Each residence has its own exterior access to a patio and the large, level backyard. The property was built in 1900 and offers separate living spaces suitable for continued rental occupancy or an owner-occupant arrangement.
Key Highlights
- 2,204 SF duplex with two separate residential units
- Both units occupied on month‑to‑month leases; tenants pay all utilities
- Newer roof and newer heating systems in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,327
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,540
$506.5K
Cap Rate 7%
$361,814
$361.8K
Cap Rate 9%
$281,411
$281.4K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$42.3K $19.20/SF
− Vacancy
−$6.1K −$2.78/SF
EGI
$36.2K $16.42/SF
− OpEx
−$10.9K −$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 Rate 5%
$506,540
Cap Rate 7%
$361,814
Cap Rate 9%
$281,411
Alternative Uses
Best Use
Multifamily LT 5
$361.8K
$316.6K – $422.1K
NOI $25,327 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$341.4K
$298.7K – $398.3K
NOI $23,899 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$668.2K
$584.7K – $779.6K
NOI $46,776 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
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Business Placement
Demographics for 19475, PA
12,028
Population
5,154
Households
2.3
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
16.5 sq mi
ZIP Area
729
Density / Sq Mi
$92,140
Median Household Income
$60,409
Median Earnings
$948
Median Rent
$362,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences with flexible layouts, outdoor space, and month-to-month occupancy.
Where is this duplex located?
The property is located at 129 HALL STREET Spring City, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,204 SF duplex with two separate residential units; Both units occupied on month‑to‑month leases; tenants pay all utilities; Newer roof and newer heating systems in both units
