6-Unit Mixed-Use
For Sale
$1,650,000
13-15 S CHESTER RD, Swarthmore, PA 19081
Four residential apartments and two commercial spaces provide a varied occupancy profile with separately metered tenant utilities.
Property Size5,580 SF
Price / SF$295.70
Days on Market95
Property Features for 13-15 S CHESTER RD
General Information
Standard status
Active
Size
5,580 SF
Property subtype
Multi-family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
private assigned parking
Building Details
Tenancy
Multi
Listing Agency:
KW Greater West Chester
(610) 436-6500
Listed By:
Branka Saula · License #RS298421
(484) 639-3748
Source:
Opal-realestate
Added: Jul 14
Changed: Oct 11
Last Checked: Oct 16 at 8:21AM
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 KW Greater West Chester
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Investment Insights
Based on property information with market context.
This mixed-use property contains six units: four 1-bedroom, 1-bath apartments above two street-level commercial spaces. The residential units include full kitchens and storage, while the commercial component consists of a storefront with storage and basement access plus a built-out studio with separate baths. The commercial spaces may also be combined into an approximately 3,090-square-foot unit. Private assigned parking supports the downtown configuration, and utilities are separately paid by tenants for electric and gas service.
Capital work includes a new underground sewage system completed in 2023 and kitchen and bathroom renovations in select apartments. Unfinished third-floor space covers approximately two-thirds of the second-floor footprint and may support additional units or rental area subject to township approvals. The property is across from the Swarthmore train station and near Swarthmore College.
Capital work includes a new underground sewage system completed in 2023 and kitchen and bathroom renovations in select apartments. Unfinished third-floor space covers approximately two-thirds of the second-floor footprint and may support additional units or rental area subject to township approvals. The property is across from the Swarthmore train station and near Swarthmore College.
Key Highlights
- Six‑unit configuration with 4 residential apartments and 2 street‑level commercial spaces
- Four 1‑bedroom, 1‑bath residential units with full kitchens and storage
- Commercial spaces can be combined into an approximately 3,090 SF unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,937
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,740
$1.1M
Cap Rate 7%
$799,100
$799.1K
Cap Rate 9%
$621,522
$621.5K
Market Conditions
NOI Build-Up for 5,580 SF
Gross rent
$117.8K $21.12/SF
− Vacancy
−$16.1K −$2.89/SF
EGI
$101.7K $18.23/SF
− OpEx
−$45.8K −$8.20/SF
NOI
$55.9K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,740
Cap Rate 7%
$799,100
Cap Rate 9%
$621,522
Alternative Uses
Best Use
Apartment 5plus
$799.1K
$699.2K – $932.3K
NOI $55,937 @ 7.0% cap · market cap 3.39%
Second Best
Mixed Use
$789.2K
$690.5K – $920.7K
NOI $55,242 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,426 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 19081, PA
10,803
Population
3,875
Households
2.8
Avg Household Size
37
Median Age
66%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
4,910
Density / Sq Mi
$129,973
Median Household Income
$54,288
Median Earnings
$1,452
Median Rent
$333,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential apartments and two commercial spaces provide a varied occupancy profile with separately metered tenant utilities.
Where is this mixed-use property located?
The property is located at 13-15 S CHESTER RD Swarthmore, PA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six‑unit configuration with 4 residential apartments and 2 street‑level commercial spaces; Four 1‑bedroom, 1‑bath residential units with full kitchens and storage; Commercial spaces can be combined into an approximately 3,090 SF unit
