6-Unit Mixed-Use
For Sale
$1,650,000
13-15 S CHESTER Road, Swarthmore, PA 19081
Multi-Family, SWARTHMORE, PA
Property Size5,580 SF
Lot Size0.18 Acres
Price / SF$295.70
Days on Market134
Property Features for 13-15 S CHESTER Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
6
Parking features
Off Street, Assigned, Parking Lot
Subdivision
SWARTHMORE
High school
STRATH HAVEN
Elementary school district
WALLINGFORD-SWARTHMORE
Middle school district
WALLINGFORD-SWARTHMORE
High school district
WALLINGFORD-SWARTHMORE
Standard status
Active
Size
5,580 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
32793
Utilities
Heating system
Forced Air
Cooling system
Central Air, Window Unit(s)
Amenities
assigned parking
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
KW Greater West Chester · Keller Williams Realty
(610) 436-6500
Listed By:
Branka Saula · License #RS298421
(484) 639-3748
Added: Apr 28
Changed: Sep 3
Last Checked: Sep 8 at 2:06AM
MLS# PADE2113816
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.
This 5,580-square-foot brick property contains six units: four one-bedroom, one-bath apartments and two street-level commercial spaces. The apartments include full kitchens and storage, while the commercial component includes a storefront with additional storage and basement access plus a studio with separate baths. Assigned off-street parking is provided. Heating is forced air, with window-unit and central air cooling. The building dates to 1900.
Located directly across from the Swarthmore train station and near Swarthmore College, the property includes a 0.1837-acre lot in downtown Swarthmore. Recent improvements include a new underground sewage system completed in 2023 and updates to kitchens and baths in select apartments.
The commercial spaces may be retained separately or combined into an approximately 3,090-square-foot unit. Unfinished third-floor space measuring approximately two-thirds of the second-floor footprint offers additional configuration potential, subject to township approvals.
Located directly across from the Swarthmore train station and near Swarthmore College, the property includes a 0.1837-acre lot in downtown Swarthmore. Recent improvements include a new underground sewage system completed in 2023 and updates to kitchens and baths in select apartments.
The commercial spaces may be retained separately or combined into an approximately 3,090-square-foot unit. Unfinished third-floor space measuring approximately two-thirds of the second-floor footprint offers additional configuration potential, subject to township approvals.
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 may be combined into a +/-3,090 SF unit
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
$55,937
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
3.39%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick building combines residential apartments with street-level commercial space and assigned parking in downtown Swarthmore.
Where is this mixed-use property located?
The property is located at 13-15 S CHESTER Road 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 may be combined into a +/-3,090 SF unit
