Three-Unit Multifamily
For Sale
$250,000
1300 Townsend St, Chester, PA 19013
As-is building requiring renovation before it can be positioned for future rental use.
Property Size1,764 SF
Price / SF$141.72
Days on Market69
Property Features for 1300 Townsend St
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
renovate
Additional Details
Multifamily Units
3
Building Details
Year Built
1965
Listing Agency:
Keller Williams Realty
Listed By:
Ronald W Halbruner Jr. · License #1972341
(215) 607-6007
Source:
Kathywolfgang
Added: Aug 9
Changed: Oct 15
Last Checked: Oct 16 at 10:22AM
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 Realty
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Investment Insights
Based on property information with market context.
This three-unit multifamily property contains 1,764 square feet and was built in 1965. The building is being sold strictly as-is and requires renovation, giving the next owner an opportunity to rework the property for future rental use.
Located at 1300 Townsend St in Chester, Pennsylvania, the property is suited to an owner evaluating a small residential income asset with a three-unit configuration. Its existing layout and condition provide a basis for planning improvements while keeping the intended rental function in view.
Located at 1300 Townsend St in Chester, Pennsylvania, the property is suited to an owner evaluating a small residential income asset with a three-unit configuration. Its existing layout and condition provide a basis for planning improvements while keeping the intended rental function in view.
Key Highlights
- Three‑unit multifamily configuration
- 1,764 square feet of building area
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,335
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,700
$386.7K
Cap Rate 7%
$276,214
$276.2K
Cap Rate 9%
$214,833
$214.8K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$31.8K $18.00/SF
− Vacancy
−$4.1K −$2.34/SF
EGI
$27.6K $15.66/SF
− OpEx
−$8.3K −$4.70/SF
NOI
$19.3K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,700
Cap Rate 7%
$276,214
Cap Rate 9%
$214,833
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.3K
NOI $19,335 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$252.6K
$221.0K – $294.7K
NOI $17,683 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$534.8K
$468.0K – $624.0K
NOI $37,438 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Check the figures for this property
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?
Triplex - As-is building requiring renovation before it can be positioned for future rental use.
Where is this triplex located?
The property is located at 1300 Townsend St Chester, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three‑unit multifamily configuration; 1,764 square feet of building area; Built in 1965
