5-Unit Apartment
For Sale
$400,000
1301-1305 W 3rd Street, Chester, PA 19013
Offered as-is for buyers considering improvements and continued residential rental operation.
Property Size2,380 SF
Price / SF$168.07
Days on Market9
Property Features for 1301-1305 W 3rd Street
General Information
Standard status
Active
Size
2,380 SF
Zoning
C-1/R (COMMERCIAL/RESIDEN
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,675
Amenities
Natural Gas
Yes
Electric
No
Public
68.00 x 35.00
0.00
Estimated
On Street
Permanent
2380.00
19280.00
Assessor
Building Details
Building Size
2,380 SF
Year Built
1941
Listing Agency:
JM Diamond Realty
(610) 750-6078
Listed By:
Samantha Manzueta
(484) 794-8363
Source:
Jmdiamondrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:32PM
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 JM Diamond Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property contains 2,380 square feet and was built in 1941. The building is being sold in its current condition, with improvement and continued rental use identified as possibilities.
Located at 1301-1305 W 3rd Street in Chester, Pennsylvania, the property carries a five-unit residential configuration.
Located at 1301-1305 W 3rd Street in Chester, Pennsylvania, the property carries a five-unit residential configuration.
Key Highlights
- Five residential units
- 2,380 square feet
- Built in 1941
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,859
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,180
$477.2K
Cap Rate 7%
$340,843
$340.8K
Cap Rate 9%
$265,100
$265.1K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$50.3K $21.12/SF
− Vacancy
−$6.9K −$2.89/SF
EGI
$43.4K $18.23/SF
− OpEx
−$19.5K −$8.20/SF
NOI
$23.9K $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%
$477,180
Cap Rate 7%
$340,843
Cap Rate 9%
$265,100
Alternative Uses
Best Use
Apartment 5plus
$340.8K
$298.2K – $397.7K
NOI $23,859 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$721.6K
$631.4K – $841.9K
NOI $50,511 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
492
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Offered as-is for buyers considering improvements and continued residential rental operation.
Where is this apartment building located?
The property is located at 1301-1305 W 3rd Street Chester, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Five residential units; 2,380 square feet; Built in 1941
