5-Unit Apartment
For Sale
$400,000
1301 W 3rd St, Chester, PA 19013
Built in 1941, this Chester property is offered on an as-is basis.
Property Size2,380 SF
Price / SF$168.07
Days on Market66
Property Features for 1301 W 3rd St
General Information
Standard status
Active
Size
2,380 SF
Additional Details
Multifamily Units
5
Building Details
Year Built
1941
Listing Agency:
Keller Williams Realty
Listed By:
Ronald W Halbruner Jr. · License #1972341
(215) 607-6007
Source:
Lgagne
Added: Aug 11
Changed: Sep 14
Last Checked: Oct 7 at 3:37PM
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
Investment Insights
Based on property information with market context.
Located at 1301 W 3rd St in Chester, Pennsylvania, this multifamily property contains five apartment units within a building constructed in 1941. The listed property size is 2,380.
The offering is for sale on an as-is basis, making the existing condition a central consideration for prospective purchasers. The address places the property in Chester, PA 19013.
The offering is for sale on an as-is basis, making the existing condition a central consideration for prospective purchasers. The address places the property in Chester, PA 19013.
Key Highlights
- Five apartment units
- Constructed in 1941
- Listed property size: 2,380
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
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Current Use
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
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1941, this Chester property is offered on an as-is basis.
Where is this apartment building located?
The property is located at 1301 W 3rd St 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 apartment units; Constructed in 1941; Listed property size: 2,380
