First-Floor Residential
For Sale
$235,000
1304 VALLEY DRIVE Unit 1304, West Chester, PA 19382
The unit features an in-home washer and dryer, updated kitchen and bathroom finishes, and access to shared community amenities.
Property Size802 SF
Price / SF$293.02
Days on Market48
Property Features for 1304 VALLEY DRIVE Unit 1304
General Information
Standard status
Active
Size
802 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,826
Amenities
pool
tennis courts
clubhouse
washer/dryer in unit
Building Details
Building Size
802 SF
Year Built
1975
Listing Agency:
KW Greater West Chester
Listed By:
Kevin Houghton · License #RS326544
(610) 368-7345
Source:
Desantis-realestate
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 27 at 4:15AM
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 802-square-foot condominium is on the first floor of a building constructed in 1975. Interior features include a kitchen with quartz countertops and appliances, wood flooring, a renovated bathroom, LED recessed lighting, and an in-unit washer and dryer. The thermostat has also been replaced.
Residents have access to a community pool, tennis courts, and clubhouse. The property is in Goshen Valley and is served by the West Chester School District.
Residents have access to a community pool, tennis courts, and clubhouse. The property is in Goshen Valley and is served by the West Chester School District.
Key Highlights
- 802‑square‑foot first‑floor condominium
- Kitchen with quartz countertops and appliances
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,696
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,920
$173.9K
Cap Rate 7%
$124,229
$124.2K
Cap Rate 9%
$96,622
$96.6K
Market Conditions
NOI Build-Up for 802 SF
Gross rent
$17.1K $21.36/SF
− Vacancy
−$1.3K −$1.64/SF
EGI
$15.8K $19.72/SF
− OpEx
−$7.1K −$8.87/SF
NOI
$8.7K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,920
Cap Rate 7%
$124,229
Cap Rate 9%
$96,622
Alternative Uses
Best Use
Apartment 5plus
$124.2K
$108.7K – $144.9K
NOI $8,696 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.2K
$212.8K – $283.7K
NOI $17,021 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
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Business Placement
Demographics for 19382, PA
52,498
Population
21,798
Households
2.4
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
46.1 sq mi
ZIP Area
1,139
Density / Sq Mi
$126,159
Median Household Income
$58,596
Median Earnings
$1,788
Median Rent
$542,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit features an in-home washer and dryer, updated kitchen and bathroom finishes, and access to shared community amenities.
Where is this residential income property located?
The property is located at 1304 VALLEY DRIVE Unit 1304 West Chester, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 802‑square‑foot first‑floor condominium; Kitchen with quartz countertops and appliances; In‑unit washer and dryer
