Three-Unit Residential Income
131 Modena Road Coatesville, PA 19320
131 Modena Road, Coatesville, PA, 19320
$349,900
For Sale
$349,900
Well-maintained three-unit property with all units leased, including two 1-bedroom apartments and one first-floor 3-bedroom unit.
Property Size2,178 SF
Price / SF$160.65
Days on Market21
Property Features for 131 Modena Road
General Information
- Standard status
- Active
- Size
- 2,178 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1956
Listing agency
United Real Estate Strive 212
(484) 955-6341
Listed by
Luke T. Berg · License #RS346603
(484) 955-6341
Source
Compass
Added: Jul 1 Updated: Jul 21 at 6:13PM Checked: Jul 21 at 6:13PM
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 United Real Estate Strive 212
Investment Insights
Based on property information with market context.
This well-maintained three-unit residential income property is fully occupied, with all units currently leased. The building includes Unit 1 as a 1-bedroom apartment, Unit 2 as a 1-bedroom apartment, and Unit 3 as a 3-bedroom unit on the first floor.
The property is located in Chester County within the South Coatesville Boro area and is served by the Coatesville Area School District.
For buyers seeking an income-producing multifamily asset with an in-place tenant profile, this triplex configuration offers a mix of unit sizes within a straightforward three-unit layout.
The property is located in Chester County within the South Coatesville Boro area and is served by the Coatesville Area School District.
For buyers seeking an income-producing multifamily asset with an in-place tenant profile, this triplex configuration offers a mix of unit sizes within a straightforward three-unit layout.
Key Highlights
- Fully occupied 3‑unit property with all units leased
- Unit mix: two 1‑bedroom apartments and one first‑floor 3‑bedroom unit
- Well‑maintained multi‑family property built in 1956
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $19.20 |
| − Vacancy | −$6.1k | −$2.78 |
| EGI | $35.8k | $16.42 |
| − OpEx | −$10.7k | −$4.92 |
| NOI | $25.0k | $11.49 |
2,178 SF · lease $19.20/SF/yr · vacancy 14.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.5K
$312.9K – $417.1K
NOI $25,028 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$337.4K
$295.2K – $393.6K
NOI $23,617 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$660.3K
$577.8K – $770.4K
NOI $46,224 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit property with all units leased, including two 1-bedroom apartments and one first-floor 3-bedroom unit.
Where is this triplex located?
The property is located at 131 Modena Road Coatesville, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Fully occupied 3‑unit property with all units leased; Unit mix: two 1‑bedroom apartments and one first‑floor 3‑bedroom unit; Well‑maintained multi‑family property built in 1956
