Renovated Triplex with Outdoor
New
For Sale
$660,000
1313 OLD WILMINGTON PIKE, West Chester, PA 19382
Three residential units share private kitchens, off-street parking, bicycle storage, laundry, and a tree-lined outdoor setting.
Property Size1,727 SF
Price / SF$382.17
Days on Market7
Property Features for 1313 OLD WILMINGTON PIKE
General Information
Standard status
Active
Size
1,727 SF
Total Parking Spaces
4
Property subtype
Triplex
Units
Unit Mix
1 x 1BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
bicycle storage
shared laundry
outdoor space
Building Details
Year Built
1965
Listing Agency:
KW Greater West Chester
(610) 721-6581
Listed By:
Emily Wolski · License #rs337331
(610) 721-6581
Source:
Cummingsrealtors
Added: Aug 16
Changed: Aug 21
Last Checked: Aug 21 at 8:38AM
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
Investment Insights
Based on property information with market context.
Located at 1313 Old Wilmington Pike in West Chester, this 1,727-square-foot triplex contains three residential units within a 1965-built property. Each apartment has a private kitchen with a refrigerator, oven, and microwave. Shared amenities include laundry, bicycle storage, outdoor space, and off-street parking for up to four vehicles.
The one-bedroom, two-bath Unit 1 is vacant and was renovated in June 2026 with updated appliances, cabinetry, paint, carpeting, and bathrooms. It also includes two private entrances and a deck. Units 2 and 3 are occupied one-bedroom, one-bath apartments with leases extending through August 23, 2026. The property has one electric meter, while individual electric hydronic heating units serve the living spaces. Tenants handle heat, electric, and cable/internet; the owner covers water, sewer, trash, lawn care, and snow removal. The roof and exterior siding are approximately six years old.
The one-bedroom, two-bath Unit 1 is vacant and was renovated in June 2026 with updated appliances, cabinetry, paint, carpeting, and bathrooms. It also includes two private entrances and a deck. Units 2 and 3 are occupied one-bedroom, one-bath apartments with leases extending through August 23, 2026. The property has one electric meter, while individual electric hydronic heating units serve the living spaces. Tenants handle heat, electric, and cable/internet; the owner covers water, sewer, trash, lawn care, and snow removal. The roof and exterior siding are approximately six years old.
Key Highlights
- Three‑unit residential property at 1313 Old Wilmington Pike, West Chester, PA 19382
- 1,727‑square‑foot triplex built in 1965
- Vacant one‑bedroom, two‑bath Unit 1 renovated in June 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,845
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,900
$396.9K
Cap Rate 7%
$283,500
$283.5K
Cap Rate 9%
$220,500
$220.5K
Market Conditions
NOI Build-Up for 1,727 SF
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.
Gross rent
$33.2K $19.20/SF
− Vacancy
−$4.8K −$2.78/SF
EGI
$28.4K $16.42/SF
− OpEx
−$8.5K −$4.92/SF
NOI
$19.8K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,900
Cap Rate 7%
$283,500
Cap Rate 9%
$220,500
Alternative Uses
Best Use
Multifamily LT 5
$283.5K
$248.1K – $330.8K
NOI $19,845 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$267.5K
$234.1K – $312.1K
NOI $18,727 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$523.6K
$458.2K – $610.9K
NOI $36,653 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units share private kitchens, off-street parking, bicycle storage, laundry, and a tree-lined outdoor setting.
Where is this triplex located?
The property is located at 1313 OLD WILMINGTON PIKE West Chester, PA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three‑unit residential property at 1313 Old Wilmington Pike, West Chester, PA 19382; 1,727‑square‑foot triplex built in 1965; Vacant one‑bedroom, two‑bath Unit 1 renovated in June 2026
