Residential Income Property with
For Sale
$369,000
1324 W CHESTER PIKE Unit 112, West Chester, PA 19382
The two-bedroom, two-bathroom unit includes in-unit laundry and a private balcony with wooded views.
Property Size1,293 SF
Price / SF$285.38
Days on Market24
Property Features for 1324 W CHESTER PIKE Unit 112
General Information
Standard status
Active
Size
1,293 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,443
Building Details
Building Size
1,293 SF
Year Built
2004
Construction
traditional-style
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Courtney L Morris · License #RS299949
(484) 557-9333
Source:
Desantis-realestate
Added: Oct 5
Changed: Oct 26
Last Checked: Oct 26 at 3:04PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 1,293-square-foot residential unit is configured with two bedrooms and two bathrooms. Built in 2004, it has an open arrangement connecting the family room, dining area, and kitchen. A skylight and 9-foot ceilings bring additional light and volume to the interior, while a private balcony looks onto wooded surroundings. In-unit laundry and parking are also included.
The property is in the Rose Hill Estates community in West Chester, Pennsylvania. Parks are nearby, and the neighborhood provides access to schools.
The property is in the Rose Hill Estates community in West Chester, Pennsylvania. Parks are nearby, and the neighborhood provides access to schools.
Key Highlights
- 1,293‑square‑foot unit with two bedrooms and two bathrooms
- Built in 2004 with an open family room, dining area, and kitchen
- Private balcony with wooded views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,021
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,420
$280.4K
Cap Rate 7%
$200,300
$200.3K
Cap Rate 9%
$155,789
$155.8K
Market Conditions
NOI Build-Up for 1,293 SF
Gross rent
$27.6K $21.36/SF
− Vacancy
−$2.1K −$1.64/SF
EGI
$25.5K $19.72/SF
− OpEx
−$11.5K −$8.87/SF
NOI
$14.0K $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%
$280,420
Cap Rate 7%
$200,300
Cap Rate 9%
$155,789
Alternative Uses
Best Use
Apartment 5plus
$200.3K
$175.3K – $233.7K
NOI $14,021 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.0K
$343.0K – $457.4K
NOI $27,442 @ 7.0% cap · market cap 7.44%
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
437
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 two-bedroom, two-bathroom unit includes in-unit laundry and a private balcony with wooded views.
Where is this residential income property located?
The property is located at 1324 W CHESTER PIKE Unit 112 West Chester, PA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1,293‑square‑foot unit with two bedrooms and two bathrooms; Built in 2004 with an open family room, dining area, and kitchen; Private balcony with wooded views
