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8-Unit Apartment Property
For Sale
$549,000
Pending

3503 State Route 208, New Wilmington, PA 16142

Two buildings provide varied one-bedroom layouts, public utilities, off-street parking, and shared landscaped outdoor space.

Property SizeContact for details
Days on Market551

Property Features for 3503 State Route 208

General Information

Standard status Pending
Property subtype Multi Family

Units

Unit Mix 3 x 1BR, 4 x 1BR efficiency, 1 x 1BR owner's suite
Multifamily Units 8

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $4,620

Amenities

off-street parking
landscaped central outdoor space

Building Details

Year Built 1964
Buildings 2
Listing Agency: HOWARD HANNA REAL ESTATE SERVICES
Listed By: Renee Dean · License #RS298239
Source: Exitrealty
Added: Feb 27, 2025 Changed: Aug 30 Last Checked: Aug 30 at 10:32PM

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 HOWARD HANNA REAL ESTATE SERVICES

Investment Insights

Based on property information with market context.

Built in 1964, this apartment property includes 8 units across 2 buildings. The unit mix comprises three 1-bedroom apartments, four 1-bedroom efficiencies, and a 1-bedroom owner’s suite with an exclusive 2-car garage. The owner’s suite may be expanded into an efficiency, creating a 2-bedroom home configuration. Most units feature updated kitchens and bathrooms, while new roofs and some new windows add to the property’s recent improvements.

The property is served by public utilities and includes off-street parking. A landscaped central outdoor area provides shared exterior space for residents. Located at 3503 State Route 208 in Wilmington Township, PA 16142, the asset sits outside the boro limits in a countryside setting.

Key Highlights

  • 8 units distributed across 2 buildings
  • Unit mix includes three 1‑bedroom apartments and four 1‑bedroom efficiencies
  • 1‑bedroom owner’s suite with exclusive 2‑car garage

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Building Supply Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby

Demographics for 16142, PA

5,906
Population
2,096
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
85%
High-School Grad
43.8 sq mi
ZIP Area
135
Density / Sq Mi
$78,750
Median Household Income
$37,423
Median Earnings
$797
Median Rent
$214,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings provide varied one-bedroom layouts, public utilities, off-street parking, and shared landscaped outdoor space.
Where is this apartment building located?
The property is located at 3503 State Route 208 New Wilmington, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 8 units distributed across 2 buildings; Unit mix includes three 1‑bedroom apartments and four 1‑bedroom efficiencies; 1‑bedroom owner’s suite with exclusive 2‑car garage
More about this property
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