Two-Unit Residential Income
138 CHURCH Street Malvern, PA 19355
New
For Sale
$529,000
MULTI_FAMILY - Other - MALVERN, PA
Property Size1,736 SF
Lot Size0.10 Acres
Price / SF$304.72
Days on Market3
Property Features for 138 CHURCH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Off Street, Driveway
Standard status
Active
Size
1,736 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4650
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1895
Number of units
2
Building materials
Vinyl Siding, Aluminum Siding
Architectural style
Other
Listing Agency:
KW Greater West Chester
(610) 436-6500
Listed By:
Jeffrey Scott · License #RS349452
(610) 739-0427
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 1:06AM
MLS# PACT2131954
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 138 Church Street in Malvern, PA, this two-unit residential income property features two units with each offering two bedrooms and one full bathroom. Off-street parking is included, adding convenient everyday access for residents. The property sits on a 0.0993-acre lot and totals 1,736 square feet.
Public remarks note the convenience of being within easy walking distance to downtown Malvern and nearby access to Burke Park and Randolph Woods. The property is also described as minutes from the Malvern train station, with Villa Maria Academy High School nearby and Target Grocery a short drive away. The layout is designed as independent residential units intended for ongoing rental use.
Public remarks note the convenience of being within easy walking distance to downtown Malvern and nearby access to Burke Park and Randolph Woods. The property is also described as minutes from the Malvern train station, with Villa Maria Academy High School nearby and Target Grocery a short drive away. The layout is designed as independent residential units intended for ongoing rental use.
Key Highlights
- Two‑unit multi‑family building with 2 bedrooms and 1 full bathroom in each unit
- Off‑street parking with a driveway
- Built in 1895
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 | $33.3k | $19.20 |
| − Vacancy | −$4.8k | −$2.78 |
| EGI | $28.5k | $16.42 |
| − OpEx | −$8.5k | −$4.92 |
| NOI | $19.9k | $11.49 |
1,736 SF · lease $19.20/SF/yr · vacancy 14.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.0K
$249.4K – $332.5K
NOI $19,949 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$268.9K
$235.3K – $313.7K
NOI $18,824 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$526.3K
$460.6K – $614.1K
NOI $36,844 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two units, each with two bedrooms and one full bathroom, with off-street parking.
Where is this duplex located?
The property is located at 138 CHURCH Street Malvern, PA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two‑unit multi‑family building with 2 bedrooms and 1 full bathroom in each unit; Off‑street parking with a driveway; Built in 1895
