Occupied Duplex Near
For Sale
$500,000
153 WASHINGTON AVENUE, Phoenixville, PA 19460
Two apartments provide rental income close to downtown Phoenixville’s restaurants, shopping, parks, and entertainment.
Property Size2,048 SF
Price / SF$244.14
Days on Market9
Property Features for 153 WASHINGTON AVENUE
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1905
Listing Agency:
Real Broker, LLC
(484) 352-3482
Listed By:
Janel L Loughin
(484) 352-3482
Source:
Cummingsrealtors
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 6:01AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 2,048-square-foot duplex, built in 1905, contains two occupied apartments with a one-bedroom, one-bath layout and a separate two-bedroom, one-bath unit. The existing configuration provides residential income from both apartments at closing.
The property is located on Washington Avenue in Phoenixville, near downtown restaurants, breweries, shopping, parks, and entertainment. Major commuter routes are also accessible from the area, supporting convenient day-to-day travel for residents.
The property is located on Washington Avenue in Phoenixville, near downtown restaurants, breweries, shopping, parks, and entertainment. Major commuter routes are also accessible from the area, supporting convenient day-to-day travel for residents.
Key Highlights
- 2,048 SF duplex built in 1905
- Two occupied residential units
- Unit mix includes 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath apartments
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
$23,534
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
4.71%
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%
$470,680
$470.7K
Cap Rate 7%
$336,200
$336.2K
Cap Rate 9%
$261,489
$261.5K
Market Conditions
NOI Build-Up for 2,048 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
$39.3K $19.20/SF
− Vacancy
−$5.7K −$2.78/SF
EGI
$33.6K $16.42/SF
− OpEx
−$10.1K −$4.92/SF
NOI
$23.5K $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%
$470,680
Cap Rate 7%
$336,200
Cap Rate 9%
$261,489
Alternative Uses
Best Use
Multifamily LT 5
$336.2K
$294.2K – $392.2K
NOI $23,534 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$317.2K
$277.6K – $370.1K
NOI $22,207 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$620.9K
$543.3K – $724.4K
NOI $43,465 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
Explore this area
Business Placement
Demographics for 19460, PA
43,611
Population
18,881
Households
2.3
Avg Household Size
40
Median Age
58%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
1,264
Density / Sq Mi
$120,472
Median Household Income
$65,879
Median Earnings
$1,622
Median Rent
$426,000
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?
Duplex - Two apartments provide rental income close to downtown Phoenixville’s restaurants, shopping, parks, and entertainment.
Where is this duplex located?
The property is located at 153 WASHINGTON AVENUE Phoenixville, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,048 SF duplex built in 1905; Two occupied residential units; Unit mix includes 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath apartments
