Occupied 4-Unit
New
For Sale
$1,000,000
155/153 WASHINGTON AVENUE, Phoenixville, PA 19460
Four occupied apartments offer an established multifamily configuration with varied bedroom and bathroom layouts.
Property Size4,096 SF
Price / SF$244.14
Days on Market4
Property Features for 155/153 WASHINGTON AVENUE
General Information
Standard status
Active
Size
4,096 SF
Property subtype
Quadruplex
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 6
Changed: Aug 9
Last Checked: Aug 9 at 11:13AM
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 4,096-square-foot quadplex, built in 1905, contains four occupied apartments across two Washington Avenue addresses. The unit mix includes one 1-bedroom, 1-bath apartment; one 2-bedroom, 2-bath apartment; one 1-bedroom, 1-bath apartment; and one 2-bedroom, 1-bath apartment.
The property is in Phoenixville, within Chester County, and is located minutes from downtown. Nearby community amenities identified for the property include restaurants, breweries, shopping, parks, and entertainment, with access to major commuter routes also noted.
The property is in Phoenixville, within Chester County, and is located minutes from downtown. Nearby community amenities identified for the property include restaurants, breweries, shopping, parks, and entertainment, with access to major commuter routes also noted.
Key Highlights
- Four occupied apartment units
- 4,096 square feet across two Washington Avenue addresses
- Unit mix includes two 1‑bedroom units and two 2‑bedroom units
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
$47,068
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%
$941,360
$941.4K
Cap Rate 7%
$672,400
$672.4K
Cap Rate 9%
$522,978
$523.0K
Market Conditions
NOI Build-Up for 4,096 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
$78.6K $19.20/SF
− Vacancy
−$11.4K −$2.78/SF
EGI
$67.2K $16.42/SF
− OpEx
−$20.2K −$4.92/SF
NOI
$47.1K $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%
$941,360
Cap Rate 7%
$672,400
Cap Rate 9%
$522,978
Alternative Uses
Best Use
Multifamily LT 5
$672.4K
$588.4K – $784.5K
NOI $47,068 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$634.5K
$555.2K – $740.3K
NOI $44,415 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,931 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,402
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?
Quadplex - Four occupied apartments offer an established multifamily configuration with varied bedroom and bathroom layouts.
Where is this quadplex located?
The property is located at 155/153 WASHINGTON AVENUE Phoenixville, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four occupied apartment units; 4,096 square feet across two Washington Avenue addresses; Unit mix includes two 1‑bedroom units and two 2‑bedroom units
