Occupied Duplex Income
For Sale
$450,000
176 1st Ave, Phoenixville, PA 19460
Occupied duplex with a renovated 1-bedroom unit and a 3-bedroom layout on a single property.
Property Size2,122 SF
Price / SF$212.06
Days on Market101
Property Features for 176 1st Ave
General Information
Standard status
Active
Size
2,122 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Real Broker, LLC
Listed By:
Janel L Loughin · License #RS324425
(484) 352-3482
Source:
Yourchestercountyhomesearch
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 7 at 5:32PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This occupied duplex includes two separate apartments. Unit 1 is a 1-bedroom, 1-bath unit that has been updated with fresh paint, new carpeting, new flooring, and a fully renovated bathroom. Unit 2 offers a 3-bedroom, 1-bath layout suitable for long-term tenancy.
The property is located in Phoenixville with access to downtown Phoenixville’s restaurants, shopping, entertainment, and major commuter routes.
As an income-producing residential property, it provides two distinct unit configurations under one ownership.
The property is located in Phoenixville with access to downtown Phoenixville’s restaurants, shopping, entertainment, and major commuter routes.
As an income-producing residential property, it provides two distinct unit configurations under one ownership.
Key Highlights
- Occupied duplex in Phoenixville, featuring Unit 1 and Unit 2 on a single property
- Unit 1: updated 1‑bedroom, 1‑bath apartment with fresh paint, new carpeting, new flooring, and a fully renovated bathroom
- Unit 2: spacious 3‑bedroom, 1‑bath layout suited for long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,384
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,680
$487.7K
Cap Rate 7%
$348,343
$348.3K
Cap Rate 9%
$270,933
$270.9K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$40.7K $19.20/SF
− Vacancy
−$5.9K −$2.78/SF
EGI
$34.8K $16.42/SF
− OpEx
−$10.5K −$4.92/SF
NOI
$24.4K $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 Rate 5%
$487,680
Cap Rate 7%
$348,343
Cap Rate 9%
$270,933
Alternative Uses
Best Use
Multifamily LT 5
$348.3K
$304.8K – $406.4K
NOI $24,384 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$328.7K
$287.6K – $383.5K
NOI $23,010 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$643.4K
$563.0K – $750.6K
NOI $45,036 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,564
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied duplex with a renovated 1-bedroom unit and a 3-bedroom layout on a single property.
Where is this duplex located?
The property is located at 176 1st Ave Phoenixville, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Occupied duplex in Phoenixville, featuring Unit 1 and Unit 2 on a single property; Unit 1: updated 1‑bedroom, 1‑bath apartment with fresh paint, new carpeting, new flooring, and a fully renovated bathroom; Unit 2: spacious 3‑bedroom, 1‑bath layout suited for long‑term tenants
