Two-Bedroom Residential Income
For Sale
$239,900
1823 VALLEY DRIVE Unit 1823, West Chester, PA 19382
An updated third-floor residence pairs in-unit laundry with a private patio and wood-burning fireplace.
Property Size900 SF
Price / SF$266.56
Days on Market34
Property Features for 1823 VALLEY DRIVE Unit 1823
General Information
Standard status
Active
Size
900 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,497
Building Details
Building Size
900 SF
Year Built
1979
Listing Agency:
RE/MAX Action Associates
Listed By:
Eric R Miller · License #RS316708
(610) 363-2001
Source:
Desantis-realestate
Added: Sep 25
Changed: Oct 28
Last Checked: Oct 27 at 4:07AM
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 RE/MAX Action Associates
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Investment Insights
Based on property information with market context.
This 900-square-foot, two-bedroom, one-bath condo occupies the third floor of a building constructed in 1979. Interior updates include fresh paint, new carpeting, solid-wood bedroom doors, and LG stainless steel kitchen appliances. Ceramic tile finishes the entry and bathroom, while the kitchen has LVP flooring. A wood-burning fireplace anchors the living room, and the unit includes a private patio and an in-unit washer and dryer.
The property is in West Chester Area School District. Both bedrooms have ceiling fans, double-hung windows, and blinds.
The property is in West Chester Area School District. Both bedrooms have ceiling fans, double-hung windows, and blinds.
Key Highlights
- 900‑square‑foot condo with two bedrooms and one bathroom
- Third‑floor unit with a private patio overlooking the community
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,759
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,180
$195.2K
Cap Rate 7%
$139,414
$139.4K
Cap Rate 9%
$108,433
$108.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$19.2K $21.36/SF
− Vacancy
−$1.5K −$1.64/SF
EGI
$17.7K $19.72/SF
− OpEx
−$8.0K −$8.87/SF
NOI
$9.8K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,180
Cap Rate 7%
$139,414
Cap Rate 9%
$108,433
Alternative Uses
Best Use
Apartment 5plus
$139.4K
$122.0K – $162.7K
NOI $9,759 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.9K
$238.8K – $318.4K
NOI $19,101 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
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Business Placement
Demographics for 19382, PA
52,498
Population
21,798
Households
2.4
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
46.1 sq mi
ZIP Area
1,139
Density / Sq Mi
$126,159
Median Household Income
$58,596
Median Earnings
$1,788
Median Rent
$542,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An updated third-floor residence pairs in-unit laundry with a private patio and wood-burning fireplace.
Where is this residential income property located?
The property is located at 1823 VALLEY DRIVE Unit 1823 West Chester, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 900‑square‑foot condo with two bedrooms and one bathroom; Third‑floor unit with a private patio overlooking the community; In‑unit washer and dryer
