Remodeled Duplex with Two 2-Bed
For Sale
$239,999
2031 MADISON STREET, Chester, PA 19013
Fully remodeled duplex with two 2-bedroom units; one tenant-occupied and one available for lease.
Property Size1,870 SF
Price / SF$128.34
Days on Market104
Property Features for 2031 MADISON STREET
General Information
Standard status
Active
Size
1,870 SF
Property subtype
Duplex
Building Details
Year Built
1940
Listing Agency:
NextHome Alliance
(610) 953-3510
Listed By:
Nyeesha Nichole Reed · License #Rs-0038639
(610) 803-7916
Source:
Cummingsrealtors
Added: Jul 23
Changed: Nov 1
Last Checked: Nov 1 at 4:19AM
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 NextHome Alliance
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered for sale, 2031 Madison Street is a fully remodeled duplex featuring two spacious 2-bedroom units. One unit is currently tenant-occupied, generating $1,250 per month in rental income, while the second unit is ready to be leased.
The seller is also in the process of installing central air conditioning in both units, supporting improved year-round comfort. This property is positioned for buyers seeking an income-producing residential investment with two separate 2-bedroom living spaces and an additional unit available for new tenancy.
Prospective investors and occupants should confirm final completion details for the central air installation and schedule a private showing to review both units in person.
The seller is also in the process of installing central air conditioning in both units, supporting improved year-round comfort. This property is positioned for buyers seeking an income-producing residential investment with two separate 2-bedroom living spaces and an additional unit available for new tenancy.
Prospective investors and occupants should confirm final completion details for the central air installation and schedule a private showing to review both units in person.
Key Highlights
- Fully remodeled duplex with two 2‑bedroom units
- One unit is tenant‑occupied generating $1,250/month rental income
- Second unit is available to be leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,497
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,940
$409.9K
Cap Rate 7%
$292,814
$292.8K
Cap Rate 9%
$227,744
$227.7K
Market Conditions
NOI Build-Up for 1,870 SF
Gross rent
$33.7K $18.00/SF
− Vacancy
−$4.4K −$2.34/SF
EGI
$29.3K $15.66/SF
− OpEx
−$8.8K −$4.70/SF
NOI
$20.5K $10.96/SF
Area
Delaware County, PA
Vacancy
13.01%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,940
Cap Rate 7%
$292,814
Cap Rate 9%
$227,744
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.6K
NOI $20,497 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$267.8K
$234.3K – $312.4K
NOI $18,746 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$567.0K
$496.1K – $661.5K
NOI $39,688 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully remodeled duplex with two 2-bedroom units; one tenant-occupied and one available for lease.
Where is this duplex located?
The property is located at 2031 MADISON STREET Chester, PA.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Fully remodeled duplex with two 2‑bedroom units; One unit is tenant‑occupied generating $1,250/month rental income; Second unit is available to be leased
