Remodeled Duplex with Two 2-Bed
2031 MADISON STREET Chester, PA 19013
For Sale
$275,000
Fully remodeled duplex with two 2-bedroom units; one tenant-occupied and one available for lease.
Property Size1,870 SF
Price / SF$147.06
Days on Market10
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) 803-7916
Listed By:
Nyeesha Nichole Reed · License #RS355500
(610) 803-7916
Source:
Cummingsrealtors
Added: Jul 20
Changed: Jul 28
Last Checked: Jul 29 at 6:09AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $18.00 |
| − Vacancy | −$4.4k | −$2.34 |
| EGI | $29.3k | $15.66 |
| − OpEx | −$8.8k | −$4.70 |
| NOI | $20.5k | $10.96 |
1,870 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.6K
NOI $20,497 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$267.8K
$234.3K – $312.4K
NOI $18,746 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$567.0K
$496.1K – $661.5K
NOI $39,688 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $275,000.
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
