Three-Unit Triplex with Vacant
For Sale
$380,000
2124 W 3rd St, Chester, PA 19013
Two units are occupied, while a vacant three-bedroom unit is available for leasing or personal occupancy.
Property Size2,128 SF
Price / SF$178.57
Days on Market63
Property Features for 2124 W 3rd St
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
Realty One Group Restore - BlueBell
Listed By:
judah k briggs · License #RS380158
(215) 347-4684
Source:
Burkhart
Added: Aug 16
Changed: Oct 13
Last Checked: Oct 16 at 1:00PM
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 Realty One Group Restore - BlueBell
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Investment Insights
Based on property information with market context.
This 2,128-square-foot triplex, built in 1920, contains three residential units. Two units are occupied, and the vacant three-bedroom unit provides flexibility for a new occupant or additional leasing activity.
The property is located on W 3rd St in Chester, with access to I-95, Route 13, public transportation, and local amenities. Its three-unit configuration supports both continued rental use and an owner-occupancy strategy.
The property is located on W 3rd St in Chester, with access to I-95, Route 13, public transportation, and local amenities. Its three-unit configuration supports both continued rental use and an owner-occupancy strategy.
Key Highlights
- Three‑unit triplex with 2,128 SF of property size
- Two of three units are currently occupied
- Vacant 3‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,324
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,480
$466.5K
Cap Rate 7%
$333,200
$333.2K
Cap Rate 9%
$259,156
$259.2K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$38.3K $18.00/SF
− Vacancy
−$5.0K −$2.34/SF
EGI
$33.3K $15.66/SF
− OpEx
−$10.0K −$4.70/SF
NOI
$23.3K $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%
$466,480
Cap Rate 7%
$333,200
Cap Rate 9%
$259,156
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$304.7K
$266.7K – $355.5K
NOI $21,332 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$645.2K
$564.5K – $752.7K
NOI $45,163 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
689
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two units are occupied, while a vacant three-bedroom unit is available for leasing or personal occupancy.
Where is this triplex located?
The property is located at 2124 W 3rd St Chester, PA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Three‑unit triplex with 2,128 SF of property size; Two of three units are currently occupied; Vacant 3‑bedroom unit
