Chester Multi-Unit Investment
2124 West 3rd Street Chester, PA 19013
2124 West 3rd Street, Chester, PA, 19013
$380,000
For Sale
$380,000
Multi-unit property in Chester, PA with income potential.
Property Size2,128 SF
Price / SF$178.57
Days on Market116
Property Features for 2124 West 3rd Street
General Information
- Standard status
- Active
- Size
- 2,128 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency
Realty One Group Restore - BlueBell
(215) 347-4684
Listed by
judah k briggs · License #RS380158
(215) 347-4684
Source
Compass
Added: Mar 26 Checked: Jul 19 at 5:21 am
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
Investment Insights
Based on property information with market context.
Located in Chester, PA, the multi-unit property at 2124 W 3rd St features three units, two of which are currently occupied, providing immediate rental income. The vacant unit offers an opportunity for renovation, lease-up, or owner occupancy. The property is situated on a residential block with convenient access to public transportation, major highways including I-95 and Route 13, shopping, schools, and local employment centers. Commuting to Philadelphia and surrounding areas is efficient, enhancing long-term rental demand. The property is located in the City Of Chester (10449) MLS area, within the CHESTER-UPLAND school district. The property size is 2128 square feet.
Key Highlights
- Multi‑unit property with immediate rental income from two occupied units.
- Vacant unit offers renovation, lease‑up, or owner‑occupancy potential.
- Convenient location with access to public transportation, I‑95, Route 13, shopping, and employment centers.
Local 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 | $38.3k | $18.00 |
| − Vacancy | −$5.0k | −$2.34 |
| EGI | $33.3k | $15.66 |
| − OpEx | −$10.0k | −$4.70 |
| NOI | $23.3k | $10.96 |
2,128 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multi-unit property in Chester, PA with income potential.
Where is this triplex located?
The property is located at 2124 West 3rd Street 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: Multi‑unit property with immediate rental income from two occupied units.; Vacant unit offers renovation, lease‑up, or owner‑occupancy potential.; Convenient location with access to public transportation, I‑95, Route 13, shopping, and employment centers.
