Four-Unit Quadplex with Fenced
228-230 Church Street Phoenixville, PA 19460
For Sale
$689,000
Income-producing quadplex with four separately metered units, including two four-bedroom two-level apartments and two additional garden-style units.
Property Size4,000 SF
Price / SF$172.25
Days on Market329
Property Features for 228-230 Church Street
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Keller Williams Real Estate-Blue Bell
(215) 275-0591
Listed By:
Thomas Higgins · License #RS176625L
(215) 275-0591
Source:
Compass
Added: Aug 30, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:32AM
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 Keller Williams Real Estate-Blue Bell
Investment Insights
Based on property information with market context.
This income-producing quadplex features four units with separate electric and all tenants paying utilities. Two units are expansive four-bedroom, two-level apartments, each with in-unit laundry and two bathrooms. Unit 1 also includes a first-floor powder room. Unit 2 is currently leased month-to-month and includes an in-unit laundry arrangement.
Unit 3 is a street-level, versatile three-bedroom main-level apartment with a full bath and a kitchen with laundry, and it is noted as zoned for commercial use in addition to apartment use. Unit 4 is a private rear garden-flat efficiency with central air and electric cooking, and it does not include laundry.
Each unit is described as having a secured fenced yard, and all units are currently on month-to-month leases. The property is supported primarily by gas radiator heat with supplemental electric baseboard heat.
Unit 3 is a street-level, versatile three-bedroom main-level apartment with a full bath and a kitchen with laundry, and it is noted as zoned for commercial use in addition to apartment use. Unit 4 is a private rear garden-flat efficiency with central air and electric cooking, and it does not include laundry.
Each unit is described as having a secured fenced yard, and all units are currently on month-to-month leases. The property is supported primarily by gas radiator heat with supplemental electric baseboard heat.
Key Highlights
- Income‑producing 4‑unit quadruplex in Phoenixville Borough with four separately metered units.
- Two 4‑bedroom, 2‑bath, 2‑level apartments (Units 1 and 2) both with in‑unit laundry and secured fenced yards; leased month‑to‑month at $2,000/month each.
- Street‑level Unit 3 is a versatile 3‑bedroom apartment with full bath and kitchen with laundry; zoned for commercial use; leased month‑to‑month at $1,200/month.
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 | $76.8k | $19.20 |
| − Vacancy | −$11.1k | −$2.78 |
| EGI | $65.7k | $16.42 |
| − OpEx | −$19.7k | −$4.92 |
| NOI | $46.0k | $11.49 |
4,000 SF · lease $19.20/SF/yr · vacancy 14.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$619.6K
$542.2K – $722.9K
NOI $43,374 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,893 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Income-producing quadplex with four separately metered units, including two four-bedroom two-level apartments and two additional garden-style units.
Where is this quadplex located?
The property is located at 228-230 Church Street Phoenixville, PA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Income‑producing 4‑unit quadruplex in Phoenixville Borough with four separately metered units.; Two 4‑bedroom, 2‑bath, 2‑level apartments (Units 1 and 2) both with in‑unit laundry and secured fenced yards; leased month‑to‑month at $2,000/month each.; Street‑level Unit 3 is a versatile 3‑bedroom apartment with full bath and kitchen with laundry; zoned for commercial use; leased month‑to‑month at $1,200/month.
