Renovated 5-Unit Apartment
For Sale
$1,000,000
237 FRANKLIN, Phoenixville, PA 19460
Multi-Family, PHOENIXVILLE, PA
Property Size4,746 SF
Lot Size0.13 Acres
Price / SF$210.70
Days on Market73
Property Features for 237 FRANKLIN
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Parking Lot
Elementary school district
PHOENIXVILLE AREA
Middle school district
PHOENIXVILLE AREA
High school district
PHOENIXVILLE AREA
Standard status
Active
Size
4,746 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
5227
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Ductless
Building Details
Year built
1900
Number of units
1
Building materials
Aluminum Siding, Brick
Buildings
1
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Erich Beyer
(610) 731-7949
Added: Aug 17
Changed: Oct 28
Last Checked: Oct 28 at 2:06PM
MLS# PACT2133578
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
This 4,746-square-foot apartment building contains five units on a 0.13-acre parcel. Renovations completed across the units between 2017 and 2020 included hardwood or luxury vinyl flooring, granite and tile finishes in kitchens and bathrooms, and stainless steel appliances. The building dates to 1900 and has aluminum siding and brick construction.
Hot-water baseboard heat, ductless cooling, and a parking lot serve the property. It is located in downtown Phoenixville, Pennsylvania.
Hot-water baseboard heat, ductless cooling, and a parking lot serve the property. It is located in downtown Phoenixville, Pennsylvania.
Key Highlights
- Five apartment units in a 4,746‑square‑foot building
- Unit renovations completed between 2017 and 2020
- Kitchens and bathrooms feature granite and tile finishes with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,463
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,260
$1.0M
Cap Rate 7%
$735,186
$735.2K
Cap Rate 9%
$571,811
$571.8K
Market Conditions
NOI Build-Up for 4,746 SF
Gross rent
$101.4K $21.36/SF
− Vacancy
−$7.8K −$1.64/SF
EGI
$93.6K $19.72/SF
− OpEx
−$42.1K −$8.87/SF
NOI
$51.5K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,260
Cap Rate 7%
$735,186
Cap Rate 9%
$571,811
Alternative Uses
Best Use
Apartment 5plus
$735.2K
$643.3K – $857.7K
NOI $51,463 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,726 @ 7.0% cap · market cap 10.07%
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
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 19460, PA
43,611
Population
18,881
Households
2.3
Avg Household Size
40
Median Age
58%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
1,264
Density / Sq Mi
$120,472
Median Household Income
$65,879
Median Earnings
$1,622
Median Rent
$426,000
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?
Apartment building - Five residences received renovations from 2017 through 2020, with updated kitchen and bath finishes.
Where is this apartment building located?
The property is located at 237 FRANKLIN Phoenixville, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Five apartment units in a 4,746‑square‑foot building; Unit renovations completed between 2017 and 2020; Kitchens and bathrooms feature granite and tile finishes with stainless steel appliances
