Renovated Five-Unit Apartment
New
For Sale
$1,100,000
237 FRANKLIN, Phoenixville, PA 19460
Updated interiors feature durable flooring, stone finishes, and stainless steel appliances.
Property Size4,746 SF
Price / SF$231.77
Days on Market6
Property Features for 237 FRANKLIN
General Information
Standard status
Active
Size
4,746 SF
Property subtype
Commercial
Net Operating Income
$75,878
Additional Details
Gross Income
$96,000
Multifamily Units
5
Building Details
Year Built
1900
Buildings
1
Listing Agency:
EXP Realty, LLC
(610) 731-7949
Listed By:
Erich Beyer
(610) 731-7949
Source:
Cummingsrealtors
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 4 at 5:16AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 4,746-square-foot apartment building contains five residential units, all renovated between 2017 and 2020. Interior improvements include hardwood or luxury vinyl flooring, granite and tile finishes in the kitchens and bathrooms, and stainless steel appliances. Originally built in 1900, the property combines refreshed unit interiors with an established multifamily configuration.
The building is located at 237 Franklin in downtown Phoenixville, Pennsylvania. Its central setting places the property within the downtown area while retaining a five-unit layout suited to residential income ownership.
The building is located at 237 Franklin in downtown Phoenixville, Pennsylvania. Its central setting places the property within the downtown area while retaining a five-unit layout suited to residential income ownership.
Key Highlights
- Five‑unit apartment building with 4,746 SF
- All five units renovated between 2017 and 2020
- Hardwood or luxury vinyl flooring throughout renovated units
Financial Insights For Apartment 5plus
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 | $101.4k | $21.36 |
| − Vacancy | −$7.8k | −$1.64 |
| EGI | $93.6k | $19.72 |
| − OpEx | −$42.1k | −$8.87 |
| NOI | $51.5k | $10.84 |
4,746 SF · lease $21.36/SF/yr · vacancy 7.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$735.2K
$643.3K – $857.7K
NOI $51,463 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,726 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
203
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors feature durable flooring, stone finishes, and stainless steel appliances.
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 $1,100,000.
What are key features of this property?
This property features: Five‑unit apartment building with 4,746 SF; All five units renovated between 2017 and 2020; Hardwood or luxury vinyl flooring throughout renovated units
