Multifamily Property with Second
For Sale
$325,000
251 East Chestnut Street, Coatesville, PA 19320
The property includes a second kitchen, basement area, patio, and separate electric metering by floor.
Property Size2,716 SF
Price / SF$119.66
Days on Market142
Property Features for 251 East Chestnut Street
General Information
Standard status
Active
Size
2,716 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,286
Amenities
No
2nd Kitchen, Additional Stairway, Bathroom - Stall Shower
No Pool
Above Grade, Below Grade
Patio(s)
Building Details
Year Built
1900
Listing Agency:
Marasco Real Estate And Development
(484) 354-4626
Listed By:
Sandra K Marasco
(484) 354-4626
Source:
Compass
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 3:53AM
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 Marasco Real Estate And Development
Investment Insights
Based on property information with market context.
This 2,716-square-foot multifamily property was built in 1900 and is zoned RESIDENTIAL. Interior features include a second kitchen, a stall-shower bathroom, an additional stairway, and rooms arranged across above-grade and below-grade areas. A patio is also included, and there is no pool.
Most rooms are reached from the main staircase. One second-floor bedroom is served by a rear staircase, with an existing wall that can be opened to connect it to the main stairway. Electric service is separately metered by floor, with the first-floor meter also serving the basement. Water service, sewer, trash, and heat are not billed separately. The property is offered in as-is condition, with the buyer responsible for City of Coatesville U&R Water.
Most rooms are reached from the main staircase. One second-floor bedroom is served by a rear staircase, with an existing wall that can be opened to connect it to the main stairway. Electric service is separately metered by floor, with the first-floor meter also serving the basement. Water service, sewer, trash, and heat are not billed separately. The property is offered in as-is condition, with the buyer responsible for City of Coatesville U&R Water.
Key Highlights
- 2,716‑square‑foot multifamily property built in 1900
- Second kitchen and stall‑shower bathroom
- Above‑grade and below‑grade areas with patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,451
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,020
$589.0K
Cap Rate 7%
$420,729
$420.7K
Cap Rate 9%
$327,233
$327.2K
Market Conditions
NOI Build-Up for 2,716 SF
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.
Gross rent
$58.0K $21.36/SF
− Vacancy
−$4.5K −$1.64/SF
EGI
$53.5K $19.72/SF
− OpEx
−$24.1K −$8.87/SF
NOI
$29.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,020
Cap Rate 7%
$420,729
Cap Rate 9%
$327,233
Alternative Uses
Best Use
Apartment 5plus
$420.7K
$368.1K – $490.9K
NOI $29,451 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$823.5K
$720.5K – $960.7K
NOI $57,642 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 19320, PA
54,149
Population
21,199
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
91%
High-School Grad
81.6 sq mi
ZIP Area
664
Density / Sq Mi
$88,852
Median Household Income
$44,920
Median Earnings
$1,427
Median Rent
$302,700
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?
Multifamily property - The property includes a second kitchen, basement area, patio, and separate electric metering by floor.
Where is this multifamily property located?
The property is located at 251 East Chestnut Street Coatesville, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,716‑square‑foot multifamily property built in 1900; Second kitchen and stall‑shower bathroom; Above‑grade and below‑grade areas with patio
