Three-Unit Mixed-Use
New
For Sale
$819,000
257 E CHESTNUT STREET, West Chester, PA 19380
The occupied property combines a ground-floor office, two apartments, and paved off-street parking.
Property Size4,035 SF
Price / SF$202.97
Days on Market4
Property Features for 257 E CHESTNUT STREET
General Information
Standard status
Active
Size
4,035 SF
Total Parking Spaces
7
Property subtype
Triplex
Occupancy
100%
Additional Details
Office Units
1
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(610) 363-6006
Listed By:
Nicole Gaffney · License #RS344264
(484) 639-1948
Source:
Cummingsrealtors
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:13AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
At 257 E Chestnut Street in West Chester, this mixed-use property contains three occupied units: an office on the ground floor and two apartments upstairs. The residential units include one one-bedroom apartment and one two-bedroom apartment. The property was built in 1920.
A paved lot provides off-street parking for up to seven vehicles. The combination of commercial and residential space is suited to continued mixed-use occupancy.
A paved lot provides off-street parking for up to seven vehicles. The combination of commercial and residential space is suited to continued mixed-use occupancy.
Key Highlights
- Three occupied units: one ground‑floor office and two second‑floor apartments
- Apartment mix includes one one‑bedroom unit and one two‑bedroom unit
- Paved off‑street lot accommodates up to seven vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,840
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,800
$1.2M
Cap Rate 7%
$883,429
$883.4K
Cap Rate 9%
$687,111
$687.1K
Market Conditions
NOI Build-Up for 4,035 SF
Gross rent
$115.7K $28.68/SF
− Vacancy
−$16.8K −$4.16/SF
EGI
$98.9K $24.52/SF
− OpEx
−$37.1K −$9.20/SF
NOI
$61.8K $15.33/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$28.68 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,800
Cap Rate 7%
$883,429
Cap Rate 9%
$687,111
Alternative Uses
Best Use
Mixed Use
$883.4K
$773.0K – $1.03M
NOI $61,840 @ 7.0% cap · market cap 7.55%
Second Best
Multifamily LT 5
$662.4K
$579.6K – $772.8K
NOI $46,367 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,636 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 19380, PA
50,692
Population
21,490
Households
2.4
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,662
Density / Sq Mi
$122,876
Median Household Income
$69,599
Median Earnings
$1,820
Median Rent
$530,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The occupied property combines a ground-floor office, two apartments, and paved off-street parking.
Where is this mixed-use property located?
The property is located at 257 E CHESTNUT STREET West Chester, PA.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Three occupied units: one ground‑floor office and two second‑floor apartments; Apartment mix includes one one‑bedroom unit and one two‑bedroom unit; Paved off‑street lot accommodates up to seven vehicles
