Mixed-Use Triplex with
New
For Sale
$819,000
257 E CHESTNUT Street, West Chester, PA 19380
Multi-Family, WEST CHESTER, PA
Property Size4,035 SF
Lot Size0.08 Acres
Price / SF$202.97
Days on Market4
Property Features for 257 E CHESTNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
7
Parking features
Parking Lot, Driveway
Elementary school district
WEST CHESTER AREA
Middle school district
WEST CHESTER AREA
High school district
WEST CHESTER AREA
Standard status
Active
Size
4,035 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4669
Utilities
Heating system
Hot Water(Heating), Heat Pump (Heating)
Building Details
Year built
1920
Number of units
3
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(610) 363-6006
Listed By:
Nicole Gaffney · License #RS344264
(484) 639-1948
Added: Oct 10
Last Checked: Oct 13 at 5:06PM
MLS# PACT2137636
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.
Investment Insights
Based on property information with market context.
At 257 E Chestnut Street in West Chester, this 4,035-square-foot mixed-use property contains three occupied units: a first-floor office, a one-bedroom apartment, and a two-bedroom apartment on the second floor. The building dates to 1920 and sits on a 0.0826-acre lot.
A paved parking area and driveway provide space for up to seven vehicles. The combination of commercial and residential space is located in the Borough of West Chester.
A paved parking area and driveway provide space for up to seven vehicles. The combination of commercial and residential space is located in the Borough of West Chester.
Key Highlights
- Three occupied units: one office and two apartments
- First‑floor office; second‑floor one‑bedroom and two‑bedroom apartments
- Paved parking lot accommodates up to seven vehicles, with driveway parking
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
Apartment 5plus
$625.0K
$546.9K – $729.2K
NOI $43,753 @ 7.0% cap · market cap 5.34%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Office units
2
Residential 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
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-unit property pairs first-floor office space with two upstairs apartments and 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 office and two apartments; First‑floor office; second‑floor one‑bedroom and two‑bedroom apartments; Paved parking lot accommodates up to seven vehicles, with driveway parking
