Renovated 6-Unit Apartment
For Sale
$595,000
27 E 7th St, Chester, PA 19013
Fully occupied multifamily property with updated kitchens, baths, flooring, and interior finishes.
Property Size4,617 SF
Price / SF$128.87
Days on Market52
Property Features for 27 E 7th St
General Information
Standard status
Active
Size
4,617 SF
Occupancy
100%
Units
Unit Mix
5 x 2BR, 1 x studio
Multifamily Units
6
Additional Details
Gross Income
$76,500
Building Details
Year Built
1890
Year Renovated
2023
Listing Agency:
VRA Realty
Listed By:
Brady M Carroll · License #RS318466
(610) 291-9895
Source:
Burkhart
Added: Aug 23
Changed: Sep 23
Last Checked: Oct 7 at 1:05PM
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 VRA Realty
Investment Insights
Based on property information with market context.
This fully occupied apartment property contains six residential units within 4,617 square feet. The unit mix includes five two-bedroom apartments and one studio, providing a blend of layouts within a compact multifamily asset. Renovations completed in 2023 include refreshed kitchens and bathrooms, vinyl plank flooring, and updated interior finishes throughout.
Located at 27 E 7th Street in Chester, Pennsylvania, the property offers an established residential income configuration with current occupancy in place. The combination of six units, varied floor plans, and recent interior improvements supports continued operation as a multifamily property while limiting the need for immediate interior renovations.
Located at 27 E 7th Street in Chester, Pennsylvania, the property offers an established residential income configuration with current occupancy in place. The combination of six units, varied floor plans, and recent interior improvements supports continued operation as a multifamily property while limiting the need for immediate interior renovations.
Key Highlights
- Fully occupied 6‑unit apartment property
- Five two‑bedroom units and one studio unit
- 4,617 square feet of residential space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,284
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,680
$925.7K
Cap Rate 7%
$661,200
$661.2K
Cap Rate 9%
$514,267
$514.3K
Market Conditions
NOI Build-Up for 4,617 SF
Gross rent
$97.5K $21.12/SF
− Vacancy
−$13.4K −$2.89/SF
EGI
$84.2K $18.23/SF
− OpEx
−$37.9K −$8.20/SF
NOI
$46.3K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,680
Cap Rate 7%
$661,200
Cap Rate 9%
$514,267
Alternative Uses
Best Use
Apartment 5plus
$661.2K
$578.6K – $771.4K
NOI $46,284 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,988 @ 7.0% cap · market cap 16.47%
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
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
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?
Apartment building - Fully occupied multifamily property with updated kitchens, baths, flooring, and interior finishes.
Where is this apartment building located?
The property is located at 27 E 7th St Chester, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Fully occupied 6‑unit apartment property; Five two‑bedroom units and one studio unit; 4,617 square feet of residential space
