Mixed-Use Property with Residential
For Sale
$499,999
2700 - 2702 W 3RD Street, Chester, PA 19013
Multi-Family, CHESTER, PA
Property Size4,192 SF
Lot Size0.04 Acres
Price / SF$119.27
Days on Market95
Property Features for 2700 - 2702 W 3RD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Driveway
Elementary school district
CHESTER-UPLAND
Middle school district
CHESTER-UPLAND
High school district
CHESTER-UPLAND
Standard status
Active
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2483
Utilities
Heating system
Forced Air
Cooling system
Ductless
Amenities
rear garage/loading area
bathroom
existing restaurant infrastructure
Building Details
Year built
1930
Number of units
3
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Alia Grier · License #RS376568
(302) 353-2151
Added: Jun 16
Changed: Sep 16
Last Checked: Sep 18 at 1:06PM
MLS# PADE2117668
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.
Built in 1930, this mixed-use property contains over 4,192 square feet across commercial and residential components. The first floor provides commercial space with existing food-service improvements, a customer entrance, a bathroom, and access to a rear garage and loading area. Forced-air heating and ductless cooling serve the building.
The upper level is configured as a five-bedroom, one-bath residential unit with a separate entrance. The property also includes a driveway and garage, while the 0.04-acre parcel is located in Chester, Pennsylvania. Its combination of commercial infrastructure and a distinct residential floor offers a flexible arrangement for an owner-user or income-oriented ownership strategy, subject to applicable approvals.
The upper level is configured as a five-bedroom, one-bath residential unit with a separate entrance. The property also includes a driveway and garage, while the 0.04-acre parcel is located in Chester, Pennsylvania. Its combination of commercial infrastructure and a distinct residential floor offers a flexible arrangement for an owner-user or income-oriented ownership strategy, subject to applicable approvals.
Key Highlights
- Over 4,192 square feet of mixed‑use space on a 0.04‑acre parcel
- First‑floor commercial area includes existing food‑service improvements and a customer entrance
- Five‑bedroom, one‑bath residential unit with a separate entrance
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
$42,023
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
8.40%
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%
$840,460
$840.5K
Cap Rate 7%
$600,329
$600.3K
Cap Rate 9%
$466,922
$466.9K
Market Conditions
NOI Build-Up for 4,192 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
$88.5K $21.12/SF
− Vacancy
−$12.1K −$2.89/SF
EGI
$76.4K $18.23/SF
− OpEx
−$34.4K −$8.20/SF
NOI
$42.0K $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 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%
$840,460
Cap Rate 7%
$600,329
Cap Rate 9%
$466,922
Alternative Uses
Best Use
Specialty Retail
$769.7K
$673.5K – $897.9K
NOI $53,876 @ 7.0% cap · market cap 10.78%
Second Best
Apartment 5plus
$600.3K
$525.3K – $700.4K
NOI $42,023 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,968 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
701
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
Check the figures for this property
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 - Two-level layout combines commercial space with a separate-entry residential unit.
Where is this mixed-use property located?
The property is located at 2700 - 2702 W 3RD Street Chester, PA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Over 4,192 square feet of mixed‑use space on a 0.04‑acre parcel; First‑floor commercial area includes existing food‑service improvements and a customer entrance; Five‑bedroom, one‑bath residential unit with a separate entrance
