Mixed-Use Building with
New
For Sale
$100,000
2703 W 3RD Street, Chester, PA 19013
Multi-Family, CHESTER, PA
Property Size500 SF
Price / SF$200
Days on Market6
Property Features for 2703 W 3RD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
NONE AVAILABLE
Elementary school district
CHESTER-UPLAND
Middle school district
CHESTER-UPLAND
High school district
CHESTER-UPLAND
Standard status
Active
Size
500 SF
Taxes and HOA fees
Tax Annual Amount
5011
Building Details
Year built
1934
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Real Broker, LLC
(856) 352-4045
Listed By:
Benjamin Vincent Ellis III
(856) 335-5599
Added: Oct 2
Last Checked: Oct 7 at 6:06PM
MLS# PADE2125152
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 1934, this 500-square-foot brick property has been stripped to the studs, with framing work begun for a mixed-use layout. The contemplated configuration includes two two-bedroom apartments and a storefront, with space also identified for a possible efficiency apartment. These are proposed components, not confirmed or approved uses; the buyer must obtain any required approvals from the City of Chester for the intended use.
Utilities are currently off. Parking is on street.
Utilities are currently off. Parking is on street.
Key Highlights
- 500‑square‑foot brick building constructed in 1934
- Framing work began for two 2‑bedroom apartments and a storefront
- Possible efficiency apartment included in the contemplated layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,012
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,240
$100.2K
Cap Rate 7%
$71,600
$71.6K
Cap Rate 9%
$55,689
$55.7K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$10.6K $21.12/SF
− Vacancy
−$1.4K −$2.89/SF
EGI
$9.1K $18.23/SF
− OpEx
−$4.1K −$8.20/SF
NOI
$5.0K $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 Rate 5%
$100,240
Cap Rate 7%
$71,600
Cap Rate 9%
$55,689
Alternative Uses
Best Use
Apartment 5plus
$71.6K
$62.7K – $83.5K
NOI $5,012 @ 7.0% cap · market cap 5.01%
Second Best
Mixed Use
$70.7K
$61.9K – $82.5K
NOI $4,950 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$151.6K
$132.7K – $176.9K
NOI $10,612 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The brick structure is stripped to its framing, and utilities are not operating.
Where is this mixed-use property located?
The property is located at 2703 W 3RD Street Chester, PA.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 500‑square‑foot brick building constructed in 1934; Framing work began for two 2‑bedroom apartments and a storefront; Possible efficiency apartment included in the contemplated layout
