Mixed-Use Property with
For Sale
$100,000
2703 W 3RD Street, Chester, PA 19013
Multi-Family, CHESTER, PA
Property Size500 SF
Price / SF$200
Days on Market22
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
Changed: Oct 21
Last Checked: Oct 23 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This brick mixed-use building, constructed in 1934, has been stripped to its framing. Work had begun on a proposed layout with two two-bedroom apartments and a storefront; an efficiency apartment was also being considered. The intended configuration requires approvals from the City of Chester, which are the buyer’s responsibility. Utilities are not currently on at the property.
Key Highlights
- Brick building constructed in 1934
- Interior stripped to framing; layout work had begun
- Proposed plan includes two 2‑bedroom apartments and a storefront
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Interior framing was underway for a residential and storefront layout, subject to city approvals.
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: Brick building constructed in 1934; Interior stripped to framing; layout work had begun; Proposed plan includes two 2‑bedroom apartments and a storefront
