Three-Unit Corner
New
For Sale
$375,000
301 E VINE ST, Pottstown, PA 19464
Three two-bedroom apartments in the Pottsgrove School District, with one unit available for owner occupancy or leasing flexibility.
Property Size2,587 SF
Price / SF$144.96
Days on Market6
Property Features for 301 E VINE ST
General Information
Standard status
Active
Size
2,587 SF
Property subtype
Multi-family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Listing Agency:
RE/MAX Main Line-Kimberton
(610) 935-3200
Listed By:
James J Boyd · License #AB065560
(610) 842-9907
Source:
Hostetterrealty
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 14 at 12:08PM
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 RE/MAX Main Line-Kimberton
Investment Insights
Based on property information with market context.
This corner triplex contains 2,587 square feet and three two-bedroom, one-bathroom apartments. Two units are occupied, while the third is vacant and undergoing new carpeting and fresh paint. A no-pets, no-smoking policy applies throughout the property. The building is located within the Pottsgrove School District and offers a three-unit residential income configuration.
The property is near major highways, shopping centers, dining options, and the revitalized downtown Pottstown High Street area. Its location at 301 E Vine St provides access to established community amenities, while the vacant apartment gives a new owner flexibility to lease or occupy the space. Potential off-street parking from the alley has been noted but should be verified.
The property is near major highways, shopping centers, dining options, and the revitalized downtown Pottstown High Street area. Its location at 301 E Vine St provides access to established community amenities, while the vacant apartment gives a new owner flexibility to lease or occupy the space. Potential off-street parking from the alley has been noted but should be verified.
Key Highlights
- Three 2‑bedroom, 1‑bathroom units
- 2,587‑square‑foot triplex on a corner property
- Two units occupied; third unit is vacant
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
$29,728
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
7.93%
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%
$594,560
$594.6K
Cap Rate 7%
$424,686
$424.7K
Cap Rate 9%
$330,311
$330.3K
Market Conditions
NOI Build-Up for 2,587 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
$49.7K $19.20/SF
− Vacancy
−$7.2K −$2.78/SF
EGI
$42.5K $16.42/SF
− OpEx
−$12.7K −$4.92/SF
NOI
$29.7K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
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%
$594,560
Cap Rate 7%
$424,686
Cap Rate 9%
$330,311
Alternative Uses
Best Use
Multifamily LT 5
$424.7K
$371.6K – $495.5K
NOI $29,728 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$400.7K
$350.7K – $467.5K
NOI $28,052 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$784.4K
$686.3K – $915.1K
NOI $54,905 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 19464, PA
48,409
Population
19,985
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
25.6 sq mi
ZIP Area
1,891
Density / Sq Mi
$76,338
Median Household Income
$44,888
Median Earnings
$1,226
Median Rent
$231,700
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?
Triplex - Three two-bedroom apartments in the Pottsgrove School District, with one unit available for owner occupancy or leasing flexibility.
Where is this triplex located?
The property is located at 301 E VINE ST Pottstown, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom units; 2,587‑square‑foot triplex on a corner property; Two units occupied; third unit is vacant
