Updated Duplex with Finished Third
For Sale
$465,000
Pending
355 NUTT ROAD, Phoenixville, PA 19460
Two-unit residential property with an updated kitchen, new flooring, finished third floor, and dedicated basement laundry areas.
Property Size1,924 SF
Days on Market100
Property Features for 355 NUTT ROAD
General Information
Standard status
Pending
Size
1,924 SF
Property subtype
Duplex
Building Details
Year Built
1900
Year Renovated
2026
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Action Associates
(610) 363-2001
Listed By:
Jen Hewczuk · License #RS345320
(267) 253-5835
Source:
Cummingsrealtors
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 3 at 7:10AM
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 Action Associates
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex includes two established residential units with distinct layouts and basement laundry access. The first-floor unit offers 2 bedrooms and 1 full bathroom, along with a brand-new kitchen, new flooring, and direct access to the basement. The second unit spans two levels and provides 4 bedrooms and 2 full bathrooms. Its third floor was finished in 2026, adding 2 bedrooms and a full bathroom.
Major improvements include a newer heating system installed in 2023, kitchen and flooring updates in the first-floor unit completed in 2026, and the finished third floor completed in 2026. Unit 1 is currently rented through April 30, 2027, while Unit 2 is currently being marketed for rent. The property is located just minutes from downtown Phoenixville, with nearby restaurants, breweries, boutiques, parks, and entertainment.
Major improvements include a newer heating system installed in 2023, kitchen and flooring updates in the first-floor unit completed in 2026, and the finished third floor completed in 2026. Unit 1 is currently rented through April 30, 2027, while Unit 2 is currently being marketed for rent. The property is located just minutes from downtown Phoenixville, with nearby restaurants, breweries, boutiques, parks, and entertainment.
Key Highlights
- Duplex built in 1900 with 1,924 square feet
- First‑floor unit includes 2 bedrooms, 1 full bathroom, updated kitchen, and new flooring
- Second unit spans 2 levels with 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,109
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,180
$442.2K
Cap Rate 7%
$315,843
$315.8K
Cap Rate 9%
$245,656
$245.7K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$36.9K $19.20/SF
− Vacancy
−$5.4K −$2.78/SF
EGI
$31.6K $16.42/SF
− OpEx
−$9.5K −$4.92/SF
NOI
$22.1K $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 Rate 5%
$442,180
Cap Rate 7%
$315,843
Cap Rate 9%
$245,656
Alternative Uses
Best Use
Multifamily LT 5
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$583.3K
$510.4K – $680.6K
NOI $40,834 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,581
Businesses Nearby
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Business Placement
Demographics for 19460, PA
43,611
Population
18,881
Households
2.3
Avg Household Size
40
Median Age
58%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
1,264
Density / Sq Mi
$120,472
Median Household Income
$65,879
Median Earnings
$1,622
Median Rent
$426,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with an updated kitchen, new flooring, finished third floor, and dedicated basement laundry areas.
Where is this duplex located?
The property is located at 355 NUTT ROAD Phoenixville, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Duplex built in 1900 with 1,924 square feet; First‑floor unit includes 2 bedrooms, 1 full bathroom, updated kitchen, and new flooring; Second unit spans 2 levels with 4 bedrooms and 2 full bathrooms
