Building Details

Year Built 1870

Construction brick

Tenancy Multi

Listing Agency: Bold Realty i***@boldpa.com

Listed By: Trent L Stauffer · License #RM422216 Show Phone

Source: Cummingsrealtors

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 2:43AM

Report an Issue

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 Bold Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,378-square-foot duplex is a brick corner building dating to 1870. Its two tenant-occupied apartments include a one-bedroom, one-bath unit and a two-bedroom, one-bath unit. Interior updates include wood-look flooring, ceiling fans, and kitchens equipped with black appliances and built-in microwaves.

At 401 Chestnut Street in Pottstown Borough, the property is a short distance from High Street shops, dining, and services. Both apartments are occupied.

Key Highlights

• Two tenant‑occupied apartments
• Unit mix: one 1‑bedroom, 1‑bath apartment and one 2‑bedroom, 1‑bath apartment
• 1,378 square feet in a brick corner building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,022

Cap Rate

8.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$400,440 $400.4K

Cap Rate 7%

$286,029 $286.0K

Cap Rate 9%

$222,467 $222.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,378 SF

Gross rent

$30.6K $22.20/SF

− Vacancy

−$2.0K −$1.44/SF

EGI

$28.6K $20.76/SF

− OpEx

−$8.6K −$6.23/SF

NOI

$20.0K $14.53/SF

Area

Montgomery County, PA

Vacancy

6.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$400,440

Cap Rate 7%

$286,029

Cap Rate 9%

$222,467

Alternative Uses

Best Use

Multifamily LT 5

$286.0K

$250.3K – $333.7K (±1% cap)

NOI $20,022 @ 7.0% cap · market cap 8.34%

Second Best

Apartment 5plus

$266.0K

$232.7K – $310.3K (±1% cap)

NOI $18,617 @ 7.0% cap · market cap 7.76%

Theoretical Best

Specialty Retail

$792.6K

$693.6K – $924.8K (±1% cap)

NOI $55,485 @ 7.0% cap · market cap 23.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Spa & Massage Center Law Firm Daycare Center Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,121

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Updated Two-Unit Duplex

2318 E HIGH Street, Pottstown, PA 19464

$370,000

1,388 SF

View details

Residential Duplex Income Property

48 CHESTNUT Street, Pottstown, PA 19464

$299,999

2,011 SF

View details

Duplex

924 Sheep Hill Rd, Pottstown, PA 19465

$450,000

1,040 SF

View details

Duplex with Detached Garage

9 W 3RD STREET, Pottstown, PA 19464

$375,000

2,088 SF

View details

Renovated Brick Duplex

436 SOUTH Street, Pottstown, PA 19464

$373,000

2,282 SF

View details

Two-Unit Residential Property

107 E MAIN Street, Pottstown, PA 19465

$409,900

2,238 SF

View details

Vacant Mixed-Use Property with Apartment

26 N CHARLOTTE STREET, Pottstown, PA 19464

$200,000

2,008 SF

View details

Open-Plan Specialty Space

1132 Ridge Rd, Pottstown, PA 19465

Contact for pricing

1,500 SF

View details

Brick Triplex with Parking Lot

503 KING Street, Pottstown, PA 19464

$420,000

840 SF

View details

Dual-Business Retail Space

2182 E High St Unit 2, Pottstown, PA 19464

$300,000

3,000 SF

View details

Updated Office Unit with Hardwood Floors

80 N HANOVER STREET #4, Pottstown, PA 19464

Contact for pricing

1,200 SF

View details

Renovated Office/Retail Building in Pottstown

377 E High St, Pottstown, PA 19464

$499,000

2,314 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two occupied apartments offer distinct one- and two-bedroom layouts with updated kitchens.

Where is this duplex located?

The property is located at 401 CHESTNUT STREET Pottstown, PA.

What is the asking price?

The asking price for this property is $240,000.

What are key features of this property?

This property features: Two tenant‑occupied apartments; Unit mix: one 1‑bedroom, 1‑bath apartment and one 2‑bedroom, 1‑bath apartment; 1,378 square feet in a brick corner building