Two-Unit Multifamily
For Sale
$258,000
401 Maple Ave, Coatesville, PA 19320
Occupied apartments offer an established residential rental profile in Coatesville.
Property Size1,329 SF
Price / SF$194.13
Days on Market22
Property Features for 401 Maple Ave
General Information
Standard status
Active
Size
1,329 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$32,400
Public Transit
Yes
Building Details
Year Built
1924
Tenancy
Multi
Listing Agency:
Real of Pennsylvania
(215) 664-1091
Listed By:
Beau McGettigan · License #RS329721
Source:
Burkhart
Added: Aug 11
Changed: Aug 31
Last Checked: Aug 31 at 6:57PM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This 1,329-square-foot duplex, built in 1924, contains two occupied apartments. The unit mix includes one three-bedroom, one-bathroom residence and one two-bedroom, one-bathroom residence, with private-pay tenants in place.
The property is situated in Coatesville near downtown, major commuter routes, public transportation, and regional employment centers. Its residential setting and existing occupancy provide a clearly defined multifamily configuration for continued rental operations.
The property is situated in Coatesville near downtown, major commuter routes, public transportation, and regional employment centers. Its residential setting and existing occupancy provide a clearly defined multifamily configuration for continued rental operations.
Key Highlights
- Two apartments: one 3‑bedroom, 1‑bathroom unit and one 2‑bedroom, 1‑bathroom unit
- 1,329 square feet in a duplex built in 1924
- Both units occupied by private‑pay tenants
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
$15,272
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
5.92%
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%
$305,440
$305.4K
Cap Rate 7%
$218,171
$218.2K
Cap Rate 9%
$169,689
$169.7K
Market Conditions
NOI Build-Up for 1,329 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
$25.5K $19.20/SF
− Vacancy
−$3.7K −$2.78/SF
EGI
$21.8K $16.42/SF
− OpEx
−$6.5K −$4.92/SF
NOI
$15.3K $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%
$305,440
Cap Rate 7%
$218,171
Cap Rate 9%
$169,689
Alternative Uses
Best Use
Multifamily LT 5
$218.2K
$190.9K – $254.5K
NOI $15,272 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$205.9K
$180.1K – $240.2K
NOI $14,411 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$402.9K
$352.6K – $470.1K
NOI $28,206 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 19320, PA
54,149
Population
21,199
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
91%
High-School Grad
81.6 sq mi
ZIP Area
664
Density / Sq Mi
$88,852
Median Household Income
$44,920
Median Earnings
$1,427
Median Rent
$302,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied apartments offer an established residential rental profile in Coatesville.
Where is this duplex located?
The property is located at 401 Maple Ave Coatesville, PA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Two apartments: one 3‑bedroom, 1‑bathroom unit and one 2‑bedroom, 1‑bathroom unit; 1,329 square feet in a duplex built in 1924; Both units occupied by private‑pay tenants
