Two-Unit Multifamily
For Sale
$240,000
Pending
401 MAPLE AVE, Coatesville, PA 19320
Occupied apartments offer an established residential rental profile in Coatesville.
Property Size1,329 SF
Days on Market68
Property Features for 401 MAPLE AVE
General Information
Standard status
Pending
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
Tenancy
Multi
Listing Agency:
Real of Pennsylvania
(855) 450-0442
Listed By:
Beau McGettigan · License #AB069815
(484) 459-7882
Source:
Keygroupmd
Added: Aug 11
Changed: Oct 10
Last Checked: Oct 16 at 8:54AM
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
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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 / Yr
$15,272
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
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
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 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 6.36%
Second Best
Apartment 5plus
$205.9K
$180.1K – $240.2K
NOI $14,411 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$402.9K
$352.6K – $470.1K
NOI $28,206 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $240,000.
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
