Triplex with Flexible Living
402 West Union Street West Chester, PA 19382
For Sale
$1,000,000
Pending
Triplex for sale featuring three residential units with separate living spaces in West Chester Borough.
Property Size4,000 SF
Days on Market166
Property Features for 402 West Union Street
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1930
Listing Agency:
Long & Foster Real Estate, Inc.
(484) 459-5020
Listed By:
Kyle C McKnett
(484) 459-5020
Source:
Compass
Added: Feb 13
Changed: Jul 21
Last Checked: Jul 23 at 9:52AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This for-sale triplex at 402 West Union Street offers three separate residential units, each with its own living space. The property is described as having a versatile layout and generous square footage, while maintaining classic borough character.
The location is in the heart of West Chester Borough, just minutes from downtown West Chester and West Chester University, with dining and shopping nearby. Everhart Park is about one block away, providing green space, walking trails, and recreational amenities within walking distance.
With three units in place, the property supports flexible use for traditional rental arrangements or owner-occupancy while generating rental income from additional units, subject to applicable rules and execution of the arrangement.
The location is in the heart of West Chester Borough, just minutes from downtown West Chester and West Chester University, with dining and shopping nearby. Everhart Park is about one block away, providing green space, walking trails, and recreational amenities within walking distance.
With three units in place, the property supports flexible use for traditional rental arrangements or owner-occupancy while generating rental income from additional units, subject to applicable rules and execution of the arrangement.
Key Highlights
- Triplex in West Chester Borough with three residential units and separate living spaces
- Year built 1930
- Interior features include 2 fireplaces
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $19.20 |
| − Vacancy | −$11.1k | −$2.78 |
| EGI | $65.7k | $16.42 |
| − OpEx | −$19.7k | −$4.92 |
| NOI | $46.0k | $11.49 |
4,000 SF · lease $19.20/SF/yr · vacancy 14.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$619.6K
$542.2K – $722.9K
NOI $43,374 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,893 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex for sale featuring three residential units with separate living spaces in West Chester Borough.
Where is this triplex located?
The property is located at 402 West Union Street West Chester, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Triplex in West Chester Borough with three residential units and separate living spaces; Year built 1930; Interior features include 2 fireplaces
