Six-Unit Apartment
441 W 1st Ave, Parkesburg, PA 19365
For Sale
$1,070,000
Multifamily property with mixed one- and two-bedroom layouts and government-backed rental assistance in place.
Property Size8,361 SF
Price / SF$127.98
Days on Market98
Property Features for 441 W 1st Ave
General Information
Standard status
Size
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Real of Pennsylvania
Listed By:
Beau McGettigan · License PA AB069815
(484) 459-7882
Source:
Riverfoxrealty
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 5 at 9:16PM
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 apartment building contains six residential units: five with two bedrooms and one bathroom, plus one with one bedroom and one bathroom. The resident mix includes Housing Authority of Chester County participants and private-pay occupants, with five units supported by government-backed rental assistance.
The property is at 441 W 1st Ave in Parkesburg Borough, Pennsylvania, with access to the Route 30 corridor, public transportation, shopping, regional employment centers, and nearby municipalities. The asset is offered within a 75-unit portfolio comprising 11 multifamily and mixed-use properties across Chester County and is not available for individual purchase.
The property is at 441 W 1st Ave in Parkesburg Borough, Pennsylvania, with access to the Route 30 corridor, public transportation, shopping, regional employment centers, and nearby municipalities. The asset is offered within a 75-unit portfolio comprising 11 multifamily and mixed-use properties across Chester County and is not available for individual purchase.
Key Highlights
- Six apartment units with five 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit
- Five of six units benefit from government‑backed rental assistance
- Resident base includes HACC‑supported and private‑pay occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,662
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,240
$1.8M
Cap Rate 7%
$1,295,171
$1.3M
Cap Rate 9%
$1,007,356
$1.0M
Market Conditions
NOI Build-Up for 8,361 SF
Gross rent
$178.6K $21.36/SF
− Vacancy
−$13.8K −$1.64/SF
EGI
$164.8K $19.72/SF
− OpEx
−$74.2K −$8.87/SF
NOI
$90.7K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,240
Cap Rate 7%
$1,295,171
Cap Rate 9%
$1,007,356
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,662 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,600 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
75
Residential units
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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Business Placement
Demographics for 19365, PA
7,410
Population
2,818
Households
2.6
Avg Household Size
38
Median Age
30%
College-Educated
89%
High-School Grad
16.5 sq mi
ZIP Area
449
Density / Sq Mi
$92,137
Median Household Income
$48,065
Median Earnings
$1,256
Median Rent
$300,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Chester County, PA
Properties on Market for Apartment buildings in Chester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with mixed one- and two-bedroom layouts and government-backed rental assistance in place.
Where is this apartment building located?
The property is located at 441 W 1st Ave Parkesburg, PA.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Six apartment units with five 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit; Five of six units benefit from government‑backed rental assistance; Resident base includes HACC‑supported and private‑pay occupants
