Building Details

Year Built 1890

Listing Agency: Keller Williams Real Estate -Exton k***@kw.com Show Phone

Listed By: Todd Reed · License #AB046808L Show Phone

Source: Cummingsrealtors

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 2:38AM

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Investment Insights

Based on property information with market context.

Built in 1890, this 1,466-square-foot duplex has two residential units. The first-floor apartment includes a living room, eat-in kitchen, remodeled bathroom, two bedrooms or a bedroom and office, and a walk-in closet. Its second bedroom is accessed through the main bedroom. Basement access leads to a large laundry room and a screened side porch. The second-floor unit has a remodeled kitchen, living room, bedroom, and full bathroom, along with access to a walk-up attic. The attic is unheated and may offer potential for additional living space.

A rear deck and a 10-by-15-foot shed are included. The property sits on a corner lot in Parkesburg.

Key Highlights

• Two‑unit duplex totaling 1,466 square feet
• Built in 1890
• First‑floor unit has two bedrooms or a bedroom and office, plus a walk‑in closet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,846

Cap Rate

6.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$336,920 $336.9K

Cap Rate 7%

$240,657 $240.7K

Cap Rate 9%

$187,178 $187.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,466 SF

Gross rent

$28.1K $19.20/SF

− Vacancy

−$4.1K −$2.78/SF

EGI

$24.1K $16.42/SF

− OpEx

−$7.2K −$4.92/SF

NOI

$16.8K $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%

$336,920

Cap Rate 7%

$240,657

Cap Rate 9%

$187,178

Alternative Uses

Best Use

Multifamily LT 5

$240.7K

$210.6K – $280.8K (±1% cap)

NOI $16,846 @ 7.0% cap · market cap 6.74%

Second Best

Apartment 5plus

$227.1K

$198.7K – $264.9K (±1% cap)

NOI $15,896 @ 7.0% cap · market cap 6.36%

Theoretical Best

Office A

$444.5K

$388.9K – $518.6K (±1% cap)

NOI $31,113 @ 7.0% cap · market cap 12.45%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Hair Salon (Bike/Boat/Book/etc) Store Nail Salon

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

Location Intelligence

Trade Area within ½ mile

226

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two units offer distinct living areas, with a walk-up attic and basement access.

Where is this duplex located?

The property is located at 443 W 2ND AVENUE Parkesburg, PA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Two‑unit duplex totaling 1,466 square feet; Built in 1890; First‑floor unit has two bedrooms or a bedroom and office, plus a walk‑in closet