Quadplex with Detached
For Sale
$975,000
501 GAY STREET, Phoenixville, PA 19460
Four occupied apartments, basement laundry, and a detached garage support the property’s established rental configuration.
Property Size4,716 SF
Price / SF$206.74
Days on Market9
Property Features for 501 GAY STREET
General Information
Standard status
Active
Size
4,716 SF
Total Parking Spaces
2
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR + office, 1 x 1BR/1BA, 1 x 1BR
Multifamily Units
4
Additional Details
Gross Income
$88,320
Utilities to Site
Yes
Amenities
wrap-around front porch
stained-glass windows
coin-operated laundry
storage shed
Building Details
Year Built
1900
Construction
colonial
Listing Agency:
Chris James Hector Realty
(610) 933-7592
Listed By:
Andrea L Heskett · License #RS306162
(610) 329-1622
Source:
Cummingsrealtors
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 12 at 8:34PM
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 Chris James Hector Realty
Investment Insights
Based on property information with market context.
Built in 1900, this 4,716-square-foot quadplex contains four apartments and a detached two-car garage. Unit layouts include one- and two-bedroom configurations, with features such as updated kitchens, a second-floor deck, stained-glass windows, and a wraparound porch. Coin-operated laundry is located in the basement, and a storage shed adds exterior utility. The heater was replaced in 2019, the main roof in 2016, and the bay-window roof in 2026.
At 501 Gay Street in Phoenixville Borough, the property is within walking distance of Reeves Park, the Phoenixville Public Library, and shops, restaurants, cafes, and art studios along Gay, Main, and Bridge Streets. The four apartments are rented, and the garage is also leased. Tenants pay electric and internet; the landlord covers taxes, gas heat, common electric, water, sewer, and trash. The property is offered in as-is condition, with inspections welcome.
At 501 Gay Street in Phoenixville Borough, the property is within walking distance of Reeves Park, the Phoenixville Public Library, and shops, restaurants, cafes, and art studios along Gay, Main, and Bridge Streets. The four apartments are rented, and the garage is also leased. Tenants pay electric and internet; the landlord covers taxes, gas heat, common electric, water, sewer, and trash. The property is offered in as-is condition, with inspections welcome.
Key Highlights
- Four apartments in a 4,716‑square‑foot building constructed in 1900
- Detached two‑car garage, currently leased, plus a storage shed
- Apartment features include one- and two‑bedroom layouts; one unit has a large deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,192
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,840
$1.1M
Cap Rate 7%
$774,171
$774.2K
Cap Rate 9%
$602,133
$602.1K
Market Conditions
NOI Build-Up for 4,716 SF
Gross rent
$90.5K $19.20/SF
− Vacancy
−$13.1K −$2.78/SF
EGI
$77.4K $16.42/SF
− OpEx
−$23.2K −$4.92/SF
NOI
$54.2K $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%
$1,083,840
Cap Rate 7%
$774,171
Cap Rate 9%
$602,133
Alternative Uses
Best Use
Multifamily LT 5
$774.2K
$677.4K – $903.2K
NOI $54,192 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$730.5K
$639.2K – $852.3K
NOI $51,137 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,089 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Explore this area
Business Placement
Demographics for 19460, PA
43,611
Population
18,881
Households
2.3
Avg Household Size
40
Median Age
58%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
1,264
Density / Sq Mi
$120,472
Median Household Income
$65,879
Median Earnings
$1,622
Median Rent
$426,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments, basement laundry, and a detached garage support the property’s established rental configuration.
Where is this quadplex located?
The property is located at 501 GAY STREET Phoenixville, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four apartments in a 4,716‑square‑foot building constructed in 1900; Detached two‑car garage, currently leased, plus a storage shed; Apartment features include one- and two‑bedroom layouts; one unit has a large deck
