4-Unit Apartment
New
For Sale
$975,000
501 GAY Street, Phoenixville, PA 19460
Multi-Family, PHOENIXVILLE, PA
Property Size4,716 SF
Lot Size0.31 Acres
Price / SF$206.74
Days on Market1
Property Features for 501 GAY Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
2
Parking features
Garage - Detached
Elementary school district
PHOENIXVILLE AREA
Middle school district
PHOENIXVILLE AREA
High school district
PHOENIXVILLE AREA
Standard status
Active
Size
4,716 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
8724
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Amenities
wrap-around front porch
coin-operated laundry
storage shed
large deck
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Chris James Hector Realty
(610) 933-7592
Listed By:
Andrea L Heskett · License #RS306162
(610) 329-1622
Added: Oct 5
Last Checked: Oct 5 at 6:06PM
MLS# PACT2137052
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 1900 Colonial contains four apartments across 4,716 square feet, with brick construction, hot water heat, and wall-unit cooling. Interior details include stained-glass windows and a basement with coin-operated laundry. The property also has a detached two-car garage and a storage shed. The heater was replaced in 2019; the main roof was replaced in 2016, and the bay window roof in 2026.
On a 0.3099-acre parcel in Phoenixville Borough, the property is within walking distance of Reeves Park, Phoenixville Public Library, and shops and dining along Gay, Main, and Bridge Streets. The side yard may offer potential for subdivision, subject to applicable approvals.
On a 0.3099-acre parcel in Phoenixville Borough, the property is within walking distance of Reeves Park, Phoenixville Public Library, and shops and dining along Gay, Main, and Bridge Streets. The side yard may offer potential for subdivision, subject to applicable approvals.
Key Highlights
- Four apartments in a 4,716‑square‑foot Colonial built in 1900
- 0.3099‑acre parcel in Phoenixville Borough
- Detached two‑car garage and storage shed
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - A detached garage, basement laundry, and four distinct apartments support a multi-unit residential layout.
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 Colonial built in 1900; 0.3099‑acre parcel in Phoenixville Borough; Detached two‑car garage and storage shed
