4-Unit Apartment Building with
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 Market19
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
stained-glass windows
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
Changed: Oct 21
Last Checked: Oct 23 at 12:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this brick Colonial contains four apartments across 4,716 square feet on a 0.3099-acre parcel. The property also includes a detached two-car garage, a storage shed, and coin-operated laundry in the basement. Apartment features include a mix of one- and two-bedroom layouts, kitchens, and distinct living areas. Hot-water heat and wall-unit cooling serve the building.
The property is in Phoenixville Borough, within walking distance of Reeves Park, the Phoenixville Public Library, and shops, restaurants, cafes, and art studios along Gay, Main, and Bridge Streets. The main roof was replaced in 2016, the heater in 2019, and the bay window roof in 2026. The seller intends to sell the property in as-is condition.
The property is in Phoenixville Borough, within walking distance of Reeves Park, the Phoenixville Public Library, and shops, restaurants, cafes, and art studios along Gay, Main, and Bridge Streets. The main roof was replaced in 2016, the heater in 2019, and the bay window roof in 2026. The seller intends to sell the property in as-is condition.
Key Highlights
- Four apartments in a 4,716‑square‑foot brick building
- 0.3099‑acre parcel in Phoenixville Borough
- Detached two‑car garage and separate 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.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate apartments sit within a Colonial-style property in Phoenixville Borough, with a detached garage and basement laundry.
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 brick building; 0.3099‑acre parcel in Phoenixville Borough; Detached two‑car garage and separate storage shed
