Building Details

Building Size 1,192 SF

Year Built 1930

Stories 2

Listing Agency: RE/MAX Ace Realty

Listed By: Yusuf Sharif Show Phone

Source: Evrealestate

Added: Jun 12 Changed: Oct 6 Last Checked: Oct 7 at 12:53PM

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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 RE/MAX Ace Realty

Investment Insights

Based on property information with market context.

This duplex at 502 W 10th Street in Chester, Pennsylvania, was built in 1930. Its bi-level configuration is paired with natural-gas hot-water service, and the property is zoned R20.

Key Highlights

• Duplex property with bi‑level construction
• R20 zoning
• Built in 1930

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,065

Cap Rate

7.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$261,300 $261.3K

Cap Rate 7%

$186,643 $186.6K

Cap Rate 9%

$145,167 $145.2K

Market Conditions

NOI Build-Up for 1,192 SF

Gross rent

$21.5K $18.00/SF

− Vacancy

−$2.8K −$2.34/SF

EGI

$18.7K $15.66/SF

− OpEx

−$5.6K −$4.70/SF

NOI

$13.1K $10.96/SF

Area

Delaware County, PA

Vacancy

13.01%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$261,300

Cap Rate 7%

$186,643

Cap Rate 9%

$145,167

Alternative Uses

Best Use

Multifamily LT 5

$186.6K

$163.3K – $217.8K (±1% cap)

NOI $13,065 @ 7.0% cap · market cap 7.14%

Second Best

Apartment 5plus

$170.7K

$149.4K – $199.2K (±1% cap)

NOI $11,949 @ 7.0% cap · market cap 6.53%

Theoretical Best

Office A

$361.4K

$316.2K – $421.6K (±1% cap)

NOI $25,298 @ 7.0% cap · market cap 13.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,546

Businesses Nearby

Explore this area Business Placement

Demographics for 19013, PA

34,252

Population

15,664

Households

2.2

Avg Household Size

34

Median Age

13%

College-Educated

86%

High-School Grad

5.6 sq mi

ZIP Area

6,116

Density / Sq Mi

$39,416

Median Household Income

$31,668

Median Earnings

$1,083

Median Rent

$85,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The property has bi-level construction, natural-gas hot-water service, and R20 zoning.

Where is this duplex located?

The property is located at 502 W 10TH Chester, PA.

What is the asking price?

The asking price for this property is $183,000.

What are key features of this property?

This property features: Duplex property with bi‑level construction; R20 zoning; Built in 1930