19-Unit Apartment Property with Newer
New
For Sale
$1,200,000
514 N POTTSTOWN PIKE, Exton, PA 19341
Two residential buildings provide a mix of efficiencies, one-bedroom, and two-bedroom apartments with on-site laundry.
Property Size8,592 SF
Lot Size1.80 Acres
Price / SF$139.66
Days on Market4
Property Features for 514 N POTTSTOWN PIKE
General Information
Standard status
Active
Size
8,592 SF
Lot size
1.80 Acres
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
9 x efficiency, 8 x one-bedroom, 2 x two-bedroom
Multifamily Units
19
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Amenities
on-site laundry
Building Details
Year Built
1957
Buildings
2
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Kate Muckenhirn · License #RS311119
(484) 799-9197
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:11PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 19-unit apartment property comprises two buildings on a 1.8-acre parcel along PA Route 100. The unit mix includes 9 efficiencies, 8 one-bedroom apartments, and 2 two-bedroom apartments. The original building dates to 1957 and contains approximately 8,592 square feet; a second building was completed in 2022 and has central heat and air conditioning. On-site laundry serves residents, and all 19 apartments are occupied.
The property is about 3.9 miles from the Pennsylvania Turnpike’s Downingtown Interchange and 1.2 miles from U.S. Route 30 Business. The U.S. Route 30 Bypass and U.S. Route 202 are each approximately 4 miles away. Exton Station, with SEPTA Paoli/Thorndale Line and Amtrak Keystone Service connections, is about 2.1 miles away. Retail options along the Main Street at Exton and Exton Square Parkway corridor include Whole Foods Market.
The property is about 3.9 miles from the Pennsylvania Turnpike’s Downingtown Interchange and 1.2 miles from U.S. Route 30 Business. The U.S. Route 30 Bypass and U.S. Route 202 are each approximately 4 miles away. Exton Station, with SEPTA Paoli/Thorndale Line and Amtrak Keystone Service connections, is about 2.1 miles away. Retail options along the Main Street at Exton and Exton Square Parkway corridor include Whole Foods Market.
Key Highlights
- 19 apartments: 9 efficiencies, 8 one‑bedroom units, and 2 two‑bedroom units
- Two buildings on 1.8 acres along PA Route 100
- 1957 building contains approximately 8,592 square feet; second building completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,167
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,340
$1.9M
Cap Rate 7%
$1,330,957
$1.3M
Cap Rate 9%
$1,035,189
$1.0M
Market Conditions
NOI Build-Up for 8,592 SF
Gross rent
$183.5K $21.36/SF
− Vacancy
−$14.1K −$1.64/SF
EGI
$169.4K $19.72/SF
− OpEx
−$76.2K −$8.87/SF
NOI
$93.2K $10.84/SF
Area
Chester County, PA
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,340
Cap Rate 7%
$1,330,957
Cap Rate 9%
$1,035,189
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,167 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,351 @ 7.0% cap · market cap 15.20%
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
19
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
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Business Placement
Demographics for 19341, PA
18,808
Population
9,209
Households
2
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
13.7 sq mi
ZIP Area
1,373
Density / Sq Mi
$122,992
Median Household Income
$71,565
Median Earnings
$2,045
Median Rent
$486,900
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?
Apartment building - Two residential buildings provide a mix of efficiencies, one-bedroom, and two-bedroom apartments with on-site laundry.
Where is this apartment building located?
The property is located at 514 N POTTSTOWN PIKE Exton, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 19 apartments: 9 efficiencies, 8 one‑bedroom units, and 2 two‑bedroom units; Two buildings on 1.8 acres along PA Route 100; 1957 building contains approximately 8,592 square feet; second building completed in 2022
