Renovated Residential
514 VALLEY DRIVE Unit 514, West Chester, PA 19382
For Sale
$229,900
The two-bedroom residence includes a private balcony and access to community recreation amenities.
Property Size802 SF
Price / SF$286.66
Days on Market51
Property Features for 514 VALLEY DRIVE Unit 514
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
tennis courts
children's playground
Building Details
Building Size
Year Built
Listing Agency:
Capital Realty Services LLC
Listed By:
Xin Devine · License #RS290861
(267) 230-9710
Source:
Desantis-realestate
Added: Sep 20
Changed: Nov 9
Last Checked: Nov 8 at 8:40PM
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 Capital Realty Services LLC
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Investment Insights
Based on property information with market context.
This renovated condominium in West Chester, Pennsylvania, has two bedrooms and one bathroom. Interior updates include new carpeting, a refreshed bathroom with a new vanity and bathtub, and upgraded kitchen countertops. The kitchen also has a refrigerator, built-in microwave, and other modern appliances, while a private balcony adds outdoor space.
Residents have access to a community swimming pool, tennis courts, and a children’s playground. The property was built in 1973 and has a listed size of 802 square feet.
Residents have access to a community swimming pool, tennis courts, and a children’s playground. The property was built in 1973 and has a listed size of 802 square feet.
Key Highlights
- Two bedrooms and one bathroom
- 802 square feet
- Renovated interior with new carpeting and bathroom fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,696
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,920
$173.9K
Cap Rate 7%
$124,229
$124.2K
Cap Rate 9%
$96,622
$96.6K
Market Conditions
NOI Build-Up for 802 SF
Gross rent
$17.1K $21.36/SF
− Vacancy
−$1.3K −$1.64/SF
EGI
$15.8K $19.72/SF
− OpEx
−$7.1K −$8.87/SF
NOI
$8.7K $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%
$173,920
Cap Rate 7%
$124,229
Cap Rate 9%
$96,622
Alternative Uses
Best Use
Apartment 5plus
$124.2K
$108.7K – $144.9K
NOI $8,696 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.9K
$240.5K – $320.7K
NOI $19,242 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
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Business Placement
Demographics for 19382, PA
52,498
Population
21,798
Households
2.4
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
46.1 sq mi
ZIP Area
1,139
Density / Sq Mi
$126,159
Median Household Income
$58,596
Median Earnings
$1,788
Median Rent
$542,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Chester County, PA
Properties on Market for Residential income properties in Chester County
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence includes a private balcony and access to community recreation amenities.
Where is this residential income property located?
The property is located at 514 VALLEY DRIVE Unit 514 West Chester, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two bedrooms and one bathroom; 802 square feet; Renovated interior with new carpeting and bathroom fixtures
