5-Unit Apartment
534 CHESTNUT Street, Pottstown, PA 19464
For Sale
$647,900
Multi-Family, POTTSTOWN, PA
Property Size2,991 SF
Lot Size0.14 Acres
Price / SF$216.62
Days on Market8
Property Features for 534 CHESTNUT Street
General Information
Property type
Property subtype
Rooms
Parking features
Appliances
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Godfrey Properties
(484) 326-5000
Listed By:
Donna M Godfrey · License PA RM422969
(267) 688-0536
Added: Nov 5
Changed: Nov 12
Last Checked: Nov 12 at 7:06PM
MLS# PAMC2199670
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.
This 2,991-square-foot, five-unit apartment property sits on a 0.14-acre lot. The brick Colonial building dates to 1800 and has electric baseboard heat, a basement, and a fifth unit configured as an efficiency. That unit includes one garage bay. Refrigerators and electric ovens/ranges are among the listed appliances.
All five units are rented, and the tenants wish to stay. Residents pay for electricity, heat, and hot water; the owner pays water, sewer, and trash. On-street parking is listed as a property feature.
All five units are rented, and the tenants wish to stay. Residents pay for electricity, heat, and hot water; the owner pays water, sewer, and trash. On-street parking is listed as a property feature.
Key Highlights
- Five rented units; tenants wish to remain
- 2,991 square feet on a 0.14‑acre lot
- Fifth unit is an efficiency with 1 garage bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,409
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,180
$808.2K
Cap Rate 7%
$577,271
$577.3K
Cap Rate 9%
$448,989
$449.0K
Market Conditions
NOI Build-Up for 2,991 SF
Gross rent
$78.2K $26.16/SF
− Vacancy
−$4.8K −$1.60/SF
EGI
$73.5K $24.56/SF
− OpEx
−$33.1K −$11.05/SF
NOI
$40.4K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,180
Cap Rate 7%
$577,271
Cap Rate 9%
$448,989
Alternative Uses
Best Use
Apartment 5plus
$577.3K
$505.1K – $673.5K
NOI $40,409 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,432 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
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Business Placement
Demographics for 19464, PA
48,409
Population
19,985
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
25.6 sq mi
ZIP Area
1,891
Density / Sq Mi
$76,338
Median Household Income
$44,888
Median Earnings
$1,226
Median Rent
$231,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Montgomery County, PA
Properties on Market for Apartment buildings in Montgomery County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five occupied units include an efficiency with a garage bay and a mix of tenant- and owner-paid utilities.
Where is this apartment building located?
The property is located at 534 CHESTNUT Street Pottstown, PA.
What is the asking price?
The asking price for this property is $647,900.
What are key features of this property?
This property features: Five rented units; tenants wish to remain; 2,991 square feet on a 0.14‑acre lot; Fifth unit is an efficiency with 1 garage bay
