5-Unit Apartment
New
For Sale
$692,457
534 CHESTNUT STREET, Pottstown, PA 19464
Residents cover electricity, heat, and hot water, while ownership pays water, sewer, and trash.
Property Size2,991 SF
Price / SF$231.51
Days on Market3
Property Features for 534 CHESTNUT STREET
General Information
Standard status
Active
Size
2,991 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Building Details
Year Built
1800
Listing Agency:
Godfrey Properties
(484) 326-5000
Listed By:
Donna M Godfrey · License #RM422969
(267) 688-0536
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 3:04PM
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 Godfrey Properties
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Investment Insights
Based on property information with market context.
This five-unit apartment property in Pottstown contains 2,991 square feet and was built in 1800. The building is fully occupied, and the current residents have expressed interest in remaining under new ownership.
Residents pay for electricity, heat, and hot water. Water, sewer, and trash service are paid by the owner.
Residents pay for electricity, heat, and hot water. Water, sewer, and trash service are paid by the owner.
Key Highlights
- Five apartments in a fully occupied building
- 2,991 square feet of building area
- Built in 1800
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,409
Cap Rate
5.84%
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 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,432 @ 7.0% cap · market cap 17.39%
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
Explore this area
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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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 - Residents cover electricity, heat, and hot water, while ownership pays water, sewer, and trash.
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 $692,457.
What are key features of this property?
This property features: Five apartments in a fully occupied building; 2,991 square feet of building area; Built in 1800
