Eight-Unit Apartment
For Sale
$1,100,000
553 E Chestnut St, Coatesville, PA 19320
One-bedroom residences serve both assisted and private-pay tenants near regional employment and transportation connections.
Property Size5,084 SF
Price / SF$216.37
Days on Market89
Property Features for 553 E Chestnut St
General Information
Standard status
Active
Size
5,084 SF
Additional Details
Multifamily Units
75
Building Details
Year Built
1900
Listing Agency:
Real of Pennsylvania
Listed By:
Beau McGettigan · License #AB069815
(215) 664-1091
Source:
Riverfoxrealty
Added: Jul 19
Changed: Oct 12
Last Checked: Oct 6 at 12:34AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This 1900 apartment property contains eight one-bedroom, one-bathroom residences in a multifamily configuration. Five units receive government-backed rental assistance through the Housing Authority of Chester County, while the remaining apartments are occupied by private-pay residents. The tenancy profile combines assisted and conventional rental arrangements within the same building.
The property is situated near the Coatesville VA Medical Center, downtown Coatesville, public transportation, and major commuter routes. It is being offered as part of a 75-unit Chester County portfolio comprising 11 multifamily and mixed-use properties. This asset is subject to a financing arrangement and is not available for individual purchase. Portfolio information, financials, rent rolls, and due diligence materials are available upon request.
The property is situated near the Coatesville VA Medical Center, downtown Coatesville, public transportation, and major commuter routes. It is being offered as part of a 75-unit Chester County portfolio comprising 11 multifamily and mixed-use properties. This asset is subject to a financing arrangement and is not available for individual purchase. Portfolio information, financials, rent rolls, and due diligence materials are available upon request.
Key Highlights
- Eight one‑bedroom, one‑bathroom apartments
- Five of eight units receive government‑backed rental assistance
- Tenant mix includes Housing Authority of Chester County and private‑pay residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,128
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,560
$1.1M
Cap Rate 7%
$787,543
$787.5K
Cap Rate 9%
$612,533
$612.5K
Market Conditions
NOI Build-Up for 5,084 SF
Gross rent
$108.6K $21.36/SF
− Vacancy
−$8.4K −$1.64/SF
EGI
$100.2K $19.72/SF
− OpEx
−$45.1K −$8.87/SF
NOI
$55.1K $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%
$1,102,560
Cap Rate 7%
$787,543
Cap Rate 9%
$612,533
Alternative Uses
Best Use
Apartment 5plus
$787.5K
$689.1K – $918.8K
NOI $55,128 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,899 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
75
Residential units
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 19320, PA
54,149
Population
21,199
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
91%
High-School Grad
81.6 sq mi
ZIP Area
664
Density / Sq Mi
$88,852
Median Household Income
$44,920
Median Earnings
$1,427
Median Rent
$302,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom residences serve both assisted and private-pay tenants near regional employment and transportation connections.
Where is this apartment building located?
The property is located at 553 E Chestnut St Coatesville, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Eight one‑bedroom, one‑bathroom apartments; Five of eight units receive government‑backed rental assistance; Tenant mix includes Housing Authority of Chester County and private‑pay residents
