Four-Unit Residential Income
554 Boot Road West Chester, PA 19380
554 Boot Road, West Chester, PA, 19380
$1,200,000
For Sale
$1,200,000
Stable, fully occupied quadplex with ample parking and recent blacktop in 2025, located in West Whiteland Township.
Property Size4,488 SF
Price / SF$267.38
Days on Market147
Property Features for 554 Boot Road
General Information
- Standard status
- Active
- Size
- 4,488 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1958
Listing agency
Cobblestone Realty Ltd
(610) 696-9000
Listed by
Megan Schmitt Cleaver · License #RM048889A
(610) 696-9000
Source
Compass
Added: Feb 26 Updated: Jul 22 at 5:40PM Checked: Jul 22 at 5:40PM
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 Cobblestone Realty Ltd
Investment Insights
Based on property information with market context.
Stable four-unit residential income property on 1 acre in West Whiteland Township, with all units occupied by long-term tenants. The layout includes two first-floor units and two second-floor units. Unit details include two-bedroom and three-bedroom configurations, with basement access and laundry for the first-floor two-bedroom unit and laundry in a separate basement area for both of the three-bedroom units.
Ample parking is available, and the parking lot received new blacktop in 2025. Owner-paid expenses include taxes, sewer, recycle, and a small electric bill, as well as grounds keeping and snow removal.
Tenant-paid utilities include electric, gas, trash, and cable/internet; trash is handled by the bag. The property is located at 554 Boot Road, West Chester, PA 19380, in Chester County.
Ample parking is available, and the parking lot received new blacktop in 2025. Owner-paid expenses include taxes, sewer, recycle, and a small electric bill, as well as grounds keeping and snow removal.
Tenant-paid utilities include electric, gas, trash, and cable/internet; trash is handled by the bag. The property is located at 554 Boot Road, West Chester, PA 19380, in Chester County.
Key Highlights
- Fully occupied 4‑unit building in West Whiteland Township with long‑term tenants
- On 1 acre with ample parking; parking lot received new blacktop in 2025
- Unit mix: two 2‑bedroom (first floor) and two 3‑bedroom (second floor) units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.2k | $19.20 |
| − Vacancy | −$12.5k | −$2.78 |
| EGI | $73.7k | $16.42 |
| − OpEx | −$22.1k | −$4.92 |
| NOI | $51.6k | $11.49 |
4,488 SF · lease $19.20/SF/yr · vacancy 14.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$736.8K
$644.7K – $859.6K
NOI $51,573 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$695.2K
$608.3K – $811.1K
NOI $48,665 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Stable, fully occupied quadplex with ample parking and recent blacktop in 2025, located in West Whiteland Township.
Where is this quadplex located?
The property is located at 554 Boot Road West Chester, 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: Fully occupied 4‑unit building in West Whiteland Township with long‑term tenants; On 1 acre with ample parking; parking lot received new blacktop in 2025; Unit mix: two 2‑bedroom (first floor) and two 3‑bedroom (second floor) units
