Renovated Side-by-Side
For Sale
$285,000
58 58-60 Irish Ln, Coatesville, PA 19320
Two residential units offer private yards, covered porches, updated kitchens, and off-street parking.
Property Size2,203 SF
Price / SF$129.37
Days on Market21
Property Features for 58 58-60 Irish Ln
General Information
Standard status
Active
Size
2,203 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1780
Buildings
1
Listing Agency:
RE/MAX Action Associates
(610) 909-0975
Listed By:
John Guerrera · License #AB061749L
Source:
Burkhart
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 29 at 5:59PM
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 RE/MAX Action Associates
Investment Insights
Based on property information with market context.
This renovated duplex contains two side-by-side residential units within a 2,203-square-foot single home built in 1780. Each unit includes a covered front porch, kitchen, spacious living room, two second-floor bedrooms, and one newly finished bathroom. Gas hot-air heat, off-street parking, and a private yard serve each residence.
The property is located at 58–60 Irish Lane in Coatesville, on a quiet street bordered by 50 acres of wooded and open private space. Hibernia State Park, Downingtown and Coatesville train stations, shopping, and restaurants are nearby. Regional access includes the Route 30 Bypass, Route 202, Route 76, and the Pennsylvania Turnpike, with West Chester, Devon, Wayne, and King of Prussia also identified in the surrounding area.
The property is located at 58–60 Irish Lane in Coatesville, on a quiet street bordered by 50 acres of wooded and open private space. Hibernia State Park, Downingtown and Coatesville train stations, shopping, and restaurants are nearby. Regional access includes the Route 30 Bypass, Route 202, Route 76, and the Pennsylvania Turnpike, with West Chester, Devon, Wayne, and King of Prussia also identified in the surrounding area.
Key Highlights
- Two side‑by‑side residential units in a renovated single home
- 2,203 square feet; built in 1780
- Each unit has 2 bedrooms and 1 new bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,315
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,300
$506.3K
Cap Rate 7%
$361,643
$361.6K
Cap Rate 9%
$281,278
$281.3K
Market Conditions
NOI Build-Up for 2,203 SF
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.
Gross rent
$42.3K $19.20/SF
− Vacancy
−$6.1K −$2.78/SF
EGI
$36.2K $16.42/SF
− OpEx
−$10.8K −$4.92/SF
NOI
$25.3K $11.49/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,300
Cap Rate 7%
$361,643
Cap Rate 9%
$281,278
Alternative Uses
Best Use
Multifamily LT 5
$361.6K
$316.4K – $421.9K
NOI $25,315 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$341.3K
$298.6K – $398.1K
NOI $23,888 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$667.9K
$584.4K – $779.3K
NOI $46,755 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
235
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private yards, covered porches, updated kitchens, and off-street parking.
Where is this duplex located?
The property is located at 58 58-60 Irish Ln Coatesville, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two side‑by‑side residential units in a renovated single home; 2,203 square feet; built in 1780; Each unit has 2 bedrooms and 1 new bath
