3-Unit Brick and Stone
For Sale
$525,000
583 E CHESTNUT STREET, Coatesville, PA 19320
A three-apartment configuration combines two one-bedroom units with a two-bedroom residence in a 1900 building.
Property Size3,300 SF
Price / SF$159.09
Days on Market12
Property Features for 583 E CHESTNUT STREET
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Real of Pennsylvania
(855) 450-0442
Listed By:
Beau McGettigan · License #RS329721
(484) 459-7882
Source:
Cummingsrealtors
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 7 at 12:45PM
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.
At 583 E Chestnut St in Coatesville, this 3,300-square-foot triplex dates to 1900 and features brick and stone construction. Its three apartments comprise two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Each apartment is leased to a Housing Authority of Chester County tenant, with rent paid directly to ownership.
The property is minutes from the Coatesville VA Medical Center and Coatesville Amtrak Station, and near major employment centers. The 8-unit building at 553 E Chestnut St is also being offered and is a short walk away. This triplex can be acquired individually or included in a portfolio of 10 multifamily and mixed-use properties located nearby.
The property is minutes from the Coatesville VA Medical Center and Coatesville Amtrak Station, and near major employment centers. The 8-unit building at 553 E Chestnut St is also being offered and is a short walk away. This triplex can be acquired individually or included in a portfolio of 10 multifamily and mixed-use properties located nearby.
Key Highlights
- 3,300‑square‑foot building constructed in 1900
- Three apartments: two 1‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit
- All three units leased to Housing Authority of Chester County tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,921
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,420
$758.4K
Cap Rate 7%
$541,729
$541.7K
Cap Rate 9%
$421,344
$421.3K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$63.4K $19.20/SF
− Vacancy
−$9.2K −$2.78/SF
EGI
$54.2K $16.42/SF
− OpEx
−$16.3K −$4.92/SF
NOI
$37.9K $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 Rate 5%
$758,420
Cap Rate 7%
$541,729
Cap Rate 9%
$421,344
Alternative Uses
Best Use
Multifamily LT 5
$541.7K
$474.0K – $632.0K
NOI $37,921 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.00M
$875.5K – $1.17M
NOI $70,037 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
673
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - A three-apartment configuration combines two one-bedroom units with a two-bedroom residence in a 1900 building.
Where is this triplex located?
The property is located at 583 E CHESTNUT STREET Coatesville, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,300‑square‑foot building constructed in 1900; Three apartments: two 1‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit; All three units leased to Housing Authority of Chester County tenants
