Renovated Brick
For Sale
$350,000
635 Chestnut Street, Pottstown, PA 19464
Brick end unit duplex with a detached, currently vacant garage on the property.
Property Size2,112 SF
Price / SF$165.72
Days on Market154
Property Features for 635 Chestnut Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RES
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,850
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Year Renovated
2025
Listing Agency:
Keller Williams Real Estate -Exton
(484) 769-3353
Listed By:
Rebecca Horen
(484) 769-3353
Source:
Compass
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 22 at 12:48PM
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 Keller Williams Real Estate -Exton
Investment Insights
Based on property information with market context.
This brick end unit duplex offers two residential units, each with 2–3 bedrooms and 1 bathroom. The first-floor unit was renovated in November 2025 and is currently rented at $1,800 per month through December 2026.
The upstairs unit is on a month-to-month basis at $1,450. A detached garage on the property is currently vacant and available to be rented for $250–$300 per month.
The property is located in Montgomery County within the Pottstown Boro MLS area, served by the Pottstown school district.
The upstairs unit is on a month-to-month basis at $1,450. A detached garage on the property is currently vacant and available to be rented for $250–$300 per month.
The property is located in Montgomery County within the Pottstown Boro MLS area, served by the Pottstown school district.
Key Highlights
- Brick end unit duplex offering 2–3 beds and 1 bath
- First floor renovated in November 2025 and rented for $1,800/mo through December 2026
- Upstairs tenant is on month‑to‑month at $1,450/mo
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
$24,269
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
6.93%
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%
$485,380
$485.4K
Cap Rate 7%
$346,700
$346.7K
Cap Rate 9%
$269,656
$269.7K
Market Conditions
NOI Build-Up for 2,112 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
$40.6K $19.20/SF
− Vacancy
−$5.9K −$2.78/SF
EGI
$34.7K $16.42/SF
− OpEx
−$10.4K −$4.92/SF
NOI
$24.3K $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%
$485,380
Cap Rate 7%
$346,700
Cap Rate 9%
$269,656
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.4K – $404.5K
NOI $24,269 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$327.2K
$286.3K – $381.7K
NOI $22,901 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 12.81%
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
975
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
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 - Brick end unit duplex with a detached, currently vacant garage on the property.
Where is this duplex located?
The property is located at 635 Chestnut Street Pottstown, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Brick end unit duplex offering 2–3 beds and 1 bath; First floor renovated in November 2025 and rented for $1,800/mo through December 2026; Upstairs tenant is on month‑to‑month at $1,450/mo
