Multifamily Rental Portfolio with 10
For Sale
$1,599,000
8831 Gap Newport Pike, Avondale, PA 19311
Two parcels totaling about 2.4 acres offer 10 rental units in five buildings, with ample parking on-site.
Property Size17,000 SF
Lot Size2.40 Acres
Price / SF$94.06
Days on Market88
Property Features for 8831 Gap Newport Pike
General Information
Standard status
Active
Size
17,000 SF
Lot size
2.40 Acres
Additional Details
Multifamily Units
10
Building Details
Year Built
1900
Listing Agency:
Iron Valley Real Estate Exton
Listed By:
Aaron Alexander Jones · License #RS377443
(610) 850-3535
Source:
Kandorre
Added: Jun 13
Changed: Sep 4
Last Checked: Sep 8 at 12:07PM
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 Iron Valley Real Estate Exton
Investment Insights
Based on property information with market context.
8831 & 8837 Gap Newport Pike is a two-parcel rental package spanning approximately 2.4 acres and containing 10 rental units across five buildings. Seven units share a layout with 1,200+ square feet of living space, each with separate entrances and attached garages. Several of these units also include finished or finish-ready basements, offering room to convert to additional bedroom configurations. Of the seven shared-layout units, four are 2-bedroom and three are 3-bedroom. The main house adds one 3-bedroom unit and two more 2-bedroom units. The property is described as well-maintained, with long-term tenants in place.
The site is conveniently located along Gap Newport Pike and provides ample parking. Current gross annual rental income is reported as $142,200, with projected market rent of $1,500+ per month for 2-bedroom units and $1,700+ per month for 3-bedroom units with basement conversions. Showings must be scheduled and the property should not be walked or tenants disturbed.
The site is conveniently located along Gap Newport Pike and provides ample parking. Current gross annual rental income is reported as $142,200, with projected market rent of $1,500+ per month for 2-bedroom units and $1,700+ per month for 3-bedroom units with basement conversions. Showings must be scheduled and the property should not be walked or tenants disturbed.
Key Highlights
- Two‑parcel package totaling approx. 2.4 acres (8831 & 8837 Gap Newport Pike) with 10 rental units in five buildings.
- Current gross annual rental income of $142,200 with long‑term tenants in place.
- Seven units each feature 1,200+ sq ft with separate entrances and attached garages.
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 19311, PA
9,556
Population
3,941
Households
2.4
Avg Household Size
36
Median Age
53%
College-Educated
85%
High-School Grad
12.5 sq mi
ZIP Area
764
Density / Sq Mi
$146,723
Median Household Income
$52,606
Median Earnings
$1,397
Median Rent
$524,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two parcels totaling about 2.4 acres offer 10 rental units in five buildings, with ample parking on-site.
Where is this apartment building located?
The property is located at 8831 Gap Newport Pike Avondale, PA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two‑parcel package totaling approx. 2.4 acres (8831 & 8837 Gap Newport Pike) with 10 rental units in five buildings.; Current gross annual rental income of $142,200 with long‑term tenants in place.; Seven units each feature 1,200+ sq ft with separate entrances and attached garages.
