Multifamily Rental Portfolio with 10
8831 Gap Newport Pike Avondale, PA 19311
For Sale
$1,649,000
Two parcels totaling about 2.4 acres offer 10 rental units in five buildings, with ample parking on-site.
Lot Size2.40 Acres
Days on Market401
Property Features for 8831 Gap Newport Pike
General Information
- Standard status
- Active
- Lot size
- 2.40 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency:
Iron Valley Real Estate Exton
(610) 850-3535
Listed By:
Aaron Alexander Jones · License #RS377443
Source:
Deepcreeklake
Added: Jun 20, 2025
Changed: Jul 22
Last Checked: Jul 24 at 10:03PM
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
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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 $1,649,000.
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.
