Apartment Building Portfolio on Two
New
For Sale
$1,599,000
8831 Gap Newport Pike, Avondale, PA 19311
Ten-unit apartment complex across five buildings with separate entrances and attached garages for multiple units.
Property Size17,000 SF
Lot Size2.40 Acres
Price / SF$94.06
Days on Market3
Property Features for 8831 Gap Newport Pike
General Information
Standard status
Active
Size
17,000 SF
Lot size
2.40 Acres
Units
Unit Mix
4 x 2BR, 3 x 3BR, 1 x 3BR, 2 x 2BR
Multifamily Units
10
Additional Details
Gross Income
$142,200
Building Details
Year Built
1900
Buildings
5
Listing Agency:
Iron Valley Real Estate Exton
(610) 850-3535
Listed By:
Aaron Alexander Jones · License #RS377443
Source:
Kandorre
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 9:14AM
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 present a two-parcel apartment building package spanning approximately 2.4 acres, with 10 rental units across 5 buildings. Seven of the units share a desirable layout with 1,200+ sq ft of living space, each with separate entrances and attached garages. Several of these units also include finished or finish-ready basements, supporting the ability to expand into 3-bedroom configurations.
Of the seven units with the shared layout, four are 2-bedroom and three are 3-bedroom. The main house adds a 3-bedroom unit and two additional 2-bedroom units. The property is described as well-maintained with long-term tenants in place, and the site offers ample parking along Gap Newport Pike.
Built in 1900, this package is designed for a tenant-ready setup today, with additional room to improve unit mix through basement-ready spaces.
Of the seven units with the shared layout, four are 2-bedroom and three are 3-bedroom. The main house adds a 3-bedroom unit and two additional 2-bedroom units. The property is described as well-maintained with long-term tenants in place, and the site offers ample parking along Gap Newport Pike.
Built in 1900, this package is designed for a tenant-ready setup today, with additional room to improve unit mix through basement-ready spaces.
Key Highlights
- Two parcels totaling approximately 2.4 acres
- 10 rental units across 5 buildings
- Seven units with 1,200+ sq ft, separate entrances, and attached garages
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
188
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit apartment complex across five buildings with separate entrances and attached garages for multiple units.
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 parcels totaling approximately 2.4 acres; 10 rental units across 5 buildings; Seven units with 1,200+ sq ft, separate entrances, and attached garages
