144 GAY ST Phoenixville, PA 19460
UPDATED:
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,302 sqft
Price per Sqft $325
MLS Listing ID PACT2126990
Style Colonial
Abv Grd Liv Area 2,302
Year Built 1890
Annual Tax Amount $4,792
Tax Year 2025
Lot Size 3,500 Sqft
Acres 0.08
Lot Dimensions 0.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
The first-floor apartment is currently leased at $2,295 per month and features 2 bedrooms and 1 full bathroom, providing immediate cash flow from closing. The upper unit consists of 3 bedrooms and 2 full bathrooms, offering an opportunity for additional rental income, executive housing, furnished rental use, or traditional long-term tenancy.
Significant capital improvements have recently been completed, including a new roof (May 2026) and new electric heat pump heating and cooling systems (May 2026), reducing near-term maintenance concerns and capital expenditure requirements. Additional interior updates further enhance the property's appeal to tenants and future buyers.
Located in one of Chester County's strongest rental markets, 144 Gay Street presents a rare opportunity to acquire a well-maintained income-producing asset with existing cash flow, a rentable vacant unit, and long-term upside in a thriving downtown location. Ideal for investors seeking portfolio growth, stable income, and future appreciation in a supply-constrained market.
Location
State PA
County Chester
Area Phoenixville Boro (10315)
Zoning RI
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Fireplace N
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2302
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Phoenixville Area
Others
Tax ID 15-09 -0656
Ownership Fee Simple
SqFt Source 2302
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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