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Listed by Beau McGettigan • Real of Pennsylvania
$525,000
Est. payment /mo
3 Acres Lot
New
583 E CHESTNUT ST Coatesville, PA 19320
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PACT2136924
Year Built 1900
Annual Tax Amount $2,529
Tax Year 2026
Lot Size 3.000 Acres
Acres 3.0
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Well-maintained 3-unit multifamily investment property in Coatesville, offering 100% government-backed tenancy. The brick and stone building consists of two (2) 1-bedroom, 1-bathroom apartments and one (1) 2-bedroom, 1-bathroom apartment, and generates approximately $3,730 per month in gross rental income ($44,760 annually). All three units are leased to Housing Authority of Chester County (HACC) tenants, with rent paid directly to ownership each month, providing strong income stability and reduced collection risk. The property has a history of low operating expenses and minimal maintenance. It is minutes from the Coatesville VA Medical Center, the Coatesville Amtrak Station and major employment centers, and benefits from strong workforce housing demand and convenient regional transportation access. The property is a short walk from 553 E Chestnut St, an 8-unit building also being offered, creating an opportunity to acquire both. This property is being offered individually or as part of a Portfolio, a larger collection of 10 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandums and Portfolio information, financials, and supplemental offering materials are available upon request.
Location
State PA
County Chester
Area Coatesville City (10316)
Zoning RN4
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Coatesville Area
Others
Tax ID 16-06 -0079
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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