8831 GAP NEWPORT PIKE, Avondale, PA 19311
8831 GAP NEWPORT PIKE, Avondale, PA 19311
8831 GAP NEWPORT PIKE, Avondale, PA 19311
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Listed by Aaron Jones • Iron Valley Real Estate Exton
$1,599,000
Est. payment /mo
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2.4 Acres Lot
Price Dropped by $50K

8831 GAP NEWPORT PIKE Avondale, PA 19311

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Additional details
Alexandra DiFilippo

Alexandra DiFilippo

+1(856) 298-9699

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACT2110316

Year Built 1900

Available Date 2025-10-02

Annual Tax Amount $9,406

Tax Year 2025

Lot Size 2.400 Acres

Acres 2.4

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

8831 & 8837 Gap Newport Pike offer a unique package of two parcels spanning approximately 2.4 acres, featuring 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 also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income. Of these seven, four are 2-bedroom & three are 3-bedroom.

The main house adds a 3-bedroom unit & two more 2-bedroom units, all well-maintained with long-term tenants in place.

Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month.

With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential.

Please do not walk the property or disturb tenants. All showings must be scheduled.

Location

State PA

County Chester

Area New Garden Twp (10360)

Zoning R40 APT: APT BLDG(S) (4-1

Interior

Hot Water Oil, Electric

Heating Hot Water

Cooling None

Flooring Carpet, Concrete, Luxury Vinyl Plank, Laminate Plank, Laminated, Vinyl, Wood, Other, Tile/Brick

Heat Source Oil, Propane - Leased

Exterior

Garage Spaces 20.0

Utilities Available Water Available, Sewer Available, Propane, Other

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 20

Garage N

Building

Sewer Public Sewer, On Site Septic

Water Public

New Construction N

Schools

School District Kennett Consolidated

Others

Tax ID 60-03 -0030.0200

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Negotiable

Listing Terms Cash, Conventional, Negotiable

Financing Cash,Conventional,Negotiable

Special Listing Condition Standard

Virtual Tour https://gressphotography.com/8831-Gap-Newport-Pike/idx

Bright MLS (BMLS)

Nearby School & Business

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Alexandra DiFilippo

Alexandra DiFilippo

Agent | License ID: 1646832

+1(856) 298-9699

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