Bought with Lisa Monaco • Compass Pennsylvania, LLC
$260,000
$255,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
213 GRAY ST Chester, PA 19013
1,666 SqFt
Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,666 sqft
Price per Sqft $156
Subdivision Parkside
MLS Listing ID PADE2104016
Style Other
Year Built 1950
Available Date 2025-11-18
Tax Year 2019
Lot Size 5,619 Sqft
Property Sub-Type Detached
Property Description
BACK TO ACTIVE PREVIOUS BUYER FELL THROUGH - 2 UNITS (Each 2BR/2BA) With Cap Rate
Exceptional investment opportunity in Chester! This legal 2-unit multifamily features two spacious 2-bedroom, 2-bathroom units, both fully occupied with reliable long-term tenants. The property generates $27,816 in annual rental income, producing a strong 10% gross cap rate at the current asking price — an excellent return for any investor seeking immediate cash flow.
Each unit offers generous bedroom sizes, full bathrooms, functional layouts, and solid rental appeal. With low annual taxes, stable tenancy, and strong rental demand in the area, this turnkey building delivers steady income from day one.
Conveniently located on a quiet residential block near I-95, I-476, public transportation, Widener University, Chester Park, and local amenities. Whether you're expanding your portfolio or searching for a high-yield asset with long-term upside, this duplex is a rare find at this price point.
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning R-20
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Equipment Refrigerator, Oven/Range - Gas
Exterior
Water Access N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Community
New Construction N
Schools
School District Chester-Upland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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