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305 S. Walnut St. 305 S Walnut St 6 Unit Apartment Building $2,649,900 ($441,650/Unit) 6.37% Cap Rate West Chester, PA 19382

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INVESTMENT HIGHLIGHTS

  • Off-street parking
  • Location, location, location!
  • Situated in a highly sought-after area, just steps from downtown West Chester, local shops, dining, and entertainment, making this an ideal location.
  • Meticulously maintained
  • Introducing an exceptional investment property in the heart of West Chester, PA.

EXECUTIVE SUMMARY

Prime Investment Opportunity in West Chester – 305 S. Walnut St
Introducing an exceptional investment property in the heart of West Chester, PA. This fully renovated 6-unit apartment building at 305 S. Walnut St blends historic charm with modern luxury, offering an incredible opportunity for savvy investors. Originally built in 1900, the building has been meticulously updated to meet today’s trends and modernities, while preserving its classic West Chester character.
Property Highlights:
6 Units: Featuring a diverse mix of apartments to attract a variety of tenants, including:
1 - 3 bed, 2 bath
1 - 2 bed, 1 bath
4 - 1 bed, 1 bath units
Luxury Finishes: Each unit boasts high-end finishes that appeal to upscale tenants, ensuring premium rental income while preserving the building's historic charm.
Enclosed Porches: Every apartment includes a private, enclosed porch, offering tenants a peaceful retreat.
Ample Parking: A dedicated parking lot for 9 vehicles provides convenience and added value.
Basement Potential: The basement offers additional space with potential to add 2 more units, further increasing rental income and the property's value.
Prime Location: Situated in a highly sought-after area, just steps from downtown West Chester, local shops, dining, and entertainment, making this an ideal location for tenants.
This property offers the best of both worlds: the rich history and timeless appeal of a 1900s building, fully renovated to meet the demands of today’s discerning renters. With a history of consistent occupancy and a strategic location, it presents both immediate returns and long-term growth potential.
Don’t miss out on this rare opportunity to own a well-maintained, income-generating asset in one of the region’s most desirable neighborhoods.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $212,340 $14.26
Other Income - -
Vacancy Loss $12,540 $0.84
Effective Gross Income $199,800 $13.42
Taxes $11,516 $0.77
Operating Expenses $19,566 $1.31
Total Expenses $31,082 $2.09
Net Operating Income $168,718 $11.33

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $212,340
Annual Per SF $14.26
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $12,540
Annual Per SF $0.84
Effective Gross Income
Annual $199,800
Annual Per SF $13.42
Taxes
Annual $11,516
Annual Per SF $0.77
Operating Expenses
Annual $19,566
Annual Per SF $1.31
Total Expenses
Annual $31,082
Annual Per SF $2.09
Net Operating Income
Annual $168,718
Annual Per SF $11.33

PROPERTY FACTS Under Contract

Price $2,649,900
Price Per Unit $441,650
Sale Type Investment
Cap Rate 6.37%
Gross Rent Multiplier 13.2
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.40 AC
Building Size 14,888 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1900/2022
Parking Ratio 0.87/1,000 SF
Zoning Residential - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Heating
  • Security System
  • Kitchen
  • Stainless Steel Appliances
  • Tub/Shower
  • Vinyl Flooring
  • Quartz Countertops

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Fenced Lot
  • Furnished Units Available
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 1 $4,700 -
2+1 1 $2,800 -
1+1 4 $2,700 -
Walk Score®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-009-0933.0000
Land Assessment
$68,980
Improvements Assessment
$256,590
Total Assessment
$325,570
Annual Taxes
$11,516 ($0.77/SF)
Tax Year
2025 Payable 2025
  • Listing ID: 35009156

  • Date on Market: 3/4/2025

  • Last Updated:

  • Address: 305 S Walnut St, West Chester, PA 19382

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