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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



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.
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 | Apartment Style | Low-Rise |
| Price Per Unit | $441,650 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 6.37% | Building Size | 14,888 SF |
| Gross Rent Multiplier | 13.2 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Zoning | Residential - Residential | ||
| 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 | - |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 01-009-0933.0000 | Total Assessment | $325,570 |
| Land Assessment | $68,980 | Annual Taxes | $11,516 ($0.77/SF) |
| Improvements Assessment | $256,590 | Tax Year | 2025 Payable 2025 |
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
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