$1,649,000

8831 GAP NEWPORT PIKE, Avondale, PA 19311

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 months ago

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.

Listing Status:
Active
Date Added:
October 2, 2025
Data Last Updated:
May 9, 2026 at 7:16AM
Listing Office:
Iron Valley Real Estate Exton : 6105611111
Listing Agent:
Aaron Alexander Jones : 6108503535
MLS ID:
PACT2110316
  • Flooring: CarpetConcreteLuxury vinyl plankLaminate plankLaminatedVinylWoodOtherTile brick
  • A/C: None
  • Heating: Hot WaterOilPropane - Leased
  • Disability Feature: None
  • Roofing: Shingle
  • General: BlockConcreteCopper PlumbingCPVC/PVCFrameMasonryStucco
  • Originating MLS: BRIGHT_MAIN
  • School District: KENNETT CONSOLIDATED
  • County: CHESTER-PA
  • Zoning: R40 APT: APT BLDG(S) (4-160-03 -0030.0200
  • Utilities: Water availableSewer availablePropaneOther
  • Water: Public
  • Sewer: Public SewerOn Site Septic
  • Source: BRIGHT_MAIN
  • Exclusions: Bucket truck on sitelawnmowerstenants personal propertypropane tanks

This listing courtesy of Aaron Alexander Jones , Iron Valley Real Estate Exton

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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