1. Pennsylvania
  2. Avondale
  3. 8831 GAP NEWPORT PIKE
$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 3 days 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 2 bedrooms, 1 bath, and 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. The main house adds three 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 at 05:00AM
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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Location

Schools Nearby

N

New Garden Elementary School

265 New Garden Rd, Toughkenamon, PA, 19374

Grades 1-5

1.39 miles away

K

Kennett Middle School

195 Sunny Dell Rd, Landenberg, PA, 19350

Grades 6-8

2.00 miles away

K

Kennett High School

100 E South St, Kennett Square, PA, 19348

Grades 9-12

3.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.