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2115 Madison Street

Chester, PA 19013

– beds
– baths
1,505 sqft
4,792 sqft lot
$123 per sqft
1920 build

Welcome to 2115 Madison Street, a modern duplex offering an incredible investment opportunity in Chester, PA. This property boasts two spacious units, with a 2-bedroom unit and a 1-bedroom unit, both currently occupied. The total square footage of this property is 1505 square feet, nestled on a generous lot spanning 4792 square feet. Each unit within this duplex features private access, open floor plans, and in-unit laundry facilities, providing modern convenience for its residents. The property is in good condition with contemporary touches, ensuring a comfortable and stylish living environment. As an investor's dream, the current annual rental income stands at $22,220, yielding an impressive 8.2% cap rate. With the potential for increased rents, the projected annual income could reach $28,080, resulting in an 11% cap rate. This presents an outstanding opportunity for a savvy investor to maximize returns in a rapidly growing market. Don't miss out on the chance to own this lucrative multi-family unit with a promising future. Schedule a showing today and seize the opportunity to add this modern duplex to your investment portfolio.

Listing courtesy of BRIGHT / Compass New Jersey, LLC - Moorestown

Last checked: Checking… • Last updated Apr 24, 2024 •

MLS# PADE2063190 —

The Building

Year Built:

1920
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Structure Type:

Twin/Semi-Detached
Architectural Style:

Traditional
Building Units Total:

2
Accessibility Features:

None
Foundation Details:

Stone
Building Winterized:

No
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1505

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1505
Living Area SqFt:

1,505 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Conventional, Cash
Possession:

Immediate

Location

Directions:

Off 22nd St
Latitude:

39.86469000
Longitude:

-75.36581000

The Property

Property Type:

Multi-Family
Property Sub Type:

Duplex
Property Condition:

Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.11
Lot Size Source:

Assessor
Lot Size Dimensions:

40.00 x 120.00
Lot Dimensions Source:

Assessor
Lot SqFt:

4,792 Sqft
Zoning:

RES
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

R-20
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

49-01-02136-00
Tax Year:

2023
Tax Lot:

343-000
Tax Annual Amount:

$1,700
Tax Assessed Value:

$62,700
Year Assessed:

2023
School Tax:

897.0
County Tax:

188.00
City/Town Tax:

614.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

2%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Radiator
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Chester Upland
School District Source:

3rd Party

The Community

Pool:

No Pool
Spa:

No
Association Recreation Fee:

No
Cap Rate:

8.20

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Number Of Units:

1
Other Units:

Unit 1,Unit 2
Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

1
Two Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/24/24 Apr 24, 2024	Price Changed	BRIGHT	$185,500	-1.9%
3/28/24 Mar 28, 2024	Price Changed	BRIGHT	$189,000	-3.1%
3/12/24 Mar 12, 2024	Listed / Active	BRIGHT	$195,000

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This multifamily located in Academy Hill, Chester, PA 19013 is currently for sale for $185,500. 2115 Madison Street is a 1,505 square foot multifamily with – beds and – baths. 2115 Madison Street is in the Academy Hill neighborhood of Chester and has a WalkScore® of 74, making it very walkable.

Listing Courtesy of: BRIGHT and Compass New Jersey, LLC - Moorestown.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.