Team Giombetti

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 

8831 GAP NEWPORT PIKEAVONDALE, PA 19311

Commercial · 17,000 Sq. ft. | 2.40 Acres
$1,649,000 ACTIVE

8831 GAP NEWPORT PIKE Overview

Time on Site:
272 days
Visits:
64

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.

Virtual Tour
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

8831 GAP NEWPORT PIKE Facts & Features

  • Type Commercial
  • Sq. ft. 17,000
  • Price/Sq.ft. $97
  • Lot 2.40 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1900

Business Information

  • Business Type: Apartment Building

Location/Region

  • Country: US
  • County: CHESTER
  • County Or Parish: CHESTER
  • MLS Area Major: New Garden Twp (10360)

Parking Information

  • Total Parking Spaces: 20
  • Type of Parking: Private Garage,Driveway

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • City/Town Tax: 708.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 1118.00
  • County Tax Payment Frequency: Annually
  • School Tax: 7579.00
  • Tax Annual Amount: $9,406.00
  • Tax Assessed Value: 216590.00
  • Tax Year: 2025

General Information

  • Exclusions: Bucket truck on site, lawnmowers, tenants personal property, propane tanks
  • Property Condition: Good,Very Good
  • Property Sub Type: Five Or More Units
  • Property Type: Commercial Sale
  • School District Name: KENNETT CONSOLIDATED
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: R40 APT: APT BLDG(S) (4-1

Interior

Building Information

  • Building Winterized: No
  • Cooling Fuel: None
  • Heating Fuel: Oil,Propane - Leased
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 17000.00
  • Central Air: No
  • Hot Water: Oil,Electric

General Information

  • Accessibility Features: None
  • Cooling: None
  • Flooring: Carpet, Concrete, Luxury Vinyl Plank, Laminate Plank, Laminated, Vinyl, Wood, Other, Tile/Brick

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 2.40
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 104544.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block, Concrete, Copper Plumbing, CPVC/PVC, Frame, Masonry, Stucco
  • Roof: Shingle

General Information

  • Number Of Units Total: 10
  • Sewer: Public Sewer, On Site Septic
  • Utilities: Water Available,Sewer Available,Propane,Other
  • Water Access: No

8831 GAP NEWPORT PIKE Neighborhood

Community

19311 (AVONDALE) Demographics

37
Median Age
753
Population Density (per sq. mile)
57%
College Educated
$125,104
Estimated Median Income
2,585
Estimated Total Home Owners
530
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

8831 GAP NEWPORT PIKE Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8831 GAP NEWPORT PIKE Market Data

Based on the last 30 days in this zip code

$646,811
Average List Price
$199
Average Price per Square Foot
8
Properties Sold
48
Average Days on Market
21
Properties for Sale
Calculations provided by Reliance Network

8831 GAP NEWPORT PIKE History

Date Event Value Agent
11/20/2025Source: BRIGHT MLS Status Change
ACTIVE
10/21/2025Source: BRIGHT MLS Status Change
PENDING
10/1/2025Source: BRIGHT MLS Status Change
ACTIVE
10/1/2025Source: BRIGHT MLS Added to Database
October 01, 2025
Listing provided courtesy of Iron Valley Real Estate Exton- MLS# PACT2110316MLS ProviderContact Information: 6105611111