27 East 7th Street is a fully occupied, 6-unit multifamily property in Chester, Pennsylvania. Built in 1920 and renovated in 2023, the property consists of five two-bedroom units and one studio unit across 4,617 square feet. The updated unit interiors feature renovated kitchens and baths, vinyl plank flooring, and fresh finishes throughout, positioning the asset for minimal near-term capital requirements. The property offers embedded rental upside: current in-place rent totals $76,500 annually against a market potential of $87,600 - a gap of $11,100 (14.5%). Bringing rents to market would raise NOI to approximately $49,461, improving the cap rate to approximately 8.3%.
| MLS # | PADE2122216 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1890 |
| Days On Site | 39 |
| Listing Provided By | VRA Realty | Brady M Carroll |
| Story(s) | 3 |
|---|---|
| Units | 6 |
| Zoning | RESIDENTIAL |
| Acreage | 0.04 |
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
| Roof | Flat |
|---|---|
| Construction Materials | Brick, Masonry |
| Garage Yes / No | No |
|---|---|
| Parking Features | Public |
| Utilities | Electric Available, Natural Gas Available |
|---|
| Tax Annual Amount | 2972 |
|---|
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | CHESTER |
| Zip Code | 19013 |
| Area | City Of Chester (10449) |
| School District | CHESTER-UPLAND |
| High School | CHESTER HIGH SCHOOL - MAIN CAMPU |
| Listing VS Median (in 19013) | |
Price: $595,000 low | high Med: $125,250 On site: 39 low | high Med: 119 | |
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | CHESTER |
| Zip Code | 19013 |
| Area | City Of Chester (10449) |
| School District | CHESTER-UPLAND |
| High School | CHESTER HIGH SCHOOL - MAIN CAMPU |
| Listing VS Median (in 19013) | |
Price: $595,000 low | high Med: $125,250 On site: 39 low | high Med: 119 | |
![]() | $299,90015 E 8th StChester, PA 19013 |