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198 Franklin Avenue Phoenixville, PA $ 900,000
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198 Franklin Avenue
$ 900,000
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198 Franklin Avenue

Phoenixville, PA, 19460
$ 900,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 6,216

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Multi-Family Home for sale in Phoenixville, PA

for $900,000 with 5 bedrooms. This home was built in 1900 on a lot size of 0.03.

Exceptional investment opportunity at 198 Franklin Avenue in Phoenixville! This five-unit apartment building grosses $90,900 per year and is offered at an attractive 7.63% cap rate. With a low acquisition cost per unit, this property offers strong income with additional room for growth. Four units have been renovated, leaving a clear opportunity to add value by updating the final unit. That remaining renovation offers the potential to increase rental income, improve net operating income, and build long-term property value. With its distinctive architecture, compelling price per unit, and achievable renovation upside, this property is an excellent opportunity for investors seeking both income and future appreciation in Phoenixville. Full expense list in flyer. Call Erich Beyer today to schedule a showing. Agent has financial interest in property.

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Multi-Family Active

Price

$ 900,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 6,596

Style

Lot Size

0.03

Year Built

1900

Town/City

Phoenixville

County/Region

Chester

MLS | Web ID

PACT2137910
Features
General
Living Area 2400
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Possession 0-30 Days CD 31-60 Days CD
Roof Flat
Zoning RI
Architectural Style Other
Construction Materials Stone
School District PHOENIXVILLE AREA
Year Built 1900
Property Subtype Other
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality PHOENIXVILLE BORO
Accessibility None
County CHESTER
Net Operating Income 68648.00
Operating Expense 22252.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE
Directions On the corner of Franklin Ave and Saint Mary's St
City PHOENIXVILLE
Disclosures Agent has Financial Interest
Number Of Units Total 1
MLS Area Phoenixville Boro (10315)
Lot Size Units Square Feet
Lot Size Square Feet 1417.01
Number of Units Leased 5
Tax Annual Amount 6596.0
Two Bedroom 1
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 375.0
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Total Actual Rent 90900.00
Cap Rate 7.63
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Interior
Heating Fuel None
Basement Heated Outside Entrance Rough Bath Plumb Unfinished
Hot Water 60+ Gallon Tank
Basement (Y/N) Y
Heating Y/N Y
Central Air Y/N N
Laundry Type Basement
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Exterior
Pool No Pool
Water Source Public
Type of Parking None
Foundation Details Stone
Water View Y/N N
Lot Size Acres 0.03
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 198
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* Excluded Features
List By
Exp Realty, Llc

Broker

erichbeyer@investarchangel.com

Email

Affordability Calculator

$6,766
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,216
Monthly Property Taxes
$550
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2481559 Elementary School
2481619 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/15/2026$900,000 Listed Price

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198 Franklin Avenue, Phoenixville, PA, 19460 is a Multi-Family Home for sale at $900,000 with a lot size of 0.03. 198 Franklin Avenue has 5 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 19460 which is in Phoenixville, PA

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