347 CHESTNUT ST Pottstown, PA 19464
3,014 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,014 sqft
Price per Sqft $112
MLS Listing ID PAMC2199020
Style Other
Abv Grd Liv Area 3,014
Year Built 1850
Available Date 2026-10-31
Annual Tax Amount $5,313
Tax Year 2026
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Detached
Source BRIGHT
Property Description
Under its current ownership for the past six years, the property has benefited from substantial updates and ongoing maintenance. Two of the three units have undergone extensive renovations, including updated kitchens and bathrooms, tile flooring, carpeting, and fresh paint. Additional capital improvements include replacement of two of the three roofs, all three hot water heaters, select plumbing upgrades from older piping to PEX, and numerous electrical enhancements. These include the installation of a dedicated panel for common areas and additional circuits to accommodate building improvements and modern electrical demands.
All three units are currently occupied, generating $3,250 in monthly rental income ($39,000 annually). With an established rental history, including two longstanding tenants, and rental rates that offer potential for future growth, the property presents an attractive opportunity for investors seeking both immediate income and long-term value. Unit #1 may also offer the possibility of conversion to a two-bedroom layout, subject to verification of feasibility and applicable municipal requirements.
Unit #1 – First Floor | $900/month
A spacious one-bedroom apartment featuring a large eat-in kitchen, full bathroom, living room, and an additional walk-through room that may offer potential for conversion to a second bedroom. Currently occupied by a longstanding tenant.
Unit #2 – Second Floor, Rear | $1,000/month
A one-bedroom apartment featuring a living area, kitchen, and full bathroom. Currently occupied by a newer tenant.
Unit #3 – Second and Third Floors, Front | $1,350/month
A generously sized three-bedroom apartment spanning two levels. The main level features a kitchen, full bathroom, and living room, while the upper level accommodates three bedrooms. Currently occupied by a longstanding tenant.
Each unit has its own electrical panel and hot water heater. Tenants are responsible for their individual heating and electrical expenses, while the owner covers water, sewer, and trash services.
Chestnut Street presents a unique opportunity to acquire an established multifamily investment with historic architectural appeal, meaningful capital improvements, and potential for continued income growth. Whether expanding an existing portfolio or acquiring a distinctive income-producing property, this Victorian triplex offers a combination of character, functionality, and long-term investment potential.
Location
State PA
County Montgomery
Area Pottstown Boro (10616)
Zoning RESIDENTIAL
Rooms
Basement Dirt Floor, Drain, Full, Interior Access, Outside Entrance, Poured Concrete, Unfinished, Walkout Stairs
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Carpet, Ceramic Tile, Hardwood
Inclusions Refrigerators in all units are included
Heat Source Electric
Exterior
Utilities Available Electric Available, Natural Gas Available
Water Access N
Roof Type Architectural Shingle,Flat,Pitched
Accessibility None
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 3014
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
Structure Type 9'+ Ceilings,Dry Wall,Masonry,Plaster Walls
New Construction N
Schools
High Schools Pottstown
School District Pottstown
Others
Tax ID 16-00-06136-004
Ownership Fee Simple
SqFt Source 3014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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