About 8831 Gap Newport Pike
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.
Features of 8831 Gap Newport Pike
| MLS® # | PACT2110316 |
|---|---|
| Price | $1,649,000 |
| Bathrooms | 0.00 |
| Square Footage | 17,000 |
| Acres | 2.40 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Pending |
Community Information
| Address | 8831 Gap Newport Pike |
|---|---|
| Area | New Garden Twp (10360) |
| City | AVONDALE |
| County | CHESTER-PA |
| State | PA |
| Municipality | NEW GARDEN TWP |
| Zip Code | 19311 |
Amenities
| Utilities | Water Available, Sewer Available, Propane, (C) Other |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Hot Water |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Block, Concrete/Block, Frame, Stucco |
|---|---|
| Roof | Shingle |
School Information
| District | KENNETT CONSOLIDATED |
|---|
Additional Information
| Date Listed | October 2nd, 2025 |
|---|---|
| Days on Market | 20 |
| Zoning | R40 APT: APT BLDG(S) (4-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Ownership | Fee Simple |
Listing Details
| Office | Iron Valley Real Estate Exton |
|---|