request_info_guest false

8831 Gap Newport Pike

$1,649,000

8831 Gap Newport Pike, Avondale, PA 19311

Active
Last Updated: 10/02/2025

17,000 sqft

Building Size

1900

Year Built

Details:
Building Size:    17,000 sqft
Year Built:    1900
Price Per Sqft:    $97
Zoning:    R40 APT: APT BLDG(S) (4-1
Roof:    Shingle
Highlights:
  • Days on Market: 1
  • Heating: Hot Water
Description:

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 2 bedrooms, 1 bath, and 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.

The main house adds three 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.

Map:
Location
Gallery