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8831 Gap Newport Pike

$1,649,000

8831 Gap Newport Pike, Avondale, PA 19311

Active
Last Updated: 10/24/2025

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: 20
  • 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 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.

Map:
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