8831 GAP NEWPORT PIKE Avondale, PA 19311 Active
UPDATED: 03/02/2026 01:38 PM ON MARKET: 223 days on market
$1,649,000
2.40 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PACT2110316
Year Built 1900
Available Date 2025-10-02
Annual Tax Amount $9,406
Tax Year 2025
Lot Size 2.400 Acres
Acres 2.4
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property 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.
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