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About the Listing IVREE - 3382314
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.
Listing Highlights for 8831 Gap Newport Pike
Status
Pending
Days on Site
34
Property Type
Commercial Sale
MLS ®
PACT2110316
Year Built
1900
Total Square Footage
17,000
Lot/Acreage
2.4
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor: Carpet,Concrete,Luxury Vinyl Plank,Laminate Plank,Laminated,Vinyl,Wood,Tile/Brick
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 20
- Lot Dimensions: 0.00 x 0.00
- Zoning: R40 APT: APT BLDG(S) (4-1
- Roof: Shingle
- Others: Good,Very Good
- Sewer: Public Sewer,On Site Septic
- Parking Features: Private Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $9,406
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
8831 Gap Newport Pike Avondale, PA 19311
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