BEDS0
BATHS
SQUARE FEET2,302
MLS#PACT2126990
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHOENIXVILLE AREA
Property Description
Investment opportunity in the heart of downtown Phoenixville. This updated two-unit property is located on one of the borough's most desirable and highly walkable streets, just steps from restaurants, breweries, shopping, parks, trails, and year-round community events. With strong rental demand and limited multifamily inventory in the area, this property offers an attractive combination of current income and future appreciation potential. The first-floor apartment is currently leased at $2,295 per month and features 2 bedrooms and 1 full bathroom, providing immediate cash flow from closing. The upper unit consists of 3 bedrooms and 2 full bathrooms, offering an opportunity for additional rental income, executive housing, furnished rental use, or traditional long-term tenancy. Significant capital improvements have recently been completed, including a new roof (May 2026) and new electric heat pump heating and cooling systems (May 2026), reducing near-term maintenance concerns and capital expenditure requirements. Additional interior updates further enhance the property's appeal to tenants and future buyers. Located in one of Chester County's strongest rental markets, 144 Gay Street presents a rare opportunity to acquire a well-maintained income-producing asset with existing cash flow, a rentable vacant unit, and long-term upside in a thriving downtown location. Ideal for investors seeking portfolio growth, stable income, and future appreciation in a supply-constrained market.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Oil
Heating: Hot Water
Home Style: Colonial
Lot Size: 0.08 Acres
Taxes: $4,792
Year Built: 1890
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Brick
Lot Dimensions: 0.08 Acre(S)
Municipality: PHOENIXVILLE BORO
Sewer: Public Sewer
Structure Type: Twin/Semi-Detached
Three Bedroom Units: 1
Two Bedroom Units: 1
Units: 2
Water: Public
Local Schools
School District: PHOENIXVILLE AREA
Listed By / Shown By
Listed By
Agency Name: RE/MAX Ready
Agency Phone: 6108286300
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 2,287.01 per month $1,668.95 Principal & Interest $399.33 Property Tax $218.72 Homeowner's InsuranceChange Payment Information
144 Gay Street | MLS# PACT2126990
This multi-family property located at 144 Gay Street , Phoenixville, PA 19460 is currently listed for sale with an asking price of $749,900. Gay Street is located within the PHOENIXVILLE AREA school district. Search Phoenixville real estate on www.realtymarkllc.com today.