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$1,599,000 -$50,000 (-3.03%) Price Reduced

  • For Sale
  • Active
  • Apartment
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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.

Full Property Details for 8831 Gap Newport Pike

General

  • Price: $1,599,000
  • Taxes: $9,406 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PACT2110316
  • Updated: 7/1/2026
  • Added to Site: 275 day(s) ago

Business

  • Business Type: Apartment Building

Interior

  • Flooring: Carpet, Concrete, Luxury Vinyl Plank, Laminate Plank, Laminated, Vinyl, Wood, Other, Tile/Brick

Parking

  • Total Spaces: 20
  • Parking Type: Private Garage, Driveway

Location

  • Area: New Garden Twp (10360)
  • Municipality: NEW GARDEN TWP
  • County: CHESTER
  • Cross Streets: Penn Green Road
  • Driving Directions: Rt 1 W to 41 S to Avondale, property on right OR Rt 30 E to 41 S through Gap & Cochranville to Avondale, property on left.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water
  • Heating Fuel: Oil, Propane - Leased
  • Water Heater: Oil, Electric

Utilities

  • Sewer: Public Sewer, On Site Septic
  • Water: Public
  • Utility Description: Water Available, Sewer Available, Propane, Other

Structural Information

  • Construction: Block, Concrete, Copper Plumbing, CPVC/PVC, Frame, Masonry, Stucco
  • Roof: Shingle
  • Building Size: 17000
  • Year Built: 1900
  • Year Built Source: Assessor
  • Property Condition: Good, Very Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 2.4
  • Lot Size (Sq. Ft.): 104,544
  • Lot Size Source: Estimated
  • Zoning: R40 APT: APT BLDG(S) (4-1

Financial Considerations

  • Price Per Sq. Ft.: $94.06
  • Assessment Year: 2025
  • School Tax: $7,579
  • City/TownTax: $708
  • City/TownTax Freq: Annually
  • County Tax: $1,118
  • County Tax Freq: Annually
  • Tax w/Assessment: $216,590
  • Tax Amount: $9,406
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Bucket truck on site, lawnmowers, tenants personal property, propane tanks
  • Investment: Yes
  • Lot Number: 30.02

Listed by Iron Valley Real Estate Exton, Aaron Alexander Jones

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Listing agent

— 8831 Gap Newport Pike —

  • Aaron Alexander Jones

    Iron Valley Real Estate Exton

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8831 Gap Newport Pike

School District:Kennett Consolidated School District
NameGradesDistance
Mary D Lang Kdg Center
409 Center Street, Kennett Square, PA 19348
K-3.5 mi
Kennett Middle School
195 Sunny Dell Road, Landenberg, PA 19350
6-82 mi
Kennett High School
100 East South Street, Kennett Square, PA 19348
9-123.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8831 Gap Newport Pike Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2026
Price Reduced
$1,599,000
-3.03%
MLS
10/02/2025
Listed
$1,649,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8831 Gap Newport Pike

Year
Property Taxes
Change
Tax Assessment
Change
2026
$941
-90%
$216,590
—
2025
$9,115
5%
$216,590
—
2024
$8,674
3%
$216,590
—
2023
$8,384
1%
$216,590
—
2022
$8,261
4%
$216,590
—
2020
$7,914
-1%
$216,590
—
2020
$8,022
1%
$216,590
—
2019
$7,914
2%
$216,590
—
2018
$7,790
2%
$216,590
—
2017
$7,630
4%
$216,590
—
2016
$7,304
—
$216,590
—
2015
$7,304
1%
$216,590
—
2014
$7,198
—
$216,590
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 8831 Gap Newport Pike

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Iron Valley Real Estate Exton, Aaron Alexander Jones

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8831 Gap Newport Pike, Avondale, PA 19311 (MLS# PACT2110316) is a Apartment property. 8831 Gap Newport Pike is currently listed for $1,599,000 and was received on October 02, 2025. Want to learn more about 8831 Gap Newport Pike? Do you have questions about finding other Apartment real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.

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