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$1,123,000 Just Listed
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Property Description
Eight-unit multifamily investment property located in Coatesville, PA. The property consists of eight (8) one-bedroom, one-bathroom apartments and currently generates approximately $9,550 per month in gross rental income ($114,600 annually). The tenant base includes a mix of Housing Authority of Chester County (HACC) and private-pay residents, with five of the eight units benefiting from government-backed rental assistance. The combination of subsidized and market-rate tenancy provides stable occupancy while maintaining exposure to rental growth opportunities. Conveniently located near the Coatesville VA Medical Center, downtown Coatesville, public transportation, and major commuter routes, the property benefits from strong workforce housing demand and access to regional employment centers. This property is being offered as part of a larger 75-unit portfolio consisting of 11 multifamily and mixed-use investment properties located throughout Chester County, Pennsylvania. This asset is one of five properties subject to a financing arrangement and is not available for individual purchase. Additional portfolio information, financials, rent rolls, and due diligence materials are available upon request.
Full Property Details
Full Property Details for 553 E Chestnut St
General
- Price: $1,123,000
- Taxes: $8,893 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PACT2129082
- Updated: 6/23/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 6
- Parking Type: On Street, Driveway
Location
- Area: Coatesville City (10316)
- Municipality: COATESVILLE CITY
- County: CHESTER
- Driving Directions: GPS
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Other
- Building Size: 5084
- Year Built: 1900
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,525
- Lot Size Source: Assessor
- Zoning: C
Financial Considerations
- Price Per Sq. Ft.: $220.89
- Assessment Year: 2026
- School Tax: $6,234
- City/TownTax: $1,933
- City/TownTax Freq: Annually
- County Tax: $725
- County Tax Freq: Annually
- Tax w/Assessment: $140,530
- Tax Amount: $8,893
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 86
Listed by Real of Pennsylvania, Beau McGettigan
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Schools
Schools serving 553 E Chestnut St
School District:Coatesville Area School District
| Name | Grades | Distance |
|---|---|---|
Scott Middle School 800 Olive Street, Coatesville, PA 19320 | 6- | 0.4 mi |
Reeceville El School 248 Reeceville Road, Coatesville, PA 19320 | K-5 | 1.9 mi |
Coatesville Intermediate High School 1425 E Lincoln Highway, Coatesville, PA 19320 | 9-10 | 1 mi |
North Brandywine Middle School 256 Reeceville Rd, Coatesville, PA 19320 | 7-8 | 2.1 mi |
Coatesville Area Senior High School 1445 Lincoln Highway East, Coatesville, PA 19320 | 11-12 | 1 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 553 E Chestnut St
Date
Details
Price
Change
Source
6/23/2026
Listed
$1,123,000
93.62%
MLS
8/04/2021
Sold
$580,000
—
Public Record
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
Tax History for 553 E Chestnut St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$889
-90%
$140,530
—
2025
$8,683
3%
$140,530
—
2024
$8,450
1%
$140,530
—
2023
$8,366
8%
$140,530
—
2022
$7,776
1%
$140,530
—
2020
$7,713
-3%
$140,530
—
2020
$7,916
3%
$140,530
—
2019
$7,713
3%
$140,530
—
2018
$7,454
3%
$140,530
—
2017
$7,250
3%
$140,530
—
2016
$7,016
2%
$140,530
—
2015
$6,897
2%
$140,530
—
2014
$6,783
—
$140,530
—
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
Estimate the Cost for 553 E Chestnut St
553 E Chestnut Street, Coatesville, PA 19320 (MLS# PACT2129082) is a Apartment property. 553 E Chestnut Street is currently listed for $1,123,000 and was received on June 23, 2026. Want to learn more about 553 E Chestnut Street? Do you have questions about finding other Apartment real estate for sale in Coatesville? You can browse all Coatesville real estate or contact a Coldwell Banker agent to request more information.

