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$900,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2,400 Sq. Ft.
  • Updated 1 day ago
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Exceptional investment opportunity at 198 Franklin Avenue in Phoenixville! This five-unit apartment building grosses $90,900 per year and is offered at an attractive 7.63% cap rate. With a low acquisition cost per unit, this property offers strong income with additional room for growth. Four units have been renovated, leaving a clear opportunity to add value by updating the final unit. That remaining renovation offers the potential to increase rental income, improve net operating income, and build long-term property value. With its distinctive architecture, compelling price per unit, and achievable renovation upside, this property is an excellent opportunity for investors seeking both income and future appreciation in Phoenixville. Full expense list in flyer. Call Erich Beyer today to schedule a showing. Agent has financial interest in property.

Full Property Details for 198 Franklin Ave

General

  • Price: $900,000
  • Taxes: $6,596 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PACT2137910
  • Updated: 10/14/2026
  • Added to Site: 2 day(s) ago

Parking

  • Parking Type: None

Location

  • Area: Phoenixville Boro (10315)
  • Municipality: PHOENIXVILLE BORO
  • County: CHESTER
  • Driving Directions: On the corner of Franklin Ave and Saint Mary's St

School Information

  • School District: Phoenixville Area

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard - Electric
  • Water Heater: 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: Twin/Semi-Detached
  • Construction: Stone
  • Basement: Yes
  • Basement Entrance: Yes
  • Basement Desc.: Heated, Outside Entrance, Rough Bath Plumb, Unfinished
  • Foundation: Stone
  • Roof: Flat
  • Square Feet: 2,400
  • Sq. Ft. Source: Estimated
  • Living Area: 2,400 Sq. Ft.
  • Finished Above Grnd: 2,400 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated

Unit Information

  • Other Units: Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,417
  • Lot Size Source: Estimated
  • Zoning: RI

Financial Considerations

  • Price Per Sq. Ft.: $375
  • Operating Expenses: $22,252
  • Tax w/Assessment: $131,560
  • Tax Amount: $6,596
  • Tax Year: 2025
  • Owner Pays: Sewer, Taxes - Real Estate, Trash Collection, Water

Disclosures and Reports

  • Ownership: Fee Simple

Listed by EXP Realty, LLC, Erich Beyer

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Listing agent

— 198 Franklin Ave —

  • Erich Beyer

    EXP Realty, LLC

Listing Office Email: pa.broker@exprealty.com

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 198 Franklin Ave

School District:Phoenixville Area School District
NameGradesDistance
Phoenixville Early Learning Center
1 Phantom Way, Phoenixville, PA 19460
K-11.4 mi
Manavon Elementary School
2 Phantom Way, Phoenixville, PA 19460
2-51.5 mi
Phoenixville Area Middle School
1000 Purple Pride Parkway, Phoenixville, PA 19460
6-81.3 mi
Phoenixville Area High School
1200 Gay Street, Phoenixville, PA 19460
9-121.2 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 198 Franklin Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2026
Listed
$900,000
200%
MLS
3/29/2021
Sold
$300,000
—
Public Record
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 198 Franklin Ave

Year
Property Taxes
Change
Tax Assessment
Change
2026
$644
-90%
$131,560
—
2025
$6,247
3%
$131,560
—
2024
$6,039
7%
$131,560
—
2023
$5,626
85%
$131,560
41%
2022
$3,036
-22%
$93,010
—
2020
$3,888
2%
$93,010
—
2020
$3,795
-1%
$93,010
—
2019
$3,816
3%
$93,010
—
2018
$3,707
2%
$93,010
—
2017
$3,651
2%
$93,010
—
2016
$3,572
—
$93,010
—
2015
$3,563
1%
$93,010
—
2014
$3,539
—
$93,010
—
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.

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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 EXP Realty, LLC, Erich Beyer

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198 Franklin Avenue, Phoenixville, PA 19460 (MLS# PACT2137910) is a Single Family property with 0 bedrooms and 0 full bathrooms. 198 Franklin Avenue is currently listed for $900,000 and was received on October 14, 2026. Want to learn more about 198 Franklin Avenue? Do you have questions about finding other Single Family real estate for sale in Phoenixville? You can browse all Phoenixville real estate or contact a Coldwell Banker agent to request more information.

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