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Photo of 144 Gay Street, Phoenixville PA
144 Gay Street
Phoenixville, PA 19460
# of Units
2
2 Bdrm Units
1
3 Bdrm Units
1
Acres
0.08
Interior SqFt
2,302
Age
136
Heating
Oil
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
4,792
Additional Details Below

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.

Location

Driving Directions

GPS to 144 Gay Street Phoenixville PA 19460

Listing Details

Summary
Architectural Type

Colonial

Interior Features
Basement

Concrete Perimeter

Exterior Features
Exterior Features

Brick

Utilities
Cooling

Central A/C, Electric

Heating

Hot Water, Oil

Hot Water

Electric

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Ri
Lattitude : 40.130436
Longitude : -75.518250
MLS# : PACT2126990
Views : 128
Listing Courtesy: Sean Maloney of RE/MAX Ready

Notes

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Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839

Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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