125 W State St Kennett Square, PA 19348
Estimated payment $4,744/month
Highlights
- Colonial Architecture
- Private Lot
- 90% Forced Air Heating System
- Kennett High School Rated A-
- Wood Flooring
- Back Yard
About This Home
This property is a fully occupied quadplex with development opportunity located in the thriving retail district of downtown Kennett Square. With no setback requirements the property can be fully developed. This property presents a unique opportunity for a variety of uses, including retail, offices, restaurants, and special exceptions like hotels or planned developments.
While situated in the historic district, which requires architectural review, neighboring properties demonstrate the potential for substantial expansion. The property’s proximity to a public parking garage eliminates the need for on-site parking, making it even more attractive to development.
It is currently configured as 4 apartments 1 bed/1 bath; 2 bed/2 bath; 3 bed / 1 bath; 4 bed / 2 bath.
Listing Agent
(302) 304-2265 chrisblackrealestate@gmail.com BHHS Fox & Roach - Hockessin License #652222 Listed on: 11/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,486
Year Built
- Built in 1910 | Remodeled in 2014
Lot Details
- 1,850 Sq Ft Lot
- Lot Dimensions are 36 x 50
- Backs To Open Common Area
- Private Lot
- Back Yard
Home Design
- 3,922 Sq Ft Home
- Quadruplex
- Colonial Architecture
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
Flooring
- Wood
- Partially Carpeted
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Private Parking
- Parking Lot
Utilities
- Window Unit Cooling System
- 90% Forced Air Heating System
- Hot Water Baseboard Heater
- Electric Water Heater
Listing and Financial Details
- Tax Lot 0196
- Assessor Parcel Number 03-02 -0196
Community Details
Overview
- 4 Units
- 3-Story Building
Building Details
- Income includes apartment rentals
- Operating Expense $19,512
- Net Operating Income $48,718
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $799,000 | -3.2% | $204 / Sq Ft | |
| 05/23/2025 05/23/25 | Price Changed | $825,000 | -2.9% | $210 / Sq Ft | |
| 05/05/2025 05/05/25 | Price Changed | $850,000 | -5.5% | $217 / Sq Ft | |
| 04/07/2025 04/07/25 | Price Changed | $899,000 | -9.6% | $229 / Sq Ft | |
| 02/03/2025 02/03/25 | Price Changed | $995,000 | -9.5% | $254 / Sq Ft | |
| 12/09/2024 12/09/24 | Price Changed | $1,100,000 | -8.3% | $280 / Sq Ft | |
| 11/01/2024 11/01/24 | For Sale | $1,200,000 | +166.7% | $306 / Sq Ft | |
| 08/22/2013 08/22/13 | Sold | $450,000 | -10.0% | $115 / Sq Ft | View Prior Sale |
| 07/26/2013 07/26/13 | Pending | -- | -- | -- | |
| 03/01/2013 03/01/13 | For Sale | $499,900 | -- | $127 / Sq Ft |
Source: Bright MLS
MLS Number: PACT2075484
APN: 0302 01960000
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