$825,000

125 W State St Kennett Square, PA 19348

Estimated payment $4,920/month

Total Views 41,816
-- Bed
-- Bath
3,922 Sq Ft
$210 Price per Sq Ft

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.

Last Listed By

Christopher Black

BHHS Fox & Roach - Hockessin License #652222 Listed on: 11/01/2024

BHHS Fox & Roach - Hockessin

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,486

Year Built

Built in 1910 | Remodeled in 2014

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 11/1/2024 12:00:00 AM
  • Year Built: 1910
  • Year Renovated: 2014
  • Remarks Public: 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.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Partially Carpeted
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Stone
  • Total Sq Ft: 3922
  • Living Area Sq Ft: 3922
  • Price Per Sq Ft: 210.35
  • Above Grade Finished Sq Ft: 3922
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 125

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Private
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 10

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water, 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: KENNETT CONSOLIDATED
  • School District Key: 300200397335
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R30
  • Lot Features: Backs - Open Common Area, Private, Rear Yard
  • Lot Size Acres: 0.04
  • Lot Dimensions: 36 x 50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1850.00
  • Year Assessed: 2024
  • Zoning: C-1 / R30 RES
  • Zoning Description: Borough of Kennett Square: C-1 "Primary Retail District" / Land Use R30 Res: Multi-Fam/Dorms/Single

Rental Info

  • Existing Lease Type: Gross
  • Number Of Units Month To Month: 3
  • Owner Pays: Common Area Maintenance, Management, Pest Control, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 68230.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 4396.00
  • Tax Annual Amount: 6486.00
  • Assessor Parcel Number: 03-02 -0196
  • Tax Lot: 0196
  • Tax Total Finished Sq Ft: 3922
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Gross Income: 68230.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 19512.00

MLS Schools

  • School District Name: KENNETT CONSOLIDATED

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
07/26/2013 07/26/13 Pending -- -- --
03/01/2013 03/01/13 For Sale $499,900 -- $127 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PACT2075484

Bright MLS

APN: 0302 01960000

Pennsylvania Chester County Kennett Square 19348

125 W State St, Kennett Square, PA

This home is located at 125 W State St, Kennett Square, PA 19348 and is currently priced at $825,000, approximately $210 per square foot. This property was built in 1910. 125 W State St is a home located in Chester County with nearby schools including Kennett Middle School, Kennett High School, and St. Patrick School.

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Christopher Black
Listing Agent
Christopher Black
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BHHS Fox & Roach - Hockessin
(484) 989-9587