$490,000
SOLD NOV 27, 2024

156 N Walnut St Kennett Square, PA 19348

-- Bed
-- Bath
1,512 Sq Ft
1.3 Acres

Recently Sold

$324 Per Sq Ft

18% Below List Price

41 Days on Market

Highlights

  • 1.3 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to Anson B. Nixon Park
  • Kennett High School Rated A-
  • Wall to Wall Carpet

About This Home

As of November 2024

INVESTOR ALERT! The possibilities are endless with this 6 unit rental property in an incredible location. Two separate buildings, the front building offering 2 apartments and the rear building offering 4 apartments. 5 out of 6 apartments are currently rented with MTM leases. Ample parking. Located on a 1.3 acre parcel adjacent to the entrance to Anson B Nixon Park as well as the new YMCA Pickleball Courts. Easy to rent in a walkable location to downtown Kennett Square’s shops, restaurants, brand new Library, playgrounds, and so much more. Great opportunity to expand your portfolio!

Last Agent to Sell the Property

Matt Fetick

EXP Realty, LLC License #RS-0019528 Listed on: 09/19/2024

Co-Listed By

Stacy Gloster

EXP Realty, LLC

Last Buyer's Agent

Angela Fusselman

Fautore Realty & Property Management License #RS207030L

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,985

Year Built

  • Built in 1880 | Remodeled in 1940

Lot Details

  • 1.3 Acre Lot

Parking

  • Parking Lot

Home Design

  • Stone Foundation
  • Pitched Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,512 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Heating System Powered By Leased Propane
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 1 Vacant Unit

Listing and Financial Details

  • Tax Lot 0019
  • Assessor Parcel Number 03-03 -0019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,985

Year Built

Built in 1880 | Remodeled in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • New Construction: No
  • Year Built: 1880
  • Year Renovated: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: INVESTOR ALERT! The possibilities are endless with this 6 unit rental property in an incredible location. Two separate buildings, the front building offering 2 apartments and the rear building offering 4 apartments. 5 out of 6 apartments are currently rented with MTM leases. Ample parking. Located on a 1.3 acre parcel adjacent to the entrance to Anson B Nixon Park as well as the new YMCA Pickleball Courts. Easy to rent in a walkable location to downtown Kennett Square’s shops, restaurants, brand new Library, playgrounds, and so much more. Great opportunity to expand your portfolio!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1512
  • Living Area Sq Ft: 1512
  • Price Per Sq Ft: 380.29
  • Above Grade Finished Sq Ft: 1512
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 156

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Propane - Leased
  • Heating Type: 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: R40
  • Lot Size Acres: 1.30
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 56628.00
  • Year Assessed: 2024
  • Zoning: R2A

Rental Info

  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 7378.00
  • Tax Annual Amount: 10985.00
  • Assessor Parcel Number: 03-03 -0019
  • Tax Lot: 0019
  • Tax Total Finished Sq Ft: 1512
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 11/27/2024

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: KENNETT CONSOLIDATED

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    Property is being sold AS-IS price for a fast sale. Property is in a great location but needs work.2 Oversized Garages, 4 Bay garage with two doors closed off two with access.Great location for a small business owner that needs space.

    Mark Gilbert M Vincent Gilbert

    Section Image

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
07/01/2025 07/01/25 Price Changed $1,650 -4.3% $1 / Sq Ft
05/09/2025 05/09/25 Price Changed $1,725 -6.8% $1 / Sq Ft
04/17/2025 04/17/25 For Rent $1,850 0.0% --
11/27/2024 11/27/24 Sold $490,000 -14.8% $324 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
10/18/2024 10/18/24 Price Changed $575,000 -4.2% $380 / Sq Ft
10/16/2024 10/16/24 For Sale $599,900 0.0% $397 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $599,900 -- $397 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT2074242

Bright MLS