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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.
Property Type(s):
Multi Family
| Last Updated | 10/14/2026 | Year Built | 1900 |
|---|---|---|---|
| Community | Phoenixville Boro (10315) | County | CHESTER |
SCHOOLS
| School District | PHOENIXVILLE AREA |
|---|
Additional Details
| AIR | None |
|---|---|
| AREA | Phoenixville Boro (10315) |
| BASEMENT | Bath/Stubbed, Exterior Entry, Unfinished, Yes |
| CONSTRUCTION | Stone |
| HEAT | Baseboard |
| LOT | 1307 sq ft |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Other |
| TAXES | 6596 |
| WATER | Public |
Location
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Listing provided by EXP Realty, LLC
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 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. Real estate listings held by brokerage firms other than are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2026 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 10/23/26 4:13 AM PDT
This IDX solution is (c) Diverse Solutions 2026.
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