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198 Franklin Ave, Phoenixville, PA 19460

Phoenixville
Local realty services provided by:CENTURY 21 A Better Way
198 Franklin Ave,Phoenixville, PA 19460
$900,000
  • 5 Beds
  • - Baths
  • 2,400 sq. ft.
  • Multi-family
  • Active
Listed by: erich beyer
Office: exp realty, llc.
MLS#:PACT2137910
Source:BRIGHTMLS

Price summary

  • Price:$900,000
  • Price per sq. ft.:$375

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:PACT2137910
  • Added:11 day(s) ago
  • Updated:October 26, 2026 at 01:39 PM

Rooms and interior

  • Bedrooms:5
  • Basement:Yes
  • Basement Description:Heated, Outside Entrance, Rough Bath Plumb, Unfinished
  • Living area:2,400 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric

Structure and exterior

  • Roof:Flat
  • Year built:1900
  • Building area:2,400 sq. ft.
  • Lot area:0.03 Acres
  • Construction Materials:Stone
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$900,000
  • Price per sq. ft.:$375
  • Tax amount:$6,596 (2025)

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