UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,014 sqft
Price per Sqft $112
MLS Listing ID PAMC2199020
Style Other
Abv Grd Liv Area 3,014
Year Built 1850
Available Date 2026-10-31
Annual Tax Amount $5,313
Tax Year 2026
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Detached
Source BRIGHT
Property Description
Well cared for by its previous owner over the past six years, the property has seen significant updates, including full renovations of two of the three units featuring updated kitchens, bathrooms, tile flooring, carpeting, and fresh paint. Additional improvements include replacement of two of the three roofs, all three hot water heaters, select plumbing upgrades converting older pipes to PEX, and multiple electrical upgrades. These electrical improvements include an additional panel for common areas and new circuits to support building updates and everyday electrical needs.
All three units are currently occupied, generating $3,250 in monthly rental income, with two longstanding tenants and renewed leases. With rents below market value, the property presents an opportunity for investors to increase cash flow over time while benefiting from an established rental history. Unit #1 also offers potential for a two-bedroom conversion, subject to verification of feasibility and applicable requirements.
Unit #1 – First Floor | $900/month
A one-bedroom unit featuring a large eat-in kitchen, full bathroom, living room, and an additional walk-through room with potential for conversion to a second bedroom. Currently occupied by a longstanding tenant.
Unit #2 – Second Floor, Rear | $1,000/month
A one-bedroom unit featuring a living area, kitchen, and full bathroom. Currently occupied by a new tenant.
Unit #3 – Second and Third Floors, Front | $1,350/month
A spacious three-bedroom unit spanning two levels, with a kitchen, full bathroom, and living room on the main level and three bedrooms on the upper level. Currently occupied by a longstanding tenant.
Whether you're looking to expand your investment portfolio, capitalize on below-market rents, or unlock additional value through future improvements, 347 Chestnut St offers a compelling opportunity to own a piece of architectural history with established rental income and room for growth.
Location
State PA
County Montgomery
Area Pottstown Boro (10616)
Zoning RESIDENTIAL
Rooms
Basement Dirt Floor, Drain, Full, Interior Access, Outside Entrance, Poured Concrete, Unfinished, Walkout Stairs
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Carpet, Ceramic Tile, Hardwood
Inclusions Refrigerators in all units are included
Heat Source Electric
Exterior
Utilities Available Electric Available, Natural Gas Available
Water Access N
Roof Type Architectural Shingle,Flat,Pitched
Accessibility None
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 3014
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
Structure Type 9'+ Ceilings,Dry Wall,Masonry,Plaster Walls
New Construction N
Schools
High Schools Pottstown
School District Pottstown
Others
Tax ID 16-00-06136-004
Ownership Fee Simple
SqFt Source 3014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby School & Business
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