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Listing description

A recipe for success is simmering at this diverse multi-use property located just off of Bridge Street at 28 Gay St in Phoenixville Borough. Be a part of the movement, cultural energy, and successful downtown district vision that businesses, investors, and consumers are swarming too. This investor's delight offers up an expansive and modern 1 Bedroom, 1 Bathroom 2nd floor unit overlooking Downtown Gay Street, renting currently at $1480 per month. The main floor fully renovated store front opportunity featuring LVP flooring and amazing period store front window for advertising exposure is currently leased at $1125. Combined monthly income is $2605 per month. Of course there are glaring owner occupant options for that novice investor who is looking to be downtown and subsidize their monthly rent exposure while gaining equity or even the small business owner who values the vibrant local Phoenixville market exposure for their growing business all while producing monthly income from the above residential unit. Again, the menu options at 28 Gay Street in Downtown Phoenixville are diverse and premier. Bring your vision, your business, or your investor strategy into a market with unlimited potential.

Facts & features

Interior

Bedrooms
1
Bathrooms
1 full · 1 half
Living area
1,680 sq ft
Heating
Hot Water, Baseboard - Electric
Cooling
None

Property & construction

Property type
Residential · Interior Row/Townhouse
Architectural style
Traditional
Year built
1930

Lot & parking

Lot size
0.01 acres (611 sq ft)

Financial

Price / sq ft
$250
HOA dues
None

Listing details

MLS #
PACT2129434
County
Chester County
School district
Phoenixville Area
Days on market
7 days

Price history

DateEventPrice
Jul 1, 2026Listed for sale$420,000

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

The NookLocal estimate

Estimated value

$413,000

Automated estimate, not an appraisal. Sale records through July 2026.

About this estimate

Based on 10 comparable sales nearby, the Chester County assessment ratio, weighted toward the current asking price.

Current list price
$420,000
County assessment implies
$116,514
Est. property taxes at today's rates
$1,434/yr

Comparable Sales

AddressClosedSale priceBd/BaSqftAdjusted value
32 GAY ST, PHOENIXVILLE, PA 19460December 2025$475,0002/11,800$472,128
403 1ST AVE, PHOENIXVILLE, PA 19460October 2025$310,0004/11,719$313,997
2001 NORTHRIDGE WAY, PHOENIXVILLE, PA 19460May 2026$518,0003/21,640$476,360
1100 UTLEY ALY, PHOENIXVILLE, PA 19460March 2026$475,0003/21,732$446,501
1050 SQUARE DR #2, PHOENIXVILLE, PA 19460January 2026$441,5003/21,738$413,202
601 WAITKUS ALY, PHOENIXVILLE, PA 19460June 2026$475,0003/21,740$419,281

Estimated taxes

Estimated at current rates

$1,742 / year

$145 per month

MLS shows (2025)

$1,742

School tax

PHOENIXVILLE AREA · 35.08 mills (2025-26)

$1,250

County tax

Chester County · 5.16 mills (2025)

$184

Municipal tax

As recorded for 2025, varies by municipality

$308

Assessment note: this home is assessed at $35,630, well below the ~$128,436 its asking price implies at Chester County's common level ratio (30.6%). A sale near asking can invite a school-district assessment appeal that could raise the bill by roughly $3,735/year. Worth pricing in.

Recomputed from the county assessment ($35,630, 1998 base year) × current millage. Portals typically reprint the recorded 2025 bill. Pennsylvania does not reassess on sale. Estimate only. Verify with Chester County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.

Estimated monthly payment calculator

$84,000 (20%)
6.43%

Loan term

Estimated monthly payment

$2,376/mo

Principal & interest
$2,108
Property taxes (current rates)
$145
Home insurance (est.)
$123

Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.

Area statistics

School district

Phoenixville Area

Academic index
65.2/100
Graduation rate
95.2%
PSSA ELA proficient
59.4%
PSSA Math proficient
50.6%

2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Chester County crime & safety numbers →

FBI and Pennsylvania source data, presented without spin.

Property taxes

Chester County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

© BRIGHT, All Rights Reserved

Information Deemed Reliable But Not Guaranteed

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 United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

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.

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: July 8, 2026 at 2:29 PM EDT

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