4.9 Acres in New Garden Township • Potential Townhome or Cluster Redevelopment • Adjacent to Hartefeld Country Club and White Clay Point Redevelopment Project • RM (Residential Medium Density) in Updated New Garden Zoning Code • Public Water/Sewer on Sharp Road • Located Directly off of Route 41 • Kennett School District
8831 & 8837 Gap Newport Pike offer a unique package of two parcels spanning approximately 2.4 acres, featuring 10 rental units across 5 buildings. Seven of the units share a desirable layout with 1,200+ sq ft of living space, each with separate entrances and attached garages. Several also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income. Of these seven, four are 2-bedroom & three are 3-bedroom. The main house adds a 3-bedroom unit & two more 2-bedroom units, all well-maintained with long-term tenants in place. Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month. With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential. Please do not walk the property or disturb tenants. All showings must be scheduled.
Avondale is located in Pennsylvania. Avondale, Pennsylvania has a population of 1,364. Avondale is more family-centric than the surrounding county with 38.23% of the households containing married families with children. The county average for households married with children is 36.91%.
The median household income in Avondale, Pennsylvania is $78,125. The median household income for the surrounding county is $109,969 compared to the national median of $69,021. The median age of people living in Avondale is 30 years.
The average high temperature in July is 84.8 degrees, with an average low temperature in January of 21.8 degrees. The average rainfall is approximately 47.8 inches per year, with 19 inches of snow per year.
