$799,000
Price
Beds
Baths
3,922 Sq. Ft.
$204 / Sq. Ft.
3,922
Sq. Ft.
$204
per Sq. Ft.

Description

This property is a fully occupied quadplex with development opportunity located in the thriving retail district of downtown Kennett Square. With no setback requirements the property can be fully developed. This property presents a unique opportunity for a variety of uses, including retail, offices, restaurants, and special exceptions like hotels or planned developments. While situated in the historic district, which requires architectural review, neighboring properties demonstrate the potential for...This property is a fully occupied quadplex with development opportunity located in the thriving retail district of downtown Kennett Square. With no setback requirements the property can be fully developed. This property presents a unique opportunity for a variety of uses, including retail, offices, restaurants, and special exceptions like hotels or planned developments. While situated in the historic district, which requires architectural review, neighboring properties demonstrate the potential for substantial expansion. The property’s proximity to a public parking garage eliminates the need for on-site parking, making it even more attractive to development. It is currently configured as 4 apartments 1 bed/1 bath; 2 bed/2 bath; 3 bed / 1 bath; 4 bed / 2 bath.
  1. Listed by Chris J Black • BHHS Fox & Roach - Hockessin
    P: (302)-304-2265 chrisblackrealestate@gmail.com

Property Details for 125 West State Street

Tax ID Number
03-02 -0196
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Expected On Market Date
11-01-2024
Cross Street
Union
LISTING UPDATED: 12/23/2025 02:00 AM

Property Details for 125 West State Street

StatusActive
MLS #PACT2075484
Days on Market431
Taxes$6,486 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.04 AC / 1,850 SF
CountyChester County

Location

Listing Courtesy of BHHS Fox & Roach - Hockessin
Add your commute

Building Information for 125 West State Street

Stories-Residences4Year Built1910Building Size-Lot Size0.04 AC / 1,850 SF

Payment Calculator

$4,435 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,894

Property Taxes

$541

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 125 West State Street

Location
Location
  • School District Name: KENNETT CONSOLIDATED
  • School District County ID: 300200397335
  • SchoolDistrictSource: Listing Agent
  • County: CHESTER
  • MLS Area: Kennett Square Boro (10303)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $130,630
  • Year Assessed: 2024
  • County Tax: $594
  • Improvement Assessed Value: $99,530
  • City Town Tax: $1,496
  • Land Assessed Value: $31,100
  • Clean Green Assessed: No
  • Land Use Code: R30
  • Zoning: C-1 / R30 RES
  • Zoning Dscrp: Borough of Kennett Square: C-1 "Primary Retail District" / Land Use R30 Res: Multi-Fam/Dorms/Single
  • Tax Lot: 0196
  • School Tax: $4,396
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Management, Pest Control, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 2
  • Units Furnished: None
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 3
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $19,512
Financial Information
  • Gross Income: $68,230
  • Net Operating Income: $48,718
  • Annual Rental Income: $68,230
  • Income Includes: Apartment Rentals
  • Cap Rate: 4.90
  • Existing Lease Type: Gross
Building Info
Building Info
  • Year Major Reno Remodel: 2014
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 36 x 50
  • Lot Dimensions Source: Estimated
  • Lot Features: Backs - Open Common Area, Private, Rear Yard
  • Parcel ID: 225752
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 10
  • Parking Features: Asphalt Driveway, Private
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water, 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: New Castle County Board of REALTORS
  • List Agent URL: www.spotlight-realestate.com

Property History for 125 West State Street

DateEvent & SourcePriceAppreciation
Aug 4, 2025

Price Change

BRIGHT #PACT2075484

$799,000
May 23, 2025

Price Change

BRIGHT #PACT2075484

$825,000
May 5, 2025

Price Change

BRIGHT #PACT2075484

$850,000
Apr 7, 2025

Price Change

BRIGHT #PACT2075484

$899,000
Feb 3, 2025

Price Change

BRIGHT #PACT2075484

$995,000
Dec 9, 2024

Price Change

BRIGHT #PACT2075484

$1,100,000
Nov 1, 2024

Listed (Active)

BRIGHT #PACT2075484

$1,200,000
Oct 27, 2024

Listed (Active)

BRIGHT #PACT2075484

$1,200,000
Aug 22, 2013

Closed (Public Record)

Public Record #366818410

$450,000
Aug 22, 2013

Closed

BRIGHT #1003370994

$450,000
Jul 26, 2013

Pending

BRIGHT #1003370994

Mar 1, 2013

Listed (Active)

BRIGHT #1003370994

$499,900
DateEvent & SourcePrice
08/04/2025

Price Change

BRIGHT #PACT2075484

$799,000
05/23/2025

Price Change

BRIGHT #PACT2075484

$825,000
05/05/2025

Price Change

BRIGHT #PACT2075484

$850,000
04/07/2025

Price Change

BRIGHT #PACT2075484

$899,000
02/03/2025

Price Change

BRIGHT #PACT2075484

$995,000
12/09/2024

Price Change

BRIGHT #PACT2075484

$1,100,000
11/01/2024

Listed (Active)

BRIGHT #PACT2075484

$1,200,000
10/27/2024

Listed (Active)

BRIGHT #PACT2075484

$1,200,000
08/22/2013

Closed (Public Record)

Public Record #366818410

$450,000
08/22/2013

Closed

BRIGHT #1003370994

$450,000
07/26/2013

Pending

BRIGHT #1003370994

03/01/2013

Listed (Active)

BRIGHT #1003370994

$499,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 West State Street

Taxable ValueLand$31,100Additions$99,530Total$130,630
Tax Record2025$6,566 ($547 / month)
Home Facts
Baths3Total Finished SqFt3,922 SqFtAbove Grade Finished SqFt3,922 SqFtStories2Lot Size6,600 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910ZoningC2CountyCHESTERAPN0302 01960000

Schools near 125 West State Street

This home is within Kennett Consolidated School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Bancroft El School
Public1 to 5

Kennett Middle School
Public6 to 8

Kennett High School
Public9 to 12

Greenwood El School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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125 West State Street is a multi-family home for sale in Kennett Square, PA 19348. This property was listed for sale on October 27, 2024 by BHHS Fox & Roach - Hockessin, it's currently listed at $799,000. It has been on the market for a total of 431 days and was last sold on August 22, 2013. This listing's school district is Kennett Consolidated School District. Nearby schools include Bancroft El School, Kennett Middle School and Kennett High School. 125 West State Street is a 0-bed, 0-bath, 3,922 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Fox & Roach - Hockessin

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.