1108 LOCUST Street Philadelphia, PA 19107
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 1108 LOCUST Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- Size
- 2,380 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10820
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Anna DePalma License #RS339336 (215) 490-2992
Listing office EXP Realty, LLC 630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA (888) 397-7352
Listing date Jul 15, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property has separate gas and electric meters serving the apartments. The leasing information in the remarks indicates the units are currently rented, with a gross monthly rental income listed as $6,500.
Each unit is configured as a 1-bedroom, 1-bath layout, with the second-floor apartment described as renovated and the third-floor apartment described as bright. The building totals three stories of residential income space as presented in the listing materials.
Key Highlights
- Fully occupied 3‑unit triplex with current gross monthly rental income of $6,500
- All three apartments have separate gas and electric meters and individual water heaters
- Central heating and central air conditioning throughout the property
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.4k | $25.80 |
| − Vacancy | −$3.4k | −$1.42 |
| EGI | $58.0k | $24.38 |
| − OpEx | −$17.4k | −$7.31 |
| NOI | $40.6k | $17.06 |
