Renovated 5-Unit Apartment
For Sale
$795,000
1800-00 S 18TH Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size3,006 SF
Lot Size0.03 Acres
Price / SF$264.47
Days on Market45
Property Features for 1800-00 S 18TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
POINT BREEZE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,006 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6714
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
coin operated washer and dryer
deck
Building Details
Year built
1920
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Alpha Realty Group
(215) 463-0777
Listed By:
Joseph Biancaniello · License #RM047735A
(215) 519-3706
Added: Jul 30
Changed: Aug 24
Last Checked: Sep 12 at 12:06AM
MLS# PAPH2654280
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.
This 3,006-square-foot apartment property contains five residential units, including three one-bedroom apartments and two two-bedroom apartments. The masonry building was constructed in 1920 and renovated during 2015–16. Each unit has separate utilities, and one apartment includes a third-floor deck. Residents also have access to coin-operated laundry equipment on the premises.
The property is located at the corner of S 18th Street and Moore Street in Philadelphia’s Point Breeze section of South Philadelphia. On-street parking is available. Building systems include forced-air heating and central air conditioning, and the property is fully occupied.
The property is located at the corner of S 18th Street and Moore Street in Philadelphia’s Point Breeze section of South Philadelphia. On-street parking is available. Building systems include forced-air heating and central air conditioning, and the property is fully occupied.
Key Highlights
- Five‑unit apartment building with three one‑bedroom and two two‑bedroom units
- 3,006 square feet; renovated during 2015–16
- Fully occupied property at 1800‑00 S 18TH Street, Philadelphia, PA 19145
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$945,660
$945.7K
Cap Rate 7%
$675,471
$675.5K
Cap Rate 9%
$525,367
$525.4K
Market Conditions
NOI Build-Up for 3,006 SF
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.
Gross rent
$91.3K $30.36/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$86.0K $28.60/SF
− OpEx
−$38.7K −$12.87/SF
NOI
$47.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$945,660
Cap Rate 7%
$675,471
Cap Rate 9%
$525,367
Alternative Uses
Best Use
Apartment 5plus
$675.5K
$591.0K – $788.1K
NOI $47,283 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$732.8K
$641.2K – $855.0K
NOI $51,297 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,460
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied masonry property with separately metered apartments and on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 1800-00 S 18TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Five‑unit apartment building with three one‑bedroom and two two‑bedroom units; 3,006 square feet; renovated during 2015–16; Fully occupied property at 1800‑00 S 18TH Street, Philadelphia, PA 19145
