2315-00 S 12TH Street, Philadelphia, PA 19148
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Apr 20, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 14 at 9:06 am
Property Features for 2315-00 S 12TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- Size
- 1,888 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3320
Utilities
- Heating system
- Electric (Heating), Baseboard, Heat Pump (Heating)
- Cooling system
- Wall Unit(s), Ductless
Building Details
- Year built
- 1925
- Number of units
- 3
- Building materials
- Masonry, Stucco
- Architectural style
- Other
Listing agent Shengfei Lin License #RS330620 (215) 218-0939
Listing office Target Realty 612 Washington Avenue unit: 1, Philadelphia, PA (215) 218-0939
Listing date Apr 20, 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.
HighLights
- Property built in 1925 with masonry and stucco construction
- Mixed‑use setup with two residential units plus one storefront (currently vacant)
- First‑floor front commercial space suited for retail or business use (currently vacant)
- First‑floor rear unit is a 1‑bedroom apartment with separate electric meter
- Second‑floor fully renovated 2‑bedroom apartment includes an outdoor patio
- Heating includes heat pump, baseboard, and electric; cooling includes wall units and ductless systems
Overview
The property is listed for sale and is configured to support separate metering, with separate electric meters for each unit. The residential portion has been completely renovated, providing updated interior space for tenants and streamlined occupancy planning for an owner-operator.
For investors, the combination of residential units and a storefront can help diversify income streams within a single asset. For owner-occupants, the storefront and one of the apartments offer options to live on-site while operating or leasing the commercial space. Existing renovations and separate electric meters may simplify day-to-day management across the units.
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 | $48.7k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.0k | $24.38 |
| − OpEx | −$13.8k | −$7.31 |
| NOI | $32.2k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.16646
- Latitude
- 39.92089
