238 S 11TH Street Philadelphia, PA 19107
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 238 S 11TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active Under Contract
- Size
- 3,616 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12500
Utilities
- Heating system
- Central, Other (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick, Masonry
- Architectural style
- Other
Listing agent Jill Fratto License #RM422726 (215) 834-7337
Listing office A La Carte Realty LLC 815 Woodbine Avenue, Bala Cynwyd, PA (610) 664-2400
Listing date Apr 10, 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 is zoned CMX-1 and is described as being in the heart of Washington Square West.
Each unit has newer HVAC systems and windows. All units are currently leased on a month-to-month basis.
Key Highlights
- 4‑story historic mixed‑use building with 3 units (1st‑floor commercial and 2 residential levels)
- Zoned CMX‑1
- 1st floor commercial space currently operating as a hair salon with a private entrance and high ceilings
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 | $93.3k | $25.80 |
| − Vacancy | −$5.1k | −$1.42 |
| EGI | $88.2k | $24.38 |
| − OpEx | −$26.4k | −$7.31 |
| NOI | $61.7k | $17.06 |
