Brick Multifamily with Separate
1010 N 5TH STREET Philadelphia, PA 19123
For Sale
$1,150,000
Philadelphia semi-detached brick multifamily includes separate utilities, a front studio, multiple bedroom units, and a rear entrance.
Property Size3,686 SF
Price / SF$311.99
Days on Market12
Property Features for 1010 N 5TH STREET
General Information
- Standard status
- Active
- Size
- 3,686 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
JG Real Estate LLC
(856) 522-9291
Listed By:
Max Tanenbaum
(856) 522-9291
Source:
Cummingsrealtors
Added: Jul 15
Changed: Jul 25
Last Checked: Jul 25 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JG Real Estate LLC
Investment Insights
Based on property information with market context.
This classic brick-front, Philadelphia semi-detached multifamily property offers a functional unit mix and separate utilities. The layout includes a front studio, two front units with bedrooms, and a spacious bi-level rear unit with a private entrance. A large yard and off-street parking support the property’s day-to-day livability. Several units feature some updated kitchens and bathrooms, and the building has been maintained as a long-term rental.
The property is equipped with natural gas boilers and gas water heaters, along with mini-split air conditioning. There is also a noted history of an internal connection to a renovated non-conforming studio (a 5th unit) via interior stairs, which may support conversion possibilities.
The offering notes an existing proven rental history and that some units have been renovated over time as they became vacant, while remaining legacy units may allow for continued value through future renovations. The memorandum is available upon request, and all financial and operating figures should be independently verified as part of due diligence.
The property is equipped with natural gas boilers and gas water heaters, along with mini-split air conditioning. There is also a noted history of an internal connection to a renovated non-conforming studio (a 5th unit) via interior stairs, which may support conversion possibilities.
The offering notes an existing proven rental history and that some units have been renovated over time as they became vacant, while remaining legacy units may allow for continued value through future renovations. The memorandum is available upon request, and all financial and operating figures should be independently verified as part of due diligence.
Key Highlights
- 1920‑built Philadelphia brick‑front semi‑detached multifamily with separate utilities
- Unit layout includes a front studio, two 2‑bedroom front units, and a spacious 2‑bedroom rear unit with private entrance
- Large yard plus off‑street parking
Financial Insights For Apartment 5plus
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 | $111.9k | $30.36 |
| − Vacancy | −$6.5k | −$1.76 |
| EGI | $105.4k | $28.60 |
| − OpEx | −$47.4k | −$12.87 |
| NOI | $58.0k | $15.73 |
3,686 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$828.3K
$724.7K – $966.3K
NOI $57,979 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$898.6K
$786.3K – $1.05M
NOI $62,901 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Philadelphia semi-detached brick multifamily includes separate utilities, a front studio, multiple bedroom units, and a rear entrance.
Where is this apartment building located?
The property is located at 1010 N 5TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1920‑built Philadelphia brick‑front semi‑detached multifamily with separate utilities; Unit layout includes a front studio, two 2‑bedroom front units, and a spacious 2‑bedroom rear unit with private entrance; Large yard plus off‑street parking
