Spacious Northern Liberties Airbnb
For Sale
Contact for pricing
1011 N Orianna St, Philadelphia, PA 19123
Large, flexible property in prime location, ideal for Airbnb.
Property Size5,098 SF
Price / SF$219.69
Days on Market171
Property Features for 1011 N Orianna St
General Information
Standard status
Active
Size
5,098 SF
Class
A
Property subtype
Multifamily
Zoning
RSA5
Building Details
Year Built
2009
Stories
3
Listing Agency:
Keller Williams Empower
(215) 431-5431
Listed By:
Stacy Sanseverino · License #RS281613
Source:
Crexi
Added: Mar 14
Changed: Aug 8
Last Checked: Aug 25 at 4:29AM
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 Keller Williams Empower
Investment Insights
Based on property information with market context.
Located in Northern Liberties, this property is legally zoned and has been successfully operated as an Airbnb. Constructed in 2009, the property offers over 5,000 square feet of living space. The layout includes 8 bedrooms and 5.5 bathrooms, multiple living areas, two full kitchens, and a lower-level kitchenette. This configuration is suited for intergenerational living, large households, or continued use as a short-term rental investment. The main level features a kitchen, living and dining areas, two bedrooms, and access to a rear deck and shared patio. The finished lower level includes a kitchenette, two bedrooms, a full bathroom, and direct patio access. The second floor offers another kitchen, multiple living areas, a dining space, and a half bath. The upper level contains four additional bedrooms, including a primary suite with an ensuite bath, plus second-floor laundry. The property's multiple gathering areas and kitchens allow for comfortable shared spaces. Situated near restaurants, cafes, parks, and boutiques, the property provides access to Old City, Center City, and cultural destinations such as the Philadelphia Museum of Art and The Franklin Institute. The property is available for immediate purchase; occupancy is subject to confirmed bookings at the time of the offer. Airbnb furnishings are negotiable.
Key Highlights
- Legally zoned and successfully operating as an Airbnb with high income potential.
- Exceptionally large new‑build (2009) with over 5,000 sq ft of living space.
- Flexible layout ideal for intergenerational living or large households, featuring 8 bedrooms and 5.5 bathrooms.
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
$80,189
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
7.16%
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%
$1,603,780
$1.6M
Cap Rate 7%
$1,145,557
$1.1M
Cap Rate 9%
$890,989
$891.0K
Market Conditions
NOI Build-Up for 5,098 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
$154.8K $30.36/SF
− Vacancy
−$9.0K −$1.76/SF
EGI
$145.8K $28.60/SF
− OpEx
−$65.6K −$12.87/SF
NOI
$80.2K $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%
$1,603,780
Cap Rate 7%
$1,145,557
Cap Rate 9%
$890,989
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,189 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,997 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Large, flexible property in prime location, ideal for Airbnb.
Where is this short term rental property located?
The property is located at 1011 N Orianna St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,119,999.
What are key features of this property?
This property features: Legally zoned and successfully operating as an Airbnb with high income potential.; Exceptionally large new‑build (2009) with over 5,000 sq ft of living space.; Flexible layout ideal for intergenerational living or large households, featuring 8 bedrooms and 5.5 bathrooms.
