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Multifamily Property
For Sale
$445,000

1016 West Erie Avenue, Philadelphia, PA 19140

Multifamily property with RM1 zoning and above- and below-grade areas.

Property Size4,200 SF
Price / SF$105.95
Days on Market190

Property Features for 1016 West Erie Avenue

General Information

Standard status Active
Size 4,200 SF
Property subtype Multi-Family / Fee Simple
Zoning RM1

Taxes and HOA fees

Annual Taxes $3,514

Amenities

No
No Pool
Above Grade, Below Grade

Building Details

Year Built 1940
Listing Agency: Genesis Real Estate Services
Listed By: Raul Zabaleta Jr. · License #RS347488
Source: Compass
Added: Mar 1 Changed: Aug 31 Last Checked: Aug 30 at 6:54AM

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 Genesis Real Estate Services

Investment Insights

Based on property information with market context.

This multifamily property at 1016 West Erie Avenue in Philadelphia, Pennsylvania, carries RM1 zoning and includes above-grade and below-grade areas. The structure was built in 1940, with no pool identified among the exterior features. The property is located in ZIP code 19140 and falls within the Philadelphia City School District.

Key Highlights

  • RM1 zoning
  • Built in 1940
  • Above‑grade and below‑grade areas

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Gym & Fitness Center Tech Support Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,494
Businesses Nearby

Demographics for 19140, PA

52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property with RM1 zoning and above- and below-grade areas.
Where is this multifamily property located?
The property is located at 1016 West Erie Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: RM1 zoning; Built in 1940; Above‑grade and below‑grade areas
More about this property
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