Fourth-Floor Loft Income
For Sale
$395,000
105 S 12TH STREET Unit 401, Philadelphia, PA 19107
Historic masonry character pairs with premium appliances, spa-style bath, and in-home laundry.
Property Size898 SF
Days on Market175
Property Features for 105 S 12TH STREET Unit 401
General Information
Standard status
Active
Size
898 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,687
Amenities
virtual concierge
coded elevator
secure mailroom
fitness center
pet-friendly
custom California walk-in closet
in-unit washer/dryer
Building Details
Building Size
898 SF
Year Built
1900
Construction
loft
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Amanda J. Saunders · License #RS309462
(215) 514-9597
Source:
Patmckennarealtors
Added: Mar 19
Changed: Sep 2
Last Checked: Sep 8 at 9:47AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Residence #401 is a fourth-floor loft within The White Building, a boutique residential property built in 1900. The open interior combines exposed brick, Brazilian cherry hardwood flooring, 16-foot barrel-vaulted brick ceilings, and 9-foot arched windows. A Pedini kitchen includes stainless steel cabinetry, Carrera white marble counters, an expansive island, pantry storage, and appliances by Sub-Zero and Bosch, along with a five-burner induction cooktop. The residence also provides a California walk-in closet, Bosch washer and dryer, and a bathroom with a deep soaking tub and glass-enclosed shower.
Building amenities include a coded elevator, secure mailroom, virtual concierge, fitness center, and pet-friendly policies. Residence #401 has a private hallway shared with only one other unit. The property is located in Midtown Village at 105 S 12th Street in Philadelphia, near grocery stores, coffee shops, and fitness studios.
Building amenities include a coded elevator, secure mailroom, virtual concierge, fitness center, and pet-friendly policies. Residence #401 has a private hallway shared with only one other unit. The property is located in Midtown Village at 105 S 12th Street in Philadelphia, near grocery stores, coffee shops, and fitness studios.
Key Highlights
- Fourth‑floor Residence #401 with a private hallway shared by only one other unit
- 16‑foot barrel‑vaulted brick ceilings, exposed brick walls, and 9‑foot arched windows
- Pedini stainless steel kitchen with Carrera white marble counters and expansive island
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
$14,125
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
3.58%
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%
$282,500
$282.5K
Cap Rate 7%
$201,786
$201.8K
Cap Rate 9%
$156,944
$156.9K
Market Conditions
NOI Build-Up for 898 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
$27.3K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$25.7K $28.60/SF
− OpEx
−$11.6K −$12.87/SF
NOI
$14.1K $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%
$282,500
Cap Rate 7%
$201,786
Cap Rate 9%
$156,944
Alternative Uses
Best Use
Apartment 5plus
$201.8K
$176.6K – $235.4K
NOI $14,125 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$218.9K
$191.6K – $255.4K
NOI $15,324 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25,545
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Historic masonry character pairs with premium appliances, spa-style bath, and in-home laundry.
Where is this residential income property located?
The property is located at 105 S 12TH STREET Unit 401 Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fourth‑floor Residence #401 with a private hallway shared by only one other unit; 16‑foot barrel‑vaulted brick ceilings, exposed brick walls, and 9‑foot arched windows; Pedini stainless steel kitchen with Carrera white marble counters and expansive island
