Penthouse Residential Income
For Sale
$389,000
105 S 12TH STREET Unit 501, Philadelphia, PA 19107
Loft-style condominium with exposed brick, hardwood flooring, premium appliances, and in-unit laundry.
Property Size907 SF
Price / SF$428.89
Days on Market94
Property Features for 105 S 12TH STREET Unit 501
General Information
Standard status
Active
Size
907 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,699
Amenities
24-hour gym access
in-unit washer/dryer
Building Details
Building Size
907 SF
Year Built
2007
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Kristopher A Barillas · License #RS326852
(215) 485-8946
Source:
Patmckennarealtors
Added: Jun 8
Changed: Sep 7
Last Checked: Sep 9 at 7:34AM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
This penthouse-level condominium at the White Building offers 907 sq ft with 13+ ft ceilings, a one-bedroom, one-bath layout, and a spacious living area. Exposed brick, white walls, and cherry hardwood floors establish a distinctive loft character. The kitchen includes stainless steel cabinetry, Sub-Zero and Bosch appliances, and Carrera marble countertops. A finished bathroom, dedicated storage, and an in-unit Bosch washer/dryer add practical functionality.
Built in 2007, the property is located at 105 S 12TH STREET Unit: 501 in Philadelphia, PA 19107. Residents have access to a 24-hour gym, while garage parking is available nearby. The offering combines a compact residential layout with building amenities and upgraded interior finishes.
Built in 2007, the property is located at 105 S 12TH STREET Unit: 501 in Philadelphia, PA 19107. Residents have access to a 24-hour gym, while garage parking is available nearby. The offering combines a compact residential layout with building amenities and upgraded interior finishes.
Key Highlights
- Penthouse‑level condominium with 907 sq ft and 13+ ft ceilings
- 1 bed, 1 bath layout with spacious living area
- Exposed brick and cherry hardwood floors
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
$14,267
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
3.67%
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%
$285,340
$285.3K
Cap Rate 7%
$203,814
$203.8K
Cap Rate 9%
$158,522
$158.5K
Market Conditions
NOI Build-Up for 907 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
$27.5K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$25.9K $28.60/SF
− OpEx
−$11.7K −$12.87/SF
NOI
$14.3K $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%
$285,340
Cap Rate 7%
$203,814
Cap Rate 9%
$158,522
Alternative Uses
Best Use
Apartment 5plus
$203.8K
$178.3K – $237.8K
NOI $14,267 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$221.1K
$193.5K – $258.0K
NOI $15,478 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style condominium with exposed brick, hardwood flooring, premium appliances, and in-unit laundry.
Where is this residential income property located?
The property is located at 105 S 12TH STREET Unit 501 Philadelphia, PA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Penthouse‑level condominium with 907 sq ft and 13+ ft ceilings; 1 bed, 1 bath layout with spacious living area; Exposed brick and cherry hardwood floors
