Turnkey Multifamily Asset For
For Sale
Contact for pricing
1100 S 27th St, Philadelphia, PA 19146
Multifamily property with commercial space in a high-demand location.
Property Size4,340 SF
Price / SF$253.46
Days on Market157
Property Features for 1100 S 27th St
General Information
Standard status
Active
Size
4,340 SF
Class
A
Property subtype
Multifamily
Zoning
I2
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
2023
Buildings
1
Stories
4
Units
4
Listing Agency:
The Oceanside Realty Team
Listed By:
PHL · License #Pennsylvania RS316262
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 13 at 2:44PM
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 The Oceanside Realty Team
Investment Insights
Based on property information with market context.
This turnkey corner multifamily asset is located at the gateway to Philadelphia’s 19146 zip code, an area known for rental demand and residential sales. Its location provides access to I-95, Washington Avenue, Center City, and University City, placing it near employment, education, and medical centers. The surrounding area is undergoing transformation, supported by institutional investment. The Schuylkill River Trail extension connects Center City to Grays Ferry and is visible from the property. Daily amenities and retail are nearby, including Fresh Grocer and Chase Bank, and it's walkable to Graduate Hospital, Point Breeze, Rittenhouse Square, and other neighborhoods. The property includes approximately 1,000 square feet of ground-floor commercial space with basement storage, leased to a long-term NNN tenant with rental escalations and extension options. Residential units are leased below market, representing loss-to-lease upside. The building features open-concept layouts, interiors, and modern finishes, including contemporary kitchens and bathrooms, in-unit washer/dryers, LVP flooring, flush-mount lighting, high ceilings, and efficient units. A full 10-year tax abatement is in place with approximately seven years remaining. The property size is 4,340 square feet.
Key Highlights
- Full 10‑year tax abatement in place (±7 years remaining)
- Prime location with immediate access to I‑95, Center City, University City, and major employment/education/medical corridors
- Strong rental market with below‑market residential units offering approximately 12% loss‑to‑lease upside and potential for continued rent growth
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
$68,266
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
6.21%
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%
$1,365,320
$1.4M
Cap Rate 7%
$975,229
$975.2K
Cap Rate 9%
$758,511
$758.5K
Market Conditions
NOI Build-Up for 4,340 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
$131.8K $30.36/SF
− Vacancy
−$7.6K −$1.76/SF
EGI
$124.1K $28.60/SF
− OpEx
−$55.9K −$12.87/SF
NOI
$68.3K $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%
$1,365,320
Cap Rate 7%
$975,229
Cap Rate 9%
$758,511
Alternative Uses
Best Use
Apartment 5plus
$975.2K
$853.3K – $1.14M
NOI $68,266 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.06M
$925.8K – $1.23M
NOI $74,062 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with commercial space in a high-demand location.
Where is this apartment building located?
The property is located at 1100 S 27th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Full 10‑year tax abatement in place (±7 years remaining); Prime location with immediate access to I‑95, Center City, University City, and major employment/education/medical corridors; Strong rental market with below‑market residential units offering approximately 12% loss‑to‑lease upside and potential for continued rent growth
