Residential Income Property with Loft
For Sale
$420,000
1100 SHACKAMAXON STREET Unit 2F, Philadelphia, PA 19125
Industrial-style residence with soaring ceilings, exposed brick, a sleeping platform, and modern kitchen finishes.
Property Size1,401 SF
Price / SF$299.79
Days on Market55
Property Features for 1100 SHACKAMAXON STREET Unit 2F
General Information
Standard status
Active
Size
1,401 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,486
Amenities
freight elevator
shared storage area
secure digital entry
Juliet balcony
Building Details
Building Size
1,401 SF
Year Built
1863
Construction
industrial loft
Listing Agency:
Elfant Wissahickon Realtors
Listed By:
Jeanne A Whipple · License #RS275042
(215) 866-0050
Source:
Patmckennarealtors
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 3 at 12:40PM
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 Elfant Wissahickon Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property occupies a loft-style unit in a warehouse building dating to 1863. The interior combines exposed brick, original oak beams, 14-foot ceilings, and 10-foot windows with an open living arrangement. A stainless-steel kitchen includes a dishwasher and refrigerator with drawer freezer, while the sleeping platform incorporates custom drawers and concealed storage. A Juliet balcony extends from the living area.
Building amenities include a large freight elevator, shared storage, and secure digital entry. City permit parking is available on nearby streets. The property is in Philadelphia’s Fishtown area, with the Market-Frankford Line approximately a five-minute walk away and bridges to New Jersey less than ten minutes by car. Nearby neighborhood destinations include Gilda’s, Mulherin’s, Frankford Hall, Johnny Brenda’s, The Fillmore, and Penn Treaty.
Building amenities include a large freight elevator, shared storage, and secure digital entry. City permit parking is available on nearby streets. The property is in Philadelphia’s Fishtown area, with the Market-Frankford Line approximately a five-minute walk away and bridges to New Jersey less than ten minutes by car. Nearby neighborhood destinations include Gilda’s, Mulherin’s, Frankford Hall, Johnny Brenda’s, The Fillmore, and Penn Treaty.
Key Highlights
- 14‑foot ceilings and 10‑foot windows
- Exposed brick and original oak beams
- Sleeping platform with integrated custom storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,037
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,740
$440.7K
Cap Rate 7%
$314,814
$314.8K
Cap Rate 9%
$244,856
$244.9K
Market Conditions
NOI Build-Up for 1,401 SF
Gross rent
$42.5K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.1K $28.60/SF
− OpEx
−$18.0K −$12.87/SF
NOI
$22.0K $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 Rate 5%
$440,740
Cap Rate 7%
$314,814
Cap Rate 9%
$244,856
Alternative Uses
Best Use
Apartment 5plus
$314.8K
$275.5K – $367.3K
NOI $22,037 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$341.5K
$298.9K – $398.5K
NOI $23,908 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Industrial-style residence with soaring ceilings, exposed brick, a sleeping platform, and modern kitchen finishes.
Where is this residential income property located?
The property is located at 1100 SHACKAMAXON STREET Unit 2F Philadelphia, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 14‑foot ceilings and 10‑foot windows; Exposed brick and original oak beams; Sleeping platform with integrated custom storage
