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 Market8
Property Features for 1100 SHACKAMAXON STREET Unit 2F
General Information
Standard status
Active
Size
1,401 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
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: Sep 16
Last Checked: Sep 16 at 1:52PM
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
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 = 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
$22,037
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
5.25%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
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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
