Bi-Level Residential Income
For Sale
$385,000
1115 GERMANTOWN AVENUE Unit 1C, Philadelphia, PA 19123
A two-bedroom condominium separates its living areas from the bedrooms across two levels.
Property Size1,296 SF
Days on Market8
Property Features for 1115 GERMANTOWN AVENUE Unit 1C
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$520
Building Details
Building Size
1,296 SF
Year Built
2022
Listing Agency:
RE/MAX Properties
Listed By:
Amy Patterson · License #RS286233
(215) 595-6803
Source:
Patmckennarealtors
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 4 at 9:45PM
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 RE/MAX Properties
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.
Built in 2022, this bi-level condominium has two bedrooms, one full bathroom, and a powder room. The main floor combines the living area and kitchen, with hardwood flooring, recessed lights, oversized windows, gray cabinetry, stainless steel appliances, a tile backsplash, and a breakfast bar. Both bedrooms are on the lower level, along with a shared bathroom and a laundry closet equipped with a stackable washer and dryer.
The home is in Philadelphia’s Northern Liberties neighborhood, near the 2nd Street corridor, The Piazza, parks, and green spaces. SEPTA, I-95, and Center City are also accessible from the area.
The home is in Philadelphia’s Northern Liberties neighborhood, near the 2nd Street corridor, The Piazza, parks, and green spaces. SEPTA, I-95, and Center City are also accessible from the area.
Key Highlights
- Built in 2022
- Two‑bedroom, one‑and‑a‑half‑bath condominium arranged over two levels
- Kitchen features gray cabinetry, stainless steel appliances, tile backsplash, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,385
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,700
$407.7K
Cap Rate 7%
$291,214
$291.2K
Cap Rate 9%
$226,500
$226.5K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$39.3K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.1K $28.60/SF
− OpEx
−$16.7K −$12.87/SF
NOI
$20.4K $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%
$407,700
Cap Rate 7%
$291,214
Cap Rate 9%
$226,500
Alternative Uses
Best Use
Apartment 5plus
$291.2K
$254.8K – $339.8K
NOI $20,385 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$315.9K
$276.5K – $368.6K
NOI $22,116 @ 7.0% cap · market cap 5.74%
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
Location Intelligence
Trade Area within ½ mile
3,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 - A two-bedroom condominium separates its living areas from the bedrooms across two levels.
Where is this residential income property located?
The property is located at 1115 GERMANTOWN AVENUE Unit 1C Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Built in 2022; Two‑bedroom, one‑and‑a‑half‑bath condominium arranged over two levels; Kitchen features gray cabinetry, stainless steel appliances, tile backsplash, and breakfast bar
