Condominium with In-Unit
For Sale
$400,000
1129 GERMANTOWN AVENUE Unit 2A, Philadelphia, PA 19123
A split-bedroom layout pairs two full bathrooms with an open living area and kitchen island.
Property Size938 SF
Price / SF$426.44
Days on Market17
Property Features for 1129 GERMANTOWN AVENUE Unit 2A
General Information
Standard status
Active
Size
938 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northern Liberties
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$510
Amenities
secure FOB building access
fitness center
landscaped courtyard
ground-level retail
in-unit washer and dryer
Building Details
Building Size
938 SF
Year Built
2022
Listing Agency:
Keller Williams Real Estate-Doylestown
Listed By:
Ronald P Ridolfo Sr. · License #RS228528
(215) 817-0328
Source:
Desantis-realestate
Added: Oct 15
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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 Keller Williams Real Estate-Doylestown
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Investment Insights
Based on property information with market context.
This 938-square-foot condominium, completed in 2022, has two bedrooms and two full bathrooms arranged in a split-bedroom layout. The open living area connects to a kitchen with a center island and breakfast-bar seating. Luxury vinyl flooring, modern finishes, and an in-unit washer and dryer are included. The property has 7 years remaining on its tax abatement.
Building amenities include FOB-controlled entry, elevator service, a fitness center, and a landscaped courtyard. Ground-level retail is also part of the building. The Germantown Avenue address is in Philadelphia’s Northern Liberties neighborhood, near the Piazza, Liberties Walk, and Liberty Lands Park. SEPTA and the Market-Frankford Line are accessible nearby.
Building amenities include FOB-controlled entry, elevator service, a fitness center, and a landscaped courtyard. Ground-level retail is also part of the building. The Germantown Avenue address is in Philadelphia’s Northern Liberties neighborhood, near the Piazza, Liberties Walk, and Liberty Lands Park. SEPTA and the Market-Frankford Line are accessible nearby.
Key Highlights
- 938‑square‑foot condominium built in 2022
- Two bedrooms and two full bathrooms in a split‑bedroom layout
- Kitchen island with breakfast‑bar seating and open living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,754
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,080
$295.1K
Cap Rate 7%
$210,771
$210.8K
Cap Rate 9%
$163,933
$163.9K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$28.5K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$26.8K $28.60/SF
− OpEx
−$12.1K −$12.87/SF
NOI
$14.8K $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%
$295,080
Cap Rate 7%
$210,771
Cap Rate 9%
$163,933
Alternative Uses
Best Use
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,754 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$228.7K
$200.1K – $266.8K
NOI $16,007 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - A split-bedroom layout pairs two full bathrooms with an open living area and kitchen island.
Where is this residential income property located?
The property is located at 1129 GERMANTOWN AVENUE Unit 2A Philadelphia, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 938‑square‑foot condominium built in 2022; Two bedrooms and two full bathrooms in a split‑bedroom layout; Kitchen island with breakfast‑bar seating and open living area
