Multifamily
New
For Sale
$585,000
118 S 46th St, Philadelphia, PA 19139
The seller may consider a portfolio transaction with other real estate in the immediate area.
Property Size2,600 SF
Price / SF$225
Days on Market7
Property Features for 118 S 46th St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Source:
Bethsamberg
Added: Oct 4
Changed: Oct 8
Last Checked: Oct 7 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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This multifamily property at 118 S 46th St in Philadelphia was built in 1925.
The seller also owns other real estate in the immediate area and may consider selling the properties together as a portfolio.
The seller also owns other real estate in the immediate area and may consider selling the properties together as a portfolio.
Key Highlights
- Built in 1925
- Seller may consider a portfolio sale with other real estate in the immediate area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,897
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,940
$817.9K
Cap Rate 7%
$584,243
$584.2K
Cap Rate 9%
$454,411
$454.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$78.9K $30.36/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$74.4K $28.60/SF
− OpEx
−$33.5K −$12.87/SF
NOI
$40.9K $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%
$817,940
Cap Rate 7%
$584,243
Cap Rate 9%
$454,411
Alternative Uses
Best Use
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The seller may consider a portfolio transaction with other real estate in the immediate area.
Where is this multifamily property located?
The property is located at 118 S 46th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Built in 1925; Seller may consider a portfolio sale with other real estate in the immediate area
