Studio Apartment
For Sale
Contact for pricing
1205 W SUSQUEHANNA AVE, Philadelphia, PA 19122
Move-in ready studio building with five units near Temple University; shared Wi-Fi included and utilities paid by tenants.
Property Size1,946 SF
Price / SF$0.50
Days on Market103
Property Features for 1205 W SUSQUEHANNA AVE
General Information
Standard status
Active
Size
1,946 SF
Property subtype
Commercial
Site & Location
Neighborhood
Kensington
Additional Details
Multifamily Units
5
Building Details
Year Built
1965
Listing Agency:
Velvet Rope Homes
(215) 279-0591
Listed By:
Chandra Reid · License #RS351471
(215) 452-9737
Source:
Cummingsrealtors
Added: Jul 13
Changed: Oct 21
Last Checked: Oct 20 at 9:06PM
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 Velvet Rope Homes
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Investment Insights
Based on property information with market context.
This studio apartment building offers five move-in ready studio units, now leasing. The rent includes shared Wi-Fi service, while tenants pay water, gas, and electric on a monthly basis. Some of the units are described as including a washer and dryer set.
The property is located at 1205 W Susquehanna Ave in Philadelphia, about two blocks from Temple University.
Available unit features are noted as varying by unit, particularly with respect to in-unit washer and dryer availability. This configuration can support a streamlined studio living setup with shared connectivity and separately metered monthly utilities.
The property is located at 1205 W Susquehanna Ave in Philadelphia, about two blocks from Temple University.
Available unit features are noted as varying by unit, particularly with respect to in-unit washer and dryer availability. This configuration can support a streamlined studio living setup with shared connectivity and separately metered monthly utilities.
Key Highlights
- 1965‑built property with 5 studio units now leasing
- Located 2 blocks from Temple University
- Rent includes shared Wi‑Fi; tenants pay water, gas, and electric monthly
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,610
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,200
$612.2K
Cap Rate 7%
$437,286
$437.3K
Cap Rate 9%
$340,111
$340.1K
Market Conditions
NOI Build-Up for 1,946 SF
Gross rent
$59.1K $30.36/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$55.7K $28.60/SF
− OpEx
−$25.0K −$12.87/SF
NOI
$30.6K $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%
$612,200
Cap Rate 7%
$437,286
Cap Rate 9%
$340,111
Alternative Uses
Best Use
Apartment 5plus
$437.3K
$382.6K – $510.2K
NOI $30,610 @ 7.0% cap · market cap 3,123.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$474.4K
$415.1K – $553.5K
NOI $33,208 @ 7.0% cap · market cap 3,388.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,070
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Move-in ready studio building with five units near Temple University; shared Wi-Fi included and utilities paid by tenants.
Where is this apartment building located?
The property is located at 1205 W SUSQUEHANNA AVE Philadelphia, PA.
What are key features of this property?
This property features: 1965‑built property with 5 studio units now leasing; Located 2 blocks from Temple University; Rent includes shared Wi‑Fi; tenants pay water, gas, and electric monthly
