1211 N FRANKLIN Street, Philadelphia, PA 19122
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
- Added:
- Apr 10, 2025
- Days on Market:
- 433
- Last Refresh:
- Jun 16 at 8:06 am
Property Features for 1211 N FRANKLIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Washer, Dryer
- Standard status
- Active
- Size
- 3,500 SF
Taxes and HOA fees
- Tax Annual Amount
- 2351
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2017
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Contemporary
Listing agent Frederick A. Altieri License #RS346080 (610) 550-9271
Listing office Houwzer, LLC 1435 Walnut Street unit: 5, Philadelphia, PA (267) 765-2080
Listing date Apr 10, 2025
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in South Kensington/Northern Liberties, steps from Girard Ave and a short walk from Fishtown.
- Generates approximately $5,350/month in projected rent with strong rental income.
- Features a 10‑Year Tax Abatement.
- Built in 2017 with quality craftsmanship and modern amenities.
- Each unit has separate utilities, in‑unit laundry, and modern kitchens with quartz countertops and stainless steel appliances.
- Includes a bi‑level unit with a private backyard and a unit with a private roof deck offering Center City views.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.3k | $25.80 |
| − Vacancy | −$5.0k | −$1.42 |
| EGI | $85.3k | $24.38 |
| − OpEx | −$25.6k | −$7.31 |
| NOI | $59.7k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.14862
- Latitude
- 39.97093