Bi-Level Residential Income
For Sale
$299,999
1213 N 15TH STREET Unit A, Philadelphia, PA 19121
Modern condominium residence with private outdoor space, flexible rooms, and convenient in-unit laundry.
Property Size1,214 SF
Days on Market82
Property Features for 1213 N 15TH STREET Unit A
General Information
Standard status
Active
Size
1,214 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Francisville
Taxes and HOA fees
Annual Taxes
$622
Building Details
Building Size
1,214 SF
Year Built
2019
Listing Agency:
KW Empower
Listed By:
Stanley Szczurek III · License #RS351299
(267) 864-6035
Source:
Patmckennarealtors
Added: Aug 12
Changed: Oct 31
Last Checked: Nov 1 at 1:38PM
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 KW Empower
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Investment Insights
Based on property information with market context.
Built in 2019, this bi-level condominium residence combines an open main living area with practical separation between entertaining and private spaces. The home includes 2 bedrooms and 2 full bathrooms, including a primary suite with its own bath and generous closet storage. Hardwood flooring, oversized windows, stainless steel appliances, granite countertops, a center island, and in-unit laundry are among the interior features. A private backyard extends the usable living space outdoors.
The property is located at 1213 N 15th Street in Philadelphia, one block from Fairmount and near the Divine Lorraine, the Met, and Temple University. Girard Station on the Broad Street Line is approximately a 2-minute walk away. The home also has 3.5 years remaining on its tax abatement.
The property is located at 1213 N 15th Street in Philadelphia, one block from Fairmount and near the Divine Lorraine, the Met, and Temple University. Girard Station on the Broad Street Line is approximately a 2-minute walk away. The home also has 3.5 years remaining on its tax abatement.
Key Highlights
- 2‑bedroom, 2‑bathroom bi‑level condominium built in 2019
- Open living and dining area with hardwood floors and oversized windows
- Kitchen with stainless steel appliances, granite countertops, and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,096
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,920
$381.9K
Cap Rate 7%
$272,800
$272.8K
Cap Rate 9%
$212,178
$212.2K
Market Conditions
NOI Build-Up for 1,214 SF
Gross rent
$36.9K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$34.7K $28.60/SF
− OpEx
−$15.6K −$12.87/SF
NOI
$19.1K $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%
$381,920
Cap Rate 7%
$272,800
Cap Rate 9%
$212,178
Alternative Uses
Best Use
Apartment 5plus
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$296.0K
$259.0K – $345.3K
NOI $20,717 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,449
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern condominium residence with private outdoor space, flexible rooms, and convenient in-unit laundry.
Where is this residential income property located?
The property is located at 1213 N 15TH STREET Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom bi‑level condominium built in 2019; Open living and dining area with hardwood floors and oversized windows; Kitchen with stainless steel appliances, granite countertops, and center island
