1214 S 15th Street, Philadelphia, PA 19146
Four-unit building with three 2-bed, 2-bath residences and a ground-floor commercial space, featuring modern finishes and in-unit laundry.
- Added:
- Jun 21, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 24 at 4:19 am
Property Features for 1214 S 15th Street
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2024
Listing office United Properties Realty (267) 243-5353
Listing date Jun 21, 2026
Source Xome
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HighLights
- 4‑unit mixed‑use building: 3 residential units (each 2 bed, 2 bath) plus a ground‑floor commercial space
- Built in 2024 with modern interiors including open‑concept layouts, hardwood flooring, and stainless steel appliances
- Residential units feature in‑unit laundry and central air
- Zoned CMX1; exterior parking listed as no parking
- 8 years left on tax abatement
Overview
The property is located at 1214 S 15th Street in Philadelphia, with convenient access to public transportation and major highways. The surrounding area includes shopping and dining, and there are neighborhood redevelopment projects mentioned in the remarks.
For buyers seeking a turnkey, income-focused property, the combination of on-site residential living space and a dedicated commercial component can support flexible operating scenarios within the same building. The offering is described as newer construction, and the remarks note that there are 8 years remaining on a tax abatement.
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 | $103.2k | $25.80 |
| − Vacancy | −$5.7k | −$1.42 |
| EGI | $97.5k | $24.38 |
| − OpEx | −$29.3k | −$7.31 |
| NOI | $68.3k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1692204
- Latitude
- 39.9354982
