Three-Bedroom Residential Income
For Sale
$399,900
1217 GREEN STREET Unit B, Philadelphia, PA 19123
The 2014-built condo includes three full bathrooms and an open living and dining arrangement.
Property Size1,581 SF
Price / SF$252.94
Days on Market67
Property Features for 1217 GREEN STREET Unit B
General Information
Standard status
Active
Size
1,581 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,254
Building Details
Building Size
1,581 SF
Year Built
2014
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Aug 26
Changed: Oct 27
Last Checked: Oct 27 at 4:07AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,581-square-foot condo was built in 2014 and has three bedrooms and three full bathrooms. An open living and dining area connects with a kitchen offering cabinet and counter space. The layout also includes a bright living area and spacious bedrooms.
The property is being sold by a financial institution as an REO following foreclosure, in as-is, where-is condition. The seller provides no representations or warranties; buyers are encouraged to conduct inspections and due diligence.
The property is being sold by a financial institution as an REO following foreclosure, in as-is, where-is condition. The seller provides no representations or warranties; buyers are encouraged to conduct inspections and due diligence.
Key Highlights
- Three bedrooms and three full bathrooms
- 1,581 square feet
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,868
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,360
$497.4K
Cap Rate 7%
$355,257
$355.3K
Cap Rate 9%
$276,311
$276.3K
Market Conditions
NOI Build-Up for 1,581 SF
Gross rent
$48.0K $30.36/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$45.2K $28.60/SF
− OpEx
−$20.3K −$12.87/SF
NOI
$24.9K $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%
$497,360
Cap Rate 7%
$355,257
Cap Rate 9%
$276,311
Alternative Uses
Best Use
Apartment 5plus
$355.3K
$310.9K – $414.5K
NOI $24,868 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$385.4K
$337.3K – $449.7K
NOI $26,980 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,092
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2014-built condo includes three full bathrooms and an open living and dining arrangement.
Where is this residential income property located?
The property is located at 1217 GREEN STREET Unit B Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three bedrooms and three full bathrooms; 1,581 square feet; Built in 2014
