Top-Floor Residential Income
For Sale
$340,000
1218 N 30TH STREET Unit 3, Philadelphia, PA 19121
Top-floor unit with open living areas, exposed brick, a roof deck, and basement storage.
Property Size1,084 SF
Days on Market10
Property Features for 1218 N 30TH STREET Unit 3
General Information
Standard status
Active
Size
1,084 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,432
Amenities
shared roof deck
basement storage
Building Details
Building Size
1,084 SF
Year Built
1915
Listing Agency:
BMB Living, Inc.
Listed By:
Chris Coulton
(215) 407-7761
Source:
Patmckennarealtors
Added: Sep 11
Changed: Sep 17
Last Checked: Sep 20 at 11:55AM
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 BMB Living, Inc.
Investment Insights
Based on property information with market context.
This top-floor residential income property offers a two-bedroom, 2.5-bath layout with elevated ceilings, exposed brick, and an open arrangement connecting the kitchen, living, and dining areas. The kitchen includes a large island, while a bay window and additional windows bring natural light into the home. A half bath serves the main living level.
Both private bedrooms include en-suite bathrooms and ample closet space. The unit also has access to a shared roof deck, with this residence positioned closest to the deck, along with storage in the building basement. Built in 1915, the property is near Lemon Hill, the Schuylkill River Trail, Baby’s Kusina, Rival Brothers Coffee, and ALDI. Multiple bus routes and the Girard Ave. trolley line are nearby, with service toward Center City.
Both private bedrooms include en-suite bathrooms and ample closet space. The unit also has access to a shared roof deck, with this residence positioned closest to the deck, along with storage in the building basement. Built in 1915, the property is near Lemon Hill, the Schuylkill River Trail, Baby’s Kusina, Rival Brothers Coffee, and ALDI. Multiple bus routes and the Girard Ave. trolley line are nearby, with service toward Center City.
Key Highlights
- Two‑bedroom, 2.5‑bath top‑floor unit
- Open kitchen, living, and dining arrangement with a large island
- Elevated ceilings, exposed brick, bay window, and additional windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,020
$341.0K
Cap Rate 7%
$243,586
$243.6K
Cap Rate 9%
$189,456
$189.5K
Market Conditions
NOI Build-Up for 1,084 SF
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.
Gross rent
$32.9K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$31.0K $28.60/SF
− OpEx
−$14.0K −$12.87/SF
NOI
$17.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,020
Cap Rate 7%
$243,586
Cap Rate 9%
$189,456
Alternative Uses
Best Use
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,051 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$264.3K
$231.2K – $308.3K
NOI $18,498 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Explore this area
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 - Top-floor unit with open living areas, exposed brick, a roof deck, and basement storage.
Where is this residential income property located?
The property is located at 1218 N 30TH STREET Unit 3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑bedroom, 2.5‑bath top‑floor unit; Open kitchen, living, and dining arrangement with a large island; Elevated ceilings, exposed brick, bay window, and additional windows
