Residential Income
New
For Sale
$479,900
1219 N 29TH STREET, Philadelphia, PA 19121
Built in 1925 with radiant heat, gas water heating, and window-unit cooling.
Property Size1,920 SF
Price / SF$249.95
Days on Market5
Property Features for 1219 N 29TH STREET
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Residential Income
Zoning
CMX2
Taxes and HOA fees
Annual Taxes
$4,098
Amenities
Window Unit(s), Electric
Natural Gas, Radiant
Gas Water Heater
On Street
Unit/Flat
Building Details
Building Size
1,920 SF
Year Built
1925
Listing Agency:
KW Empower
(267) 593-6184
Listed By:
Domenick Parris · License #RS321735
(267) 593-6184
Source:
Evrealestate
Added: Aug 1
Changed: Aug 3
Last Checked: Aug 4 at 5:39AM
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
Investment Insights
Based on property information with market context.
This residential income property contains 1,920 square feet and dates to 1925. Interior systems include radiant heating, electric window-unit cooling, and a natural gas water heater. The property is identified with CMX2 zoning and includes a unit/flat configuration.
Located at 1219 N 29TH STREET in Philadelphia, Pennsylvania 19121, the property also offers on-street parking. Its address places the asset within Philadelphia County.
Located at 1219 N 29TH STREET in Philadelphia, Pennsylvania 19121, the property also offers on-street parking. Its address places the asset within Philadelphia County.
Key Highlights
- 1,920‑square‑foot residential income property
- Built in 1925
- CMX2 zoning designation
Financial Insights For Apartment 5plus
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 | $58.3k | $30.36 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $54.9k | $28.60 |
| − OpEx | −$24.7k | −$12.87 |
| NOI | $30.2k | $15.73 |
1,920 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$431.4K
$377.5K – $503.4K
NOI $30,201 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$468.1K
$409.6K – $546.1K
NOI $32,765 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,534
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
$250,100
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1925 with radiant heat, gas water heating, and window-unit cooling.
Where is this residential income property located?
The property is located at 1219 N 29TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 1,920‑square‑foot residential income property; Built in 1925; CMX2 zoning designation
